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Nigeria
Stolen funds: Osinbajo, Sagay, Falana demand prosecution of complicit banks
Ade Adesomoju, Abuja Acting President Yemi Osinbajo, on Monday, debunked allegations of engaging in media trial often levelled against the Economic and Financial Crimes Commission and other law enforcement agencies. Osinbajo, a Senior Advocate of Nigeria, said the allegations of media trial were being sponsored by treasury looters in their ...
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Nigeria
How a white man influenced me to study Law – Dogara
Friday Olokor, Jos The Speaker of the House of Representatives, Yakubu Dogara, has explained that he ended up studying Law through the intervention and encouragement of a white man at the University of Jos. He therefore called on students pursuing a degree in Law to be steadfast and determined to ...
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Nigeria
Forex: CBN introduces new rules, naira closes at 367/$
Oyetunji Abioye The Central Bank of Nigeria on Monday introduced new rules into the interbank foreign exchange market. This came barely one week after the naira closed below 370/dollar on the parallel market. The rules were contained in a new circular tagged, “Further liberalisation of the interbank foreign exchange market,’’ ...
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Nigeria
African countries must cooperate to grow economy –SA Premier
’Femi Asu The Premier of Guateng, South Africa, David Makhura, has identified inter-African co-operation as critical to the economic growth of the continent. Makhura, who delivered a lecture on his visit to the Lagos Business School last Friday, critically examined the narrative of ‘Africa Rising’, according to a statement on ...
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Nigeria
Norway, Nigeria partner to digitise library books
Olaleye Aluko, Abuja The National Library of Norway has partnered the National Library of Nigeria to digitise books and other literary works produced in Nigerian indigenous languages. The Nigerian National Librarian, Prof. Lenrie Aina, announced this partnership in Benin, Edo State, while inaugurating a nationwide readership promotion campaign. He noted ...
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Nigeria
Nigeria’s debt rises by N7.1tn in two years
Everest Amaefule, Abuja The nation’s total indebtedness to foreign and local creditors now stands at N19.16tn, the Debt Management Office has said. This is N1.8tn increase from the N17.36tn recorded at the end of December 2016. As of March 31, 2015, the country’s total debt stood at N12.06tn. This means ...
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Nigeria
Fed Govt earns N611b from Onne Zonne
The Federal Government realised a whopping $2 billion ( about N611 billion) as revenue from the operation of the Onne Oil and Gas Free Zone, the Managing Director of Oil and Gas Free Zones Authority (OGFZA), Umana Okon Umana, has said. He spoke during the first session of the Nigeria ...
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Nigeria
Glo chief: SMEs backbone of economy
National telecommunications operator, Globacom, has restated its commitment to the growth of the Small and Medium Enterprises (SMEs) in the country, describing them as the economic catalysts for the leading nations of the world. The company said at the Nigerian-American Chamber of Commerce’s 2017 African Foods and Products Conference which ...
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USA
California judge: 2014 Gaza conflict was war
Legal battle over insurance for ‘Dig’ TV show dismissed before trial
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Israele
Israeli software company Perion rallies on partnership with Snapchat
Business in Brief | Spuntech brings back old CEO after profits fall to near zero ■ Sarona Market partners are still struggling to stem exodus of tenants ■ Tel Aviv shares and dollar end the day lower