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RRS NABS 2 ROBBERS, RECOVERS GUN, LOOTS

The operatives of Rapid Response Squad of the Lagos State Police Command have arrested two armed robbers in two separate incidences in Ikotun and Olodi – Apapa, just as it recovered gun, jewellery, laptop and 18 mobiles phones from the robbers. The robbers; Bashir Wasiu, 22, from Oyo State and Tunde Adedeji, 23, from Abeokuta, Ogun State were arrested in Olodi – Apapa, around …

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LCCI partners German industry and commerce to boost investment, knowledge transfer

By Friday Ekeoba The Lagos Chamber of Commerce and Industry (LCCI) and the Delegation of German Industry and Commerce in Nigeria (DGIC) have signed a Memorandum of Understanding (MOU) to boost trade, investment and knowledge transfer between Germany and Nigeria. The official signing, which took place at the German Consulate in Lagos recently, provided the platform for support to Nigerian …

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Q4: Flour Mills suffers N8.3bn pre-tax loss as dividend payout drops 52%  

FRIDAY EKEOBA The downturn in the domestic economy activities might have started to take its toll on the manufacturing sector as Flour Mills in its fourth quarter result announcement According to FBN Research, there is the likelihood that the flour going concern will review downward its consensus forecast profit-before-tax for 2017. In a filling to the Nigerian Stock Exchange during …

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I am called to announce gospel artistes to the world- DJ Ernest

DJ Ernesty is a graduate of the Federal University of Technology, Minna, Niger State, and an Abuja based DJ with a bias for quality gospel and contemporary music. In this interview coordinated by Obus Zalee, coordinator of the popular Christian Talents Community (CTC); a group involving over 150 talents representing various denominations and vocations, Ernesty bared his mind on his …

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Centre trains 300 women on various vocations

Dayo Emmanuel The National Centre for Women Development has graduated about 300 women from its various vocational skills acquisition programs. The participants, trained on various vocations which include fashion and garment making, hospitality and tourism, interior decoration, hides decoration and catering, are now empowered to augment family income through their newly acquired skills. Acting Director General of the centre, Mallam …

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House of Reps passes bill to establish North East Development Commission

Dayo Emmanuel While the war on terror comes to an end, the obvious need for reconstruction and rehabilitation are of national concern. Observing these needs, the House of Representatives Thursday, passed a bill for the establishment of North East Development Commission. The Commission, when formed would receive funding from the Federal Government and donation from international donours for resettlement and …

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Nigerians need not panic over IMF’s recession prediction – Adeosun

FRIDAY EKEOBA Barring any monumental change in the domestic economy, the Minister of Finance, Mrs Kemi Adeosun,Thursday assured Nigerians that the nation would only face a short recession if the nation’s economy contracts again in the second quarter as the removal of fuel subsidies and policies to lower dependency on oil will pay off. It would be recalled that the International Monetary Fund (IMF) …

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Unaudited result: WEMA Bank post half-year 16.3% gross earnings rise … keeps NPL ratio below 3%

FRIDAY EKEOBA Following the daunting challenges in the domestic economy, WEMA Bank Plc on Thursday posted a 16 per cent rise in its gross earnings unaudited financial result for the six month ended June 30th 2016. According to its filling to the Nigerian Stock Exchange (NSE) for verification, the bank’s gross earnings rose to N24.3billion in 2016 compared to N20.9 billion …

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110m people have no business being poor in Nigeria – NEITI boss

FRIDAY EKEOBA The Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI), Mr Waziri Adio, said recently that there was no reason for Nigeria to have 110 million people living in poverty. The numbers which constitute 64.7 per cent of the country’s 170 million population, according to the NEITI boss do not have business suffering considering the domestic economy income from …

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Lagos loses Federal lawmaker, Hon. Elijah Adewale

Ifako-Ijaiye Federal Constituency of Lagos State, Thursday was thrown into mourning as the news of the demise of a member of the House of Representatives representing the Constituency at the House of Representatives broke. Hon. Elijah Adewale was said to have slumped and died at the early hours of Thursday in his Abuja residence. The deceased was said to have …

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