• Boko Haram: Escapee recounts orderal in Sambisa forest

    A 25-YEAR-OLD housewife and mother of five, Aisha Bukar yesterday recounted her ordeal in the hands of Boko-Haram insurgents, saying she, her husband, mother-in-law and children, fed on ‘weeds’ to survive. Mrs. Bukar, one of the captives of the insurgents, escaped from their enclave after a military war plane bombed ...

  • iSON chief: Africa’s $32b ICT market skewed

    The Founder/Chairman, iSON Group, Ramesh Awtaney, has said the $32billion market value ascribed to Africa’s information communications technology (ICT) market is skewed. In a presentation on: Bringing Intellectual Property to Work: Create Onshore Model, Target Offshore Opportunities, at the 2017 London Business School’s Africa Business Summit, he said in a ...

  • Fed Govt, U.S. congressmen discuss security, humanitarian issues

    EIGHT United States congressmen arrived in Nigeria yesterday for talks with the Federal Government on security and humanitarian matters. The delegation began their four-day visit with a meeting with National Assembly members led by Senate President Bukola Saraki. Senator Christopher Coons (D-Delaware) is leading the team.  Coons is a member of the ...

  • Idris: When Crime Fights Back – By Philip Agbese

    Nigerians, I plead your indulgence to engage ourselves in a dispassionate discussion as insightful patriots! None of us can really say, a nation such as Nigeria would have known peace without a law enforcement security agency like the Nigeria Police Force (NPF). Some of us acknowledge their positive roles in ...

  • CBN injects $250m into FX market

    The Central Bank of Nigeria has again intervened in the Inter-Bank Foreign exchange Market to the tune of $250m. The Acting Director, Corporate Communications Department, CBN, Mr Isaac Okorafor, said the Apex Bank also sold $100m and uplifted the Small and Medium Enterprises and invisible segments, with $85m and $65m ...

  • Customs intercept cars, rice, Indian hemp worth N531.4m

    The Federal Operations Unit, Zone `A’ of the Nigeria Customs Service has intercepted cars, rice and Indian hemp, with a Duty Paid Value of N531.47m. The Customs Area Controller of the command, Comptroller Mohammad Garba, who disclosed this in Lagos on Monday, said that the command intercepted 27 vehicles, including ...

  • Buhari sad over neglect of cocoa sector

    President Muhammadu Buhari has expressed regrets over the neglect of the cocoa sector over the years, saying his administration will work to reposition it and other non-oil export commodities. Buhari said this at the First International Cocoa Summit organised by the Federal Ministry of Trade and Investment in collaboration with ...

  • US officials to meet Osinbajo, Saraki over Boko Haram

    Bayo Akinloye An eight-member congressional delegation from the United States will visit Nigeria between August 28 and 31, to discuss Boko Haram insurgency and the humanitarian situation in the North-East, the US Embassy in Nigeria has said. The delegation will be led by Senator Christopher Coons, a member of the ...

  • Exchange rate: Foreign airlines raise fares

    International airfares out of Nigeria have recorded a further rise following an increase in exchange rate for ticket prices by the International Air Transport Association, OYETUNJI ABIOYE and MAUREEN IHUA-MADUENYI report The international airfares from Lagos to various destinations across the globe have recorded a further increase following the announcement ...

  • CBN, others unveil new homeownership scheme

    Maureen Ihua-Maduenyi A new scheme targeted at providing improved access to housing finance to aspiring homeowners has been unveiled by stakeholders in the industry. The scheme, known as My Own Home and domiciled with the Central Bank of Nigeria, is also expected to among other things provide awareness, education and ...

  • Nigeria: How Nigeria Can Attract Huge Investment, By SBM Chief, Others

    [Guardian] For Nigeria to pull huge investment into the country, the need for government to make the incentives policies and regulatory framework more attractive and less stringent has been stressed.

  • $14.1b forex deals attract investors

    Foreign investors’ confidence in the economy is rising. The feat is attributed to the $14.1 billion combined foreign exchange (forex) deals from the Investors’ & Exporters’ FX Window – I&E FX Window- and the Central Bank of Nigeria’s (CBN’s) weekly dollar interventions, The Nation has learnt. The I&E FX Window has since ...

  • ‘Multiple taxes, policy inconsistency bane of private sector’

    For the economy to move forward there is a need for policy consistency and the need to see governance as a continuum. Such policies need to be tailored to support industries to achieve economic growth, curb youth restiveness through massive employment generation, and promote social welfare for the overall well-being ...

  • LCCI: Why refineries, others are not attracting investments

    The Lagos Chamber of Commerce and Industry (LCCI) has identified inappropriate and unimplemented policies, as well as unfriendly business environment, as part of the reasons the refineries and other sectors of the economy have failed to attract the required investments. LCCI Director-General, Muda Yusuf,  said the policies and the environment ...

  • Senator Misau: Bringing Down The Image Of The Senate – By Olukayode Abayomi

    Definitely, these are not the best of times for the Nigerian Senate. This is because,  the most revered, honourable chamber and the highest law making organ of the Federal Republic of Nigeria, has been infiltrated by some elements who can best be described as ‘dishonourable, disgruntled and chronic liars’. They ...

  • Armed robbers dispense free fuel to motorists in Katsina

    Olaide Oyelude, Katsina Motorists along Katsina/Jibia road, on Saturday night, received free fuel at the Nigeria National Petroleum Corporation mega filling station located along the road from armed robbers who stormed the station and later cart away the day’s sales from the station. Eyewitnesses said the incident occurred about 8 ...

  • Presidential aide charges states to complement FG’s amnesty programmes

    The Coordinator, Presidential Amnesty Programme (PAP), Brig.-Gen. Paul Boroh has urged states in the Niger Delta region to come with up youth inclusiveness programme. Boroh made this call at the News Agency of Nigeria (NAN) Forum held in Abuja on Sunday. He said that the states should also ensure an ...

  • Hard times not over as recession ends in Q3

    The economic challenges facing Nigeria may not be over anytime soon according to economists, OYETUNJI ABIOYE writes Although the grueling economic recession is expected to end by the end of this quarter, better life may not be at the corner for Nigerians, according to economic and financial experts. The argue ...

  • Nigerians live in UK because you failed them, protesters reply Buhari

    TOFARATI IGE One of the conveners of the #ResumeOrResign protest, Deji Adeyanju, has said the inability of the President Muhammadu Buhari administration to provide a conducive environment and vibrant economy is what is driving youths out Nigeria. Reacting to the President’s call on the #ResumeOrResign protesters in London to return ...

  • EFCC freezes N8. 6b in ex-First Lady’s friend’s accounts

    •Shagaya sues Unity Bank, says accounts frozen without court order •Freeze: I have lost business goodwill, can’t pay N514m debts on chartered aircraft, Shagaya tells court •Unity Bank: Our hands are tied by the law The Economic and Financial Crimes Commission (EFCC) has frozen over N8, 627,458,773.36 billion in three ...

  • ‘Nigerian businesses need reformation to stimulate economic growth’

    In order to fulfill Nigeria’s potential of stimulating economic prosperity, a reformulation of the nation’s business paradigm both theoretically and experimentally must be achieved, says Dr.  Ayodele  Ibrahim Shittu.  Shittu, an expert in Entrepreneurship and Business Innovation Economics, who lectures in the Department of Economics, University of Lagos, whilst delivering the ...