There are strong indications that Ogun East Senator, Buruji Kashamu has dropped support for Prince Gboyega Nasir Isiaka, the 2015 gubernatorial candidate of the People’s Democratic Party and opted for another Yewa candidate, Lagos based Senator Olamilekan Yayi. Indications to this emerged recently as many politicians believed to be so close to the Ijebu Igbo politicians have taken prominent position …

[Left] Out-going Country Director (Nigeria), African Development Bank, Dr Ousmane Dore and President, Lagos Chamber of Commerce and Industry, LCCI, Chief Dr Mrs Nike Akande, during the Courtesy Visit of the Country Director to the LCCI on Wednesday at the Commerce House. Advertisement

Investors  stand to benefit from  the opportunities in the oil and gas sector worth $12trillion, the Chief Executive Officer, Lagos Deep Offshore Logistics base (LADOL), Dr Amy Jadesinmi, has said. Presenting a paper titled: “Business leaders to promote $12 trillion global economic development target,” at a conference organised by the Business and Sustainable Development Commission (BSDC) in London, Jadesinmi said …

An operator of the Lagos State Bus Rapid Transit (BRT) scheme, Primero Transport Services, has announced plans to increase its fares on all routes in February. The company’s Managing Director, Mr Fola Tinubu, made the disclosure in an interview in Ikorodu on Thursday. Tinubu said that the increase was as result of its increasing operational cost. The company has maintained …

Chairman of Transcorp Group and United Bank for Africa, UBA, Mr Tony Elumelu, has said Nigeria’s power sector will soon collapse if urgent action was not taken. Elumelu told CNBC Africa: “The agency of government that is responsible for making sure that this sector delivers on its potential is not doing well enough. We are owed a lot of money. …

For the fourth consecutive year, Nigeria has failed to rise in Transparency International’s Corruption Perception ranking. TI, which released its 2016 report on Thursday, ranked Nigeria 136 out of 176 countries. However, while the organisation scored Nigeria 26 per cent in its last report, it scored the country 28 in its latest report. The war against corruption is one of …

The Director –General of the Securities and Exchange Commission (SEC), Mounir Gwarzo has restated the commission’s resolve to promote the development of Commodity Exchanges in the country. Speaking when he received the New Exco of the Association of Stockbroking Houses of Nigeria(ASHON)  on  a courtesy call at the commission on recently, the Director General said the commission was willing to …

The Nigerian Stock Exchange (NSE) has listed the Stanbic IBTC Asset Management Limited (SIAML) Pension ETF 40 as one of the Exchange Traded Fund that will be traded on the NSE floor. A total of 10,000,000 units of N100 each at par in SIAML Pension ETF 40 was listed. According to the promoter investors can only buy a minimum of …

Banks’ assets have depreciated in the last two years, with provisions for Non Performing Loans (NPLs) hitting N856.9 billion, a financial market report has said. The report by the investment and research firm Afrinvest West Africa Plc was released yesterday. It said provisioning for the NPLs, which rose 3.1 times from N280.4 billion in December 2014 to N856.9 billion last …

The Economic Community of West African States (ECOWAS), in conjunction with the European Union (EU), has launched the implementation of the European Union Support to ECOWAS Regional Peace, Security and Stability Mandate Programme (ECOWAS-EU PSS Project) aimed at creating the right atmosphere for development in the region.   The project, which will see ECOWAS, EU and other developmental partners committing …