• FG Urges Dangote To Complete Refinery Before 2019

    By BAYO AMODU, Abuja And OLUSHOLA BELLO, CHIKA IZUORA, Lagos The federal government yesterday urged Alhaji Aliko Dangote to speedily complete work on his refinery project at Lekki free trade zone, in Lagos, saying it relies heavily on the refinery to fulfill its promise of ending fuel importation to Nigerians ...

  • Nigeria: Investor Apathy Continues to Trail Insurance Stocks

    [Leadership] Lagos -Equities listed on the insurance carriers, brokers and services' sub-sector of the Nigerian Stock Exchange (NSE) have continued to experience low patronage from investors who are turning most of them into penny stocks trading at par value, leadership can authoritatively report.

  • Without integrity, you are a few steps away from ruining yourself — Dipo Faulkner

    Dipo Faulkner is the Country General Manager, IBM Nigeria. In this interview with BUKOLA BAKARE, he talks about his job, the role of information technology in shaping the economy, and his family You took over the reins of leadership as Country General Manager of IBM last September, what are your ...

  • Plans to remove Lagos danfo commendable —Esan

    The Chief Executive Officer, African Business and Engineering Management Limited, Oluwafemi Esan, talks to TOBI AWORINDE about his career Please, can you give a brief introduction of yourself? My experience as a student and professional spans 42 years. I hold a Master of Business Administration and Master of Technology Management ...

  • Stakeholders Seek Quick Passage Of Fertiliser Bill, Funding

    BY BODE GBADEBO, Abuja Stakeholders in the fertiliser value chain have called on the National Assembly to ensure the speedy passage of the National Fertiliser Quality Control Bill into law even as they also advocated for immediate assent by President Muhammadu Buhari for implementation of the law. This, according to ...

  • Foundation Urges Media Organisations To Avoid Promotion Of Hate Speeches

    By Sunday Isuwa, Abuja A nongovernmental called Nation 1st Foundation, NFF, Sunday, urged media organisations in the country to avoid promotion of hate speeches on their platforms. Expressing dismay on the ongoing war of hate speeches from personalities, socio-political leaders, politicians, groups, religious and regional leaders, the National Coordinator, NFF, ...

  • Customs seize contraband goods worth N327bn

    Gibson Achonu The Nigeria Customs Service, Federal Operations Unit, Zone “C”, Owerri said it made a number of seizures with a Duty Paid Value of N372,233,523 and underpayments of N12,040,949 in June 2017. The NCS said the figure was an indication of a remarkable increase in the revenue generated in ...

  • CBN dollar flow, foreign investors to support naira

    Oyetunji Abioye with agency report The naira is forecast to trade in a narrow range in the coming days, and is expected to get support due to dollar inflows from the Central Bank of Nigeria and offshore investors. The local currency was quoted at 364/dollar on the black market on ...

  • Foreign investments rose by 45% last year — Report

    Ife Ogunfuwa Foreign Direct Investment to Nigeria rose to N4.4bn in 2016 despite the contraction of the economy and general decline in investment in Africa. This amounted to an increase by 45 per cent from N3.1bn total foreign investment recorded in 2015, findings by the United Nations Conference on Trade ...

  • Herdsmen lobby northern govs over grazing bill

    Hindi Livinus The Miyetti Allah Breeders Cattle Association of Nigeria has said recent clashes experienced in Taraba and Kaduna states were stoked by religious and ethnic differences. The National Secretary of the association, Othman Ngelzarma, speaking at the launch of a pilot workshop organised by the Nigerian Incentives-based Risk-sharing Systems ...

  • Presidente de Panamá solicita a la FAO apoyo hacia las comarcas indígenas

    Source: Food and Agriculture Organization of the United Nations Country: Panama60% de la población indígena padece hambre. FAO ha articulado con el Ministerio Agropecuario de Panamá un proyecto para fortalecer la seguridad alimentaria y nutricional de estas comunidades.En mi reciente visita el Presidente Varela me hizo una única pero importante petición Por ...

  • UNHCR seeks additional support to respond to the Nigeria situation

    Source: UN High Commissioner for Refugees Country: Cameroon, Chad, Niger, NigeriaThe supplementary appeal for an additional US$9.5 million is as a result of an unexpected surge in self-organized returns of Nigerian refugees mainly from Cameroon. At a glance 3.7 million people of concern as of end of June 2017 UNHCR is responding ...

  • Fidelity Bank to boost earnings with Visa partnership

    Stanley Opara Aside from its resolve to promote financial inclusion in Nigeria, Fidelity Bank Plc says it is targeting increased earnings following its partnership with the world largest payment network, Visa, on its mVisa new payment solution. mVisa  is the first mobile payment solution that will operate through the use ...

  • ‘Law faculties overshooting admission quota will be sanctioned’

    Ade Adesomoju, Abuja The Director General of the Nigerian Law School, Dr. Olanrewaju Onadeko (SAN), says any Law faculty, which admits students above the stipulated quota by the Council of Legal Education, risks losing its accreditation. Onadeko said this in his speech at the recent Call to Bar of students ...

  • Customs service dismantles illegal check points

    The Comptroller-General of Customs, Col. Hameed Ali (retd), has directed the immediate dismantling of all illegal check points in the country. Ali announced this in a statement by the Service Public Relations Officer, Mr Joseph Attah, on Wednesday in Abuja. Attah said that the CGC directives were in line with ...

  • Reps reject NHIS’ 2017 budget over suspension of executive secretary

    John Ameh, Abuja The House of Representatives on Wednesday rejected the 2017 budgetary proposals of the National Health Insurance scheme over the raging crisis on the suspension of the Executive Secretary of the agency, Prof. Yusuf Usman. The House and the Minister of Health, Prof. Isaac Adewole, had been on ...

  • Odegbami’s housekeeper arraigned for theft of jewellry, others

    Rose Patrick, the 25-year-old housekeeper of Mrs. Oyindamola Odegbami, wife of ex-Green Eagles captain, Segun Odegbami, was on Wednesday arraigned before an Ikeja Magistrate Court for allegedly stealing N150 million worth of jewellry. She was arranged alongside the complainant’s driver, Mohammed Abdulazeez, 26, and one Esther Pam, before Magistrate Y.O. ...

  • Bill on NSE restructuring passes second reading

    Leke Baiyewu, Abuja A bill seeking to allow the re-registration and conversion of the Nigerian Stock Exchange from a company limited by guarantee to a public limited company by shares passed the second reading at the Senate on Tuesday. Sponsor of the bill, otherwise called the De-mutualisation Bill, Senator Foster ...

  • Promoting sweet potato business

    The Federation of Agricultural Commodities Association of Nigeria (FACAN) is promoting sweet potato flour as a viable business. The project is expected to be a source of income for the unemployed, civil servants and retirees. DANIEL ESSIET reports. The Federation of Agricultural Commodities Association of Nigeria (FACAN) is exploring a ...

  • Citing Economic Headwinds, CBN Holds Interest Rate At 14%

    By MARK ITSIBOR, Abuja and BUKOLA IDOWU and KAYODE TOKEDE, Lagos The Central Bank of Nigeria (CBN) yesterday retained the nation’s monetary interest rate at 14 per cent, citing headwinds confronting the domestic economy on one hand and the uncertainties in the global environment on the other as reasons for ...

  • MPC: FX rate crashes as Naira appreciates

    Few hours after the CBN announced the outcome of its Monetary Policy Committee meeting, the exchange rate crashed at the parallel market as the Naira further appreciated against the dollar. The Nigerian currency gained two points to trade at N363 to the dollar on Tuesday at the parallel market in ...