• Nigeria Needs Broad Reforms To Revive Economy – IMF

    The International Monetary Fund (IMF) has observed that what Nigeria requires to address tremendous shocks holding its economy back is a broad set of policies and reforms. Director, African Department  of the fund, Abebe Aemro Selassie, noted that the fund’s engagement and discussions with Nigeria always was distilled to foreign ...

  • Airtel commences 4G service in Nigeria

    The Managing Director, Airtel Nigeria, Mr. Segun Ogunsanya, said on Saturday that the telecommunications company has rolled out Fourth Generation (4G) wireless mobile telecommunications technology in Nigeria. Ogunsanya said in a statement in Lagos that the roll out of the technology was in partnership with ZTE, a Chinese multinational telecommunications ...

  • Ooni, Alaafin, Alake, Soyinka, others advocate tourism devt

    Samuel Awoyinfa, Abeokuta As Nigeria’s earnings from oil continue to dwindle, the President Muhammadu Buhari-administration has been called upon to tap into the nation’s tourism potential, as it could become the veritable foreign exchange earner for the country. This call was made on Thursday by the Ooni of Ife, Oba ...

  • Forex: CBN creates FX window for investors, exporters

    Oyetunji Abioye The Central Bank of Nigeria on Friday established a foreign exchange window for investors and exporters tagged, “Investors and Exporters FX Window”. This came barely two weeks after opening a special foreign exchange window for the Small and Medium-scale Enterprises to enable them import eligible finished and semi-finished ...

  • Prospective couples to undergo HIV test in Kano

    Ted Odogwu, Kano Kano State Agency for the Control of Acquired Immune and Deficiency Syndrome, in partnership with the Kano Hisbah Board, has said that a new law would compel prospective couples to undergo Human Immunodeficiency Virus screening before marriage. In a statement signed by the Public Relations Officer of ...

  • Female Nigerian marries lesbian partner in US

    ‘We’d have been locked up in Nigeria’ Kunle Falayi A Nigerian lesbian woman, 53-year-old Moji Solar-Percy, walked down the aisle with her American ‘wife’ on Tuesday in the US, celebrating the freedom that she would not have had in Nigeria. Solar-Percy, a real estate mogul, runs a company, Solar Worldwide ...

  • Airtel Touching Lives Rescues Family With Lifeline

    Leading telecoms services provider, Airtel Nigeria has created awareness about ‘cerebrovascular accident’ commonly known as ‘stroke’ through the latest episode of its ground-breaking CSR initiative dubbed “Airtel Touching Lives.” The 10th episode of the show which aired last weekend focused on the heart breaking story of a family whose means ...

  • Nigeria has unacceptably low level of non-oil revenue – Adeosun

    The Minister of Finance, Mrs Kemi Adeosun, has advised Nigerians to focus on non-oil revenue growth, tax compliance and budget transparency to drive economic development‎ in the country. The minister gave the advice on Friday during a Finance Ministers’ meeting convened by the G24 Group at the ongoing IMF/World Bank ...

  • NIMASA boss elected Chairman, Association of African Maritime Administrations

    The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, was on Friday elected the new Chairman and President of the Association of African Maritime Administrations (AAMA). Alhaji Bashir Jamoh, the Executive Director, Finance of NIMASA and Chairman AAMA Conference Local Organising Committee, said this at a news ...

  • Nigeria can export tomato paste in 18 months — APEMAN

    Anna Okon The Agricultural Products and Equipment Manufacturers in Nigeria has stated that in 18 months, with the support of the Federal Government and effective implementation of the ban on importation of tomato paste, Nigeria will be able to produce enough tomato paste for local consumption and export. The President ...

  • NACCIMA to tackle challenges of doing business

    Anna Okon The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has said that its 57th Annual General Meeting scheduled to hold on Wednesday, May 24 will focus on “Ease of doing business in Nigeria: An impetus to economic recovery.” In a statement made available to our correspondent ...

  • Foreign donors dump expired products on religious bodies, NGOs –NAFDAC

    Anna Okon The National Agency for Food and Drug Administration and Control has raised the alarm that faith-based and charitable organisations in the country are victims of unscrupulous foreign donors who dump expired or banned products on them in the name of donations. The agency, which stated this at a ...

  • Olubadan reports deposed baales to police

    Olufemi Atoyebi, Ibadan The Olubadan of Ibadan land, Oba Saliu Adetunji, on Thursday, told the Deputy Inspector-General of Police, South-West, Foluso Adebanjo, that two deposed baales (chiefs) in Ibadan were taking the law into their own hands by using number plates bearing their former status and harassing people in their ...

  • Lagos seeks forex, interest rate convergence

    Lagos State Governor, Mr. Akinwunmi Ambode yesterday called for convergence in foreign exchange (forex) rates and  interest rates’ reduction. He also pushed for a deliberate strategy to force down inflation rate to single digit as a means of stabilising the economy and putting ailing businesses back on track. Ambode, who ...

  • IMF chief: Finance ministers holding talks on growth sustenance

    More than 150 Finance ministers are discussing ways to ensure that economic recovery and growth in their countries are sustained, International Monetary Fund (IMF) Managing Director Christine Lagarde said yesterday. Finance Minister Mrs Kemi Adeosun is among the discussants. The IMF projected that Nigeria’s economic growth will rise by 0.8 ...

  • Ngwuta arraigned at CCT

    The Federal Government yesterday arraigned Justice Sylvester Ngwuta of  the Supreme Court at the Code of Conduct Tribunal (CCT) on an eight-count charge of false declaration of asset. The Supreme Court justice was also accused of engaging in private business as a public officer. He was alleged to be trading ...

  • Naira Rises By 3.7% On Increased Dollar Inflow

    The value of the naira firmed at the parallel market yesterday after the Central bank of Nigeria pumped more dollars to the economy through the interbank and Bureau de Change ends of the foreign exchange market. The naira’s value rose by over 3.75 per cent to N385 per dollar yesterday, ...

  • PMB Appoints New Management For Nexim Bank

    President Muhammadu Buhari has approved the appointment of Abubakar Abba Bello as the new Managing Director of Nigeria Export-Import Bank (NEXIM). Also appointed are Dr. Bala Mohammed Bello as the Executive Director, Corporate Services and Stella Okotete as Executive Director, Business Development. A statement issued by the director of media ...

  • Aside PMB No Govt Arm Can Exonerate Self From Corruption – Ka’oje

    Hon Bala Ka’oje is a former minister of sports. In this interview with some journalists in Abuja, Ka’oje said only President Muhammadu Buhari can exonerate himself from corruption.  SUNDAY ISUWA was there for LEADERSHIP Friday. Sir, security, anti-corruption and revamping the economy have been President Buhari’s focus since he assumed ...

  • No medical screening, no marriage, Kaduna Assembly passes new law

    It is now unlawful to get married without undergoing medical screening in Kaduna State. This followed the passage into law, the Pre-medical Examination Bill 2017, by the State House of Assembly on Thursday. The law now compel would-be couple to undergo medical test to determine their health status and compatibility before marriage. The new ...

  • BREAKING: Buhari appoints Bello NEXIM Bank MD

    Friday Olokor, Abuja President Muhammadu Buhari has approved the appointment of Abubakar Abba Bello as the new Managing Director and Chief Executive of Nigeria Export-Import Bank. Others appointed for NEXIM Bank are Dr. Bala Mohammed Bello (Executive Director, Corporate Services) and Stella Okotete (Executive Director, Business Development). A terse statement issued in Abuja on Thursday evening with Ref. ...