Politics

The Central Securities Clearing System (CSCS) Plc has been accredited by the Global Legal Entity Identifier Foundation (GLEIF) to perform all Local Operating Unit (LOU) services in Nigeria. This was contained in a letter dated 26 November 2018 addressed to the company. The accreditation followed an inspection visit by a team of GLEIF representatives. The letter signed by Stephan Wolf, …

Read More »

The National Bureau of Statistics on Monday released the country’s Gross Domestic Product report for the third quarter with the economy recording a growth rate of 1.81 per cent year-on-year. The Bureau in the report which was posted on its website said the growth rate of 1.81 per cent represents an increase when compared to the growth rate of 1.5 …

Read More »

Former president, Olusegun Obasanjo has denied media reports that he has decided not to support any candidate for next year’s presidential election in Nigeria. Obasanjo made the clarification in a statement today by his media aide, Kehinde Akinyemi saying, “It is disingenuous, if not malicious, for anyone to suggest that Chief Obasanjo was being neutral when he chose not to use the …

Read More »

Barring last minute adjustment, National Microfinance Bank  will begin operations in January  2019  as part of measure to ensure more credits flow to the grassroots. According to the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, the National Microfinance Bank will be instituted in partnership with the Nigerian Postal Service (NIPOST) and the Bankers’ Committee with a takeoff capital base …

Read More »

Mrs. Toyin Sanni, Group Chief Executive of Emerging Market Limited, at the weekend in Lagos blamed the bearish nature of the Nigerian financial markets on the current political uncertainties ahead of next year’s general elections. Presenting a paper titled at the 2018 edition of 2019 Traders and Investors Success Summit (TISS), organized by Investdata Consulting Limited, Mrs. Sanni, immediate past …

Read More »

Alhaji Kassimu Kurfi, a chartered accountant and capital market expert, at the weekend in Lagos, lamented the decision of the Federal Government to reduce the 2019 budget size at a time the nation’s population is growing at a steady 3% rate, just as the number of those within the poverty bracket. Speaking on “Budget delays and implications on the economy …

Read More »

Folake Sokoya Following alleged infiltration of foreigners from Niger Republic into the country, the Advocacy for Integrity and Economic Development (AIED) has called on the Federal Government to immediately sack the Interior Minister, General Dambazau, the Comptroller General of Immigration and other security agencies vested with the responsibility of checking illegal immigrants into the country. It will be recalled that …

Read More »

By Simon Ugwu The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has indicated the Federal Government commitment to deepening Nigerian content in oil and gas industry. Kachikwu, represented by Mrs Folashade Yemi-Esen, Permanent Secretary in the ministry highlighted this at the opening ceremony of the 8th Practical Nigerian Content, subsequently commended the achievement of the Nigerian Content Development …

Read More »

President Muhammadu Buhari has approved that the tenure of the heads of its key revenue generating Ministries, Departments and Agencies (MDAs), would be performance based in line with revenue targets set out for them. Mr. Ahmed Idris, Accountant-General of the Federation (AGF), said this in a statement issued by Mr. Oise Johnson, Head, Press and Public Relations, Office of the …

Read More »

Nigeria emerged the third most terrorised nation worldwide in the newly released 2018 Global Terrorism Index. In the report, which was released, on Wednesday, the index placed Nigeria after war-torn countries like Iraq, Afghanistan and ahead of Syria and Pakistan. The report also showed that there is a drop in the number of deaths linked to terrorism. The report said, “Total deaths …

Read More »