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14 February

NCPC to Set Up Training Committee – UJA

The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja, has said that the Commission would set up a training committee to drive the training programme of the Commission. He disclosed this recently in Abuja while inaugurating members of the Review of Registry Repositioning Implementation Committee. He explained that without an established and organized registry system, nothing …

14 February

FG is not increasing taxes, Udoma tells National Assembly

The Federal Government does not have any intention of increasing taxes but is working towards increasing its internally generated revenue through the broadening its tax base. Responding to a comment by Senator Ben Bruce at the public hearing of the Joint Session of the National Assembly on the 2017 Budget, the Minister of Budget and National Planning, Senator Udoma Udo …

13 February

Trump speaks with Buhari on telephone, to help Nigeria combat terrorism

President Muhammadu Buhari on Monday spoke with his United States of America’s counterpart, Donald Trump, on telephone, with the two leaders discussing ways to improve collaboration in the fight against terrorism. The Special Adviser to the President (Media & Publicity), Mr. Femi Adesina, in a statement said Trump also invited Buhari to Washington “at a mutually convenient date”. He said, …

13 February

I’ll resist payment when there’s no electricity – Fashola

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity bill if there is no supply. Fashola said this on Monday at the 12th Monthly Power Sector and Stakeholders’ Meeting in Ibadan hosted by Ibadan Electricity Distribution Company. Power generation in the country has worsened in …

13 February

External reserves rise by 20% in three months

The nation’s external reserves have risen by $4.7bn or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7bn on February 9, 2017. The data also showed that within …

13 February

Group knocks NIMASA boss over Maritime varsity funding

The Niger Delta Indigenous Movement for Radical Change (NDIMRC) has rained heavy knocks on the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside over his recent statement that the agency would not fund the Maritime University, Okerenkoko, Delta State. Dr Dakuku Peterside, recently declared that the agency will continue to fund the Maritime Academy …

13 February

NAICOM Plans Sanction On Underwriters Late Accounts Submission

Nigerian insurance firms, whose financial accounts are yet to be summited before March 31, 2017, would be barred from engaging in further business activities, industry regulator, National Insurance Commission (NAICOM), has revealed. The Commission affirmed that it would take action against officials responsible for financial reporting, as well as publish the compliance status of insurance firms on its website for …

13 February

Jaiz Bank targets N5.56 billion profits by 2021

Jaiz Bank Plc, a non-interest financial institution is targeting a profit After Tax (PAT) of N5.56 billion by the end of the 2021 financial year from the current N1.34 billion position. The bank disclosed this while addressing stockbrokers at the company’s, Facts Behind the Figures, shortly after it listed by the introduction 29.46 billion shares of 50 kobo each at …

13 February

Lady drugs lover,steals car,laptop

Folake Sokoya The operatives of Rapid Response Squad (RRS) of the Lagos State Police Command, have arrested a lady in Agbor, Delta State, for drugging her man friend, a medical doctor, in a hotel in Ojodu area of Lagos, carting away his car, laptop and mobile phone. The lady, Mitchel Harrold, 37, from Warri, Delta State was on Tuesday February …

13 February

DANGOTE Sets To Launch 25,000 Hectares Of Rice Outgrowers Scheme In Sokoto

Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto, Sokoto state it’s multi-million naira 25, 000 hectares of rice Outgrower scheme with a prospect of hundreds of thousands of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend that the Company will on Wednesday, flag of with a …