The Minister of Finance, Mrs. Kemi Adeosun has said that the inability of the Federal Government to generate enough revenue to meet its obligations had left it with no other choice than to turn to international financial institutions for loans to finance critical infrastructure projects. She said that with a huge monthly personnel expenditure of about N210 billion, coupled with …

In order to ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding. The signing ceremony took place Wednesday at the EFCC office in Abuja. The MoU serves to among others promote the efficient investigation and conclusion of all cases reported by …

NIBBS MD/CEO Ade Shonubi The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has reiterated the rising significance of digital or online media in financial news reporting, saying it is where the future lies. Speaking yesterday at the launch of Ficannews.com, an online news website published by Finance Correspondents Association of Nigeria (FICAN), the NIBSS boss said the group …

InfoWARE Limited, an indigenous business software and technology company has extended its drive towards making sure that Nigerians home and abroad have access to accurate information’s from the financial market, by collaborating with Television Continental for enhanced business programming. With this partnership, TVC will broadcast live market data with an extensive coverage of the Nigerian Stock Exchange (NSE), National Association …

  Gov. Akinwunmi Ambode of Lagos State on Thursday said that 181 roads would be constructed across the state before the second quarter of the year. Ambode spoke at the state’s quarterly Town Hall Meeting with residents of Lagos-East Senatorial District held at the Ajelogo Housing Scheme, Mile 12, in Ketu area of the state. He said the construction would …

Ecobank Nigeria has commissioned an agency banking outlet at Airtel express shop in Mowe Ofada, Ogun state. This is in line with the Bank’s determination to convert Airtel franchise locations to Agent banking locations. Members of the public can now carry out their financial transactions such as Cash-in; Cash-out; Transfers to Ecobank and other banks, bill payments and Rapid transfer …

A total of N317.79 billion has been internally generated in revenues (IGR) by twenty-nine states of the federation from January to June 2016, the National Bureau Statistics (NBS) stated on Wednesday. Lagos State recorded the highest IGR of N150.59 billion within the first half of the year under review, Ogun State was second with N28.15 billion while Nasarrawa State generated …

A 30-year-old student, Tobi Justice, who allegedly assaulted his father’s tenant by biting off his left ear, was on Thursday in Lagos released on N50, 000 bail. The Chief Magistrate, Mr. Alexander Komolafe, who gave the ruling, also granted the accused two sureties in like sum. The accused, a student of the University of Abuja, had pleaded not guilty to …

  Data grandmasters, Globacom, has launched a new initiative, Glo Flexi Recharge, which allows customers to use data and voice without having the compulsion of buying a fixed data and voice bundle. Globacom said Flexi Recharge gives subscribers credit for calls and internet-related services, which means that its subscribers will no longer need to purchase separate data bundles for internet connectivity and calls. Subscribers …

Dayo Emmanuel Vice President Yemi Osinbajo is to act as President while the President  Muhammadu Buhari proceeds on leave. The leave, a 10 day vacation beginning from Monday January 23  ends on Monday February 6, 2017. In a letter read on the floor of the Upper House by the President of the Senate Dr. Bukola Saraki during plenary today, the …