Politics

Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has again reiterated that the over N5trillion bad debts, which Nigerians expect AMCON to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.

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Appraising the performance of the Nigerian investment space the past year, reflects a sector that has continued to respond proactively to emerging global trends following innovative strategies being adopted by those saddled with the responsibility of guiding the investment market towards desirable direction for sustainable growth.

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The Managing Director, International Monetary Fund (IMF), Mrs. Christine Lagarde, has advised the Nigerian government to jettison spending on fuel subsidy and expend the money on health, education and infrastructural development.

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United bank for Africa Plc UBA has filed a winding up petition against a Petroleum Resources company, Sahara Energy Resources  limited over alleged inability of the company to pay a debit of $42,282,430.49/or equivalent of N15,221,674,976.4.

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At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought

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David Malpass, the newly elected president of the World Bank, says nine in every 10 extremely poor people across the world will be Africans come 2030.

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In the unlikely event of closure of licensed banks in 2019, the Nigerian Deposit Insurance Corporation (NDIC) said it has set aside a total sum of N258.767 billion in the fiscal year for the reimbursement of depositors.

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The World Health Organisation has said that, globally, women live longer than men; and that the difference in the male-female lifespan is particularly stark in high-income countries.  

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The initial public offering (IPO) of Skyway Aviation Handling Company (SAHCO) Plc was undersubscribed by 35.35 per cent as the company was only able to raise N1.22 billion out of IPO value of N1.89 billion.

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Julian Assange, computer programmer and founder of whistleblowing website Wikileaks, has been arrested by British Police.He was arrested on Thursday at the Ecuadorian embassy in London.

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