• Dirty fuels in vehicles put millions of Nigerians in danger

    Millions of Nigerians are at the mercy of harmful emissions from vehicles as the country continues to import and produce fuel with high sulphur levels, ’FEMI ASU writes More than half of Nigeria’s 182 million people are often exposed to vehicular emissions, but Stephen Nwanga is one of the major ...

  • Salary fraud: Ganduje suspends director, nine others

    Ted Odogwu, Kano The Kano State Governor, Dr. Abdullahi Ganduje, on Monday ordered the immediate suspension of a director at the state’s Ministry of Finance and sacked no fewer than nine employees of the Ministry for Local Government over their alleged connivance to divert funds, running into millions of naira. ...

  • CBN keeps faith with forex utilisation

    • Rraw materials, machinery top users list In line with its determination to ensure seamless flow of activities in critical sectors of the economy, the Central Bank of Nigeria (CBN) has approved requests for foreign exchange valued at N1,003,373,891.75 through the inter-bank window to enable industries procure materials and machine ...

  • Outsourcing As Tonic For Economic Diversification

    It is a known fact that Nigeria’s economy is facing challenges, and all efforts, both by government activities and the private sector, are geared towards reversing the negative growth.  So it is only apt and imperative for countries to adopt tried, tested and certified efforts such as Business Process Outsourcing ...

  • Kaduna Killings: Troops Intercept 2 With Ammunitions In Southern Kaduna

    Troops deployed to maintain law and order in the troubled southern Kaduna area of Kaduna State have intercepted two men carrying ‎live ammunitions in Kagoma Chiefdom of the area. Meanwhile, the General Officer Commanding (GOC) 1 Mechanized Division of the Nigerian Army, Major General Adeniyi Oyebade has directed the immediate ...

  • Lagos will be third economy in Africa soon – Ambode

    Sesan Olufowobi Governor Akinwunmi Ambode on Saturday stated that one of his administration’s objectives was to propel Lagos State to the third largest economy in Africa. To achieve this, he said the administration would focus more on education, especially vocational training, adding that health facilities would be rehabilitated, while renewal ...

  • We don’t have forex to import aviation fuel — Marketers

    ’Femi Asu The scarcity of aviation fuel in Nigeria may be far from being over as oil marketers have said they do not have enough foreign exchange to import the product. The Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore, in an exclusive interview with our correspondent, ...

  • Seven major Internet of Things’ trends for 2017

    With  Ozioma Ubabukoh, 07053937947 oubabukoh@punchng.com If you could predict the future, how would you do things differently? When business decision makers in Nigeria and around the world, were polled recently, about 66 per cent of them said competition from digital start-ups was incentivising them to invest in Information Technology infrastructure ...

  • Microsoft, MainOne plan to improve SMEs’ productivity

    Ozioma Ubabukoh MainOne and Microsoft Nigeria have introduced a new product offering, SME-in-a-Box Pro, targeted at enabling the growth of the Small and Medium Enterprises in Nigeria. The SME-in-a-Box Pro offers SME business productivity tools from Microsoft such as Office 365 and Exchange Online, along with reliable broadband communications from ...

  • Ekiti promotes 15,772 workers, pays 2months salaries, Christmas bonus

    Gov. Ayo Fayose of Ekiti has given approval for the immediate promotion of 15,772 public servants in the spirit of Christmas, the News Agency of Nigeria (NAN) reports. A statement issued in Ado Ekiti on Sunday and signed by the Chief Press Secretary to the governor, Mr Idowu Adelusi, said ...

  • Lagos To Be Third Largest Economy In Africa Soon – Ambode

    Lagos State governor, Mr. Akinwunmi Ambode at the weekend  said frantic efforts were being made by his administration to lift  the state from its present fifth position to become the third largest economy in Africa. Ambode, who spoke at the Christmas Eve Dance organised by the Yoruba Tennis Club, said ...

  • Christmas: Nigeria needs divine guidance, says Buhari

    President Muhammadu Buhari on Saturday said the immediate priority of his administration was to alleviate poverty in the country. He said he planned to achieve this by stimulating the economy. Buhari disclosed this in his Christmas message to Nigerians made available to journalists. He assured Nigerians that the Federal Government ...

  • My top priority remains alleviating poverty, says Buhari

    • Seeks divine intervention to overcome challenges President Muham-madu Buhari insisted yesterday that his immediate priority is to alleviate the poverty of Nigerians by quickly stimulating the economy. He therefore urged citizens not to lose hope, but seek divine intervention for the nation to overcome its challenges. Buhari, in his ...

  • Recession: Not business as usual this Christmas

    For those in the business of buying and selling, especially during the Yuletide, the lingering economic recession assailing the country has taken the shine off the usual thrills associated with the festivities as the purchasing power of most Nigerians have been adversely affected, reports Ibrahim Apekhade Yusuf For the average ...

  • Christmas: Poverty alleviation, my immediate priority, says Buhari

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Saturday said the immediate priority of his administration was to alleviate poverty in the country. This, he said, he planned to achieve by quickly stimulating the economy. Buhari disclosed this in his Christmas message to Nigerians made available to journalists. He assured Nigerians ...

  • Nigeria’s economy will witness upturn in 2017 says Lawmaker

    A Lagos lawmaker, Mr Segun Olulade, says he is optimistic of a burgeoning economy early 2017 just as President Muhammadu Buhari had assured Nigerians of an end to economic contraction in the new year. Olulade, the Chairman, Lagos State House of Assembly Committee on Health Services, said in line with ...

  • Interbank rate jumps to 50% on CBN forex sales

    Oyetunji Abioye with agency report The overnight lending rate rose sharply to around 50 per cent on Friday, from an average of 4.5 per cent on Thursday, after the Central Bank of Nigeria debited commercial banks’ accounts for special foreign exchange sales. The CBN had on Monday asked banks to ...

  • Xmas: TUC Felicitates With Nigerians

    The Trade Union Congress of Nigeria has  felicitated with Nigerians on the occasion of birth of Jesus Christ. This was contained in a statement signed by the President General of TUC, Comrade Bobboi Bala Kaigama. ” The Congress appreciates the significance of this season because of the sacrifice involved; and ...

  • NSCDC Deploys 3000 Personnel To Kaduna

    Ahead of the Yuletide, the Kaduna State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has deployed no less than 3000 personnel to maintain law and order. The corps’ commandant in the state, Alhaji Modu Bunu, stated during a news briefing that “the state is still plagued by ...

  • Lagos, Kebbi Partnership On Lake Rice, Beginning of Nigeria’s Economic Recovery -Tinubu

    Former Lagos State governor and All Progressives Congress (APC) National stalwart, Asiwaju Bola Tinubu, has described the partnership between Lagos and Kebbi states, which produced Lake Rice, as the beginning of the country’s reconomic recovery. In the statement issued in Lagos on Saturday by Tinubu Media Office, the former governor ...

  • Forex scarcity: Naira may hit N500/dollar next week

    Oyetunji Abioye with agency report The naira is seen depreciating further and may hit the 500 mark to the United States dollar at the parallel market next week as the greenback scarcity persists and the Central Bank of Nigeria cuts supply to foreign exchange operators. The local currency was trading ...