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31 August

Nigeria Officially In Recession, GDPGrowth Drops To -2.06%

Nigeria officially in recession, GDP growth drops to -2.06% The National Bureau of Statistics, NBS will be releasing the second quarter GDP which will show that the country is officially in recession because the economy shrank by -2% in the second quarter of the year. Key indices that let to this result includes the sharp drop in Nigeria’s soverign revenue. …

31 August

Teenager Arrested For Swinling Public

Teenager Arrested For Swinling Public Folake Sokoya The Operatives of Rapid Response Squad (RRS) of Lagos State Police Command, have apprehended an 18 -year-old boy, Segun Adeyefa, for allegedly selling bar of soap as mobile phones to unsuspecting members of public in traffic. The suspect was arrested by the RRS men on routine patrol of Ikorodu Motor Park yesterday at …

30 August

NIMASA pledges to fully enforce the implementation of ISPS Code

NIMASA pledges to fully enforce the implementation of ISPS Code The Nigerian Maritime Administration and Safety Agency, (NIMASA) has again restated its position in ensuring the full implementation and enforcement of the International Ships and Ports Facility Security (ISPS) code in the nation’s ports. The Director General, Dr. Dakuku Peterside stated this at the opening ceremony of a five-day training …

30 August

Oscar task dealing clerks on professionalism, integrity

Oscar task dealing clerks on professionalism, integrity FRIDAY EKEOBA The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has tasked recently qualified dealing clerks to maintain internal values of Professionalism, Integrity, Transparency and Reliability. Addressing the market community at the induction ceremony on Monday, Onyema said out of 50 candidates who wrote the Chartered Institute of Stockbrokers …

28 August

COMMENTS ON THE STATE OF THE ECONOMY

COMMENTS ON THE STATE OF THE ECONOMY Perhaps the major challenge facing the Nigerian economy at this time is the inability to regain the confidence of investors, both local and foreign. Regrettably, the instability and inconsistency in the foreign exchange management policy have been complicating matters. The economy has a major structural defect of being heavily import dependent. This cannot …

28 August

FirstBank partners NBCC on MSME development

FirstBank partners NBCC on MSME development First Bank of Nigeria Limited is to partner the Nigerian-British Chamber of Commerce (NBCC) to jointly host a Micro, Small & Medium Size Enterprises (MSME) workshop with the theme: “Fundamentals of Building a Sustainable Business”. According to FirstBank, the two day workshop will take place on the 1st and 2nd of September, 2016 at …

27 August

What journalists should know about entrepreneurship

What journalists should know about entrepreneurship Dayo Emmanuel Journalists have been advised to be more entrepreneurial in the practice of the profession. This advice was offered at the monthly fellowship of the Christian media group, Journalists For Christ (JFC) held in Lagos on August 20. In his welcome address, President of the organisation, Lekan Otufodunrin, emphasised the importance of maximizing …

26 August

UBA Proposes 20 kobo Interim Dividend For Half Year

UBA Proposes 20 kobo Interim Dividend For Half Year United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a …

26 August

Nigeria: Gas Independence Cannot Solve Existing Electricity Challenges

Nigeria: Gas Independence Cannot Solve Existing Electricity Challenges FRIDAY EKEOBA The Federal Government has said that the sole-reliance on gas cannot solve the country’s existing electricity challenges. Acting Chairman of Niger Delta Power Holding Company (NDPHC), Chinedu Ugbo, on behalf of the Minister of Power, Works And Housing, Babatunde Raji Fashola, made this statement during a conference in Lagos …

26 August

Aregbesola to Chair ‘Shadows of a Whisper’ a collection of poems presentation

Aregbesola to Chair ‘Shadows of a Whisper’ a collection of poems presentation Osun State Governor, Ogbeni Rauf Aregbesola will on 17th September in Lagos, be the guest of honour and Chairman at the presentation of ‘Shadows of a Whisper’ a collection of poems by Barrister Ladi Soyode. The presentation/launching of the poems which is another deep soul searching art work from …