Manufacturers Association of Nigeria, MAN, has said that right regulatory policies by the Central Bank of Nigeria can bring down high interest rate in the country to five per cent from the current charges of 25- 30 perccent by Deposit Money Banks, DMBs. Addressing the Senate Committee on Banking, Insurance and Other Financial Institutions headed by Senator Rafiu Ibrahim, MAN …

Consumers of fresh tomatoes have once again switched over to tomato pastes as tomato ebola makes a comeback. Exactly same period last year, consumers and farmers of fresh tomatoes across the country were hit by severe scarcity due to same reason. Daily Sun learnt that a big basket of tomatoes, which previously cost N7,000 and N10,000 in Mile 12 Market …

The Federal Executive Council (FEC) meeting presided over by Acting President, Yemi Osinbajo, has approved the signing of a multilateral convention on tax related treaties that will end profit shifting and tax evasion by multinationals. This approval was part of the government’s plan to push up its tax base and improve revenue generation. Government had in 2016 said it lost about …

The Senate has urged the Federal Government to consider the report of the National Conference held in 2014. Specifically, the Senate said it would go through the recommendations made by the confab to determine the solutions to the current agitations across the country. Members of the Senate made the resolution at a plenary on Wednesday after debating a motion sponsored …

Former President of the Christian Association of Nigeria, Anthony Cardinal Okogie, has dismissed the federal system of government being practised in Nigeria as not serving the people. The former Catholic Archbishop of Lagos, in a statement titled, ‘Deprivation and Agitation: A Reflection on Nigeria’s Late 2017 Budget,’ which was sent to The PUNCH on Wednesday, decried the poor state of …

The Presidency, on Wednesday, described as outrageous and travesty of justice the acquittal of Senate President Bukola Saraki by the Code of Conduct Tribunal, which upheld the no-case submission of the Senate President. The Special Assistant to the President on Prosecution, Mr. Okoi Obono-Obla, wondered why the CCT dismissed the weight of “overwhelming evidence” against Saraki, who was tried for …

The National Bureau of Statistic (NBS) has said inflation rate dropped to 16.25 per cent in May 2017, 0.99 per cent lower than 17.24 per cent recorded in April. The decline reflects fourth consecutive decline in inflation rate since January 2017 as government continued to pump liquidity into the system. The Bureau explained that headline index increased by 1.88 per …

The Code of Conduct Tribunal (CCT) sitting in Abuja has discharged and acquitted the Senate President Dr. Bukola Saraki in the 18 count charges of false declaration of assets brought against him by the federal government in September 2015. The tribunal held that the evidence brought against Saraki by the federal government lacked verifiable value and was unreliable to hold …

SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an aide to the Deputy Speaker, Yusuf Suleiman as they blamed the death on non-payment of …

From Left: President, African Renaissance Foundation (AREFO), Mr. Babatunde Masewaku; Senior Special Assistant to the President on Foreign Affairs & Diaspora, Hon. Abike Dabiri-Erewa; Special Adviser to the Lagos State Governor on Overseas Affairs & Investment, Prof. Ademola Abass and Managing Director/CEO, Agile Communications Limited, Mr. Rufai Ladipoduring a press conference on the First Annual Diaspora Festival in Badagry at the Bagauda Kaltho …