• Forum exposes Nigeria’s poor preparation for non-oil exports

    Anna Okon A recent meeting in the United States held under the auspices of Civil Society Network on African Growth Opportunities Act exposed the poor preparation of Nigeria for the diversification of its economy along the non-oil export sector. The President, Nigerian-American Chamber of Commerce, Chief Olabintan Famutimi, gave the ...

  • Cynthia: Court forecloses defendant’s right to file final address

    After several delays in the ongoing trial of suspected killers of Cynthia Osokogu, a Lagos high court Thursday closed the right of the second defendant, Ezike Olisaeloka, to file his final written address. The trial judge, Justice Olabisi Akinlade, said the order became necessary in the interest of justice and rule of law. Cynthia Osokogu was murdered on July 22, 2012 at Cosmilla Hotel, ...

  • Customs impounds N1.95b worth of contraband goods

    Nigeria Customs Service, NCS, Federal Operations Unit, FOU, Zone C, Owerri has recorded a total of 231 seizures of contraband items with Duty Paid Value, DPV, of N1,957,529,375 in the third quarter of the year. This is in contrast to the 379 seizures with a DPV of N2,224,245,797 impounded in 2015. Speaking to newsmen in Owerri, the Imo State capital, Customs Area Controller, Haruna Mamudu, said the underpayment ...

  • $13.9bn transfer: Senate summons MTN, banks

    Leke Baiyewu, Abuja The Senate has summoned the management of MTN Limited, their bankers and some businessmen over alleged violation of the Foreign Exchange (Monitoring and Miscellaneous) Act. They are to appear before the Senate Committee on Banking, Insurance and Other Financial Institutions next week. The Senate had begun a ...

  • BREAKING: Senate extends JAMB result’s validity to three years

    Leke Baiyewu, Abuja The Senate on Thursday passed the amendment to the law establishing the Joint Admissions and Matriculation Board. The law now extends the validity of the result of the board’s examination from one year to three years. Details later… The post BREAKING: Senate extends JAMB result’s validity to three ...

  • FG to release expenses template for MDAs

    The Office of Accountant General of Federation (OAGF) is in the process of releasing a template on appropriate expenses for federal government Ministries Departments and Agencies (MDAs). This is to sustain the current effort of making state owned enterprises productive and accountable. Minister of finance, Kemi Adeosun made this disclosure ...

  • Govt flags off independent power supply in 40 federal varsities

    The Federal Government in conjunction with the German Energy Partnership Project on Thursday formally flagged off its independent power supply initiative to all the 40 federal universities in the country with the Ground-breaking ceremony of a 10-Mega Watts Solar Power Plant at the University of Ibadan. Performing the ceremony on ...

  • Buhari directs EFCC to release N10b recovered fund to NBC

    President Muhammadu Buhari has directed the Economic and Financial Crime Commission (EFCC) to release the N10 billion recovered loot to the National Broadcasting Commission (NBC). The fund was part of the proceeds from the sales of spectrum made by the past administration which was diverted. NBC Director General, Mr. Modibbo Kawu ...

  • Recession: FG targets N19bn savings from travels, sitting allowances

    Everest Amaefule, Abuja As part of measures to tackle the challenges of recession, the Federal Government is implementing cost cutting measures that would save about N19bn in expenses previously made on travels and sitting allowances. Minister of Finance, Mrs. Kemi Adeosun, disclosed this while speaking at a Cost Management Workshop ...

  • Ricardo Lagos elogió a Juan Manuel Santos: “Es la primera vez que América latina derrota a la guerrilla sin intervención de una potencia extranjera”

     

  • CBN directs banks to intensify financial inclusion drive

    The Central Bank of Nigeria, CBN, has said there was the need for banks operating in the country to improve on their financial literacy drive at the grassroots in line with the financial inclusion agenda and by so doing, contribute more to the economy’s growth. Giving the charge while briefing ...

  • Huawei invest $6m in Nigeria

    Chinese telecoms vendor company, Huawei Technologies Nigeria Limited, said it had invested about $6 million into driving the usage of cloud technology in the country as part of its efforts of increasing its presence in the economy. The Managing Director of the company, Mr. Frank Li, disclosed this during the ...

  • Creativity, key to driving high return on investment –Experts

    Campaign creativity and sensitivity to consumer behaviour have been identified as key marker in driving high return on investment for firms embarking on marketing campaign for brands. This was discussed in a oneday conference organized by MiIward Brown Kantar TNS in Lagos, recently. Speaking on the report, Global Brand Director ...

  • Economía.- Bonet afirma que España recuperará el impulso económico con un nuevo Gobierno que sea estable

    BRUSELAS, 13 (EUROPA PRESS) El presidente de la Cámara de Comercio y de Freixenet, José Luis Bonet, ha afirmado este jueves que España recuperará el impulso económico con un nuevo Gobierno que sea "estable", al mismo tiempo que ha asegurado que 2016 será "un muy buen año" en ...

  • Bonet afirma que España recuperará el impulso económico con un nuevo Gobierno que sea estable

    El presidente de la Cámara de Comercio y de Freixenet, José Luis Bonet, ha afirmado este jueves que España recuperará el impulso económico con un nuevo Gobierno que sea "estable", al mismo tiempo que ha asegurado que 2016 será "un muy buen año" en materia de crecimiento y de empleo.

  • CBN to bar errant bank customers from forex market

    …Banks have strong capital buffers, says CBN Oyetunji Abioye The Central Bank of Nigeria on Wednesday raised concerns about what it called the indiscriminate and suspicious manner some bank customers were spending dollars and other foreign currencies abroad through their naira debit cards. Consequently, the regulator said it had through ...

  • SMEDAN, NICON sign MoU on insurance cover

    Nike Popoola The Small and Medium Enterprises Development Agency of Nigeria has signed a Memorandum of Understanding with NICON Insurance Limited to boost the Federal Government’s diversification agenda through the empowerment of the informal sector. In a statement on Wednesday, the company said the decision was aimed at boosting the ...

  • IFAC advises ANAN on economic growth

    The International Federation of Accountants has tasked the Association of National Accountants to use its available manpower to grow the Nigerian economy. The President, IFAC, Mrs. Olivia Kirtley, said this on Wednesday in Abuja at a breakfast meeting with the President of ANAN, Mr. Anthony Nzom; Chairman, Economic and Financial ...

  • Senate to review tax laws

    Rasheed Bisiriyu The Senate says it will work to streamline the nation’s multiple taxes in order to improve the ease of doing business. The Senate President, Dr. Bukola Saraki, gave this indication while speaking at the 22nd Nigerian Economic Summit in Abuja. According to him, Nigeria’s corporate taxation system needs ...

  • NDLEA arraigns deaf and dumb man for peddling marijuana

    Ramon Oladimeji the National Drug Law Enforcement Agency on Tuesday arraigned a 23-year-old deaf and dumb man, Abass Hamed, for allegedly dealing in cannabis sativa, popularly called marijuana. Hamed was arraigned before Justice Jude Dagat of a Federal High Court in Lagos where the one count levelled against him was ...

  • EFCC declares Goodie Ibru wanted for alleged capital market fraud

    The Economic and Financial Crimes Commission (EFCC) yesterday declared a business mogul, Mr. Goodie Ibru wanted over alleged capital market fraud. It was gathered that the anti-graft agency is after Ibru over alleged lingering crisis on shares in Ikeja Hotels Plc. According to a statement by the Head of Media ...