• Woman gets 10 years for cocaine trafficking

    Oladimeji Ramon A 56-year-old woman and mother of four, Modinat Owolabi, was on Tuesday sentenced to 10 years’ imprisonment for cocaine trafficking. Owolabi was convicted by Justice Rilwan Aikawa of the Federal High Court in Lagos State. She was arraigned on one count by the National Drug Law Enforcement Agency. ...

  • NDLEA faults police arrest of drug dealers

    Afeez Hanafi The National Drug Law Enforcement Agency, Lagos State Command, has faulted the method of the state police command’s fight against drug abuse. The NDLEA Commander, Sulyman Aliyu, said the police had not carried along the agency in the clampdown on drug peddlers. Sulyman, during a visit to the ...

  • Embrace Sharia insurance scheme – Sanusi

    Ted Odogwu, Kano The Emir of Kano, Muhammadu Sanusi 11, has urged the Kano State government to insure all its vehicles, landed properties and other valuables with Jaiz Takaful Insurance, saying the firm’s activities are Sharia-compliant. While launching Takaful Insurance scheme in Kano on Tuesday, the royal father, however, warned ...

  • AfDB Refutes Calling Off Loans To Nigeria

    Says it strongly supports Nigerian Government’s economic recovery efforts By Ruth Tene Natsa, Abuja The African Development Bank (AfDB) yesterday debunked reports that it had “called off loans to Nigeria”. This is even as the Bank assures the Nigerian Government of its full support for its continued reforms to diversify ...

  • Release $308m Budget To Hospitals, Senate Tells FG

    BY SOLOMON AYADO and AHURAKA ISAH, Abuja Senate on Tuesday said it is worried over the poor health care system and inadequate maintenance of government owned hospitals in the country. To improve the worsening healthcare condition, the senate has mandated the federal government through Ministries of Finance and Budget to ...

  • Unemployment: Foreign multinationals To Face Sanctions Over Abuse Of Expatriate Quota

    BY SOLOMON AYADO and AHURAKA ISAH, Abuja For abusing continued abuse of expatriate quota, Senate yesterday mandated its Committees on Interior and Employment, Labour & Productivity to begin a serious probe of foreign multinationals in the country. The investigation, Senate has directed should be carried out through a public hearing, ...

  • Nigeria’s economic future in its hands – Queen of Netherlands

    By H.M. Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) In a small, rural community outside Kaduna, a woman is starting her day. Her business is selling produce. Of all the tools she uses, the most important is one that fits in ...

  • Ade-Ojo named icon of auto industry

    Rasheed Bisiriyu A foremost industrialist and automobile business legend, Chief Michael Ade-Ojo, is set to be honoured as an icon of the Nigeria’s auto industry. Ade-Ojo, who is the founder of Elizade Nigeria Limited and Chairman of Toyota Nigeria Limited, will be bestowed with the honour at the 2017 edition ...

  • NECA kicks against lawmakers’ interference in private enterprises

    Ozioma Ubabukoh The Nigeria Employers Consultative Association has said that the attack on enterprise rights by various committees and ad hoc committees of the House of Representatives is to blame for the death of many business outfits. The Director-General, NECA, Olusegun Oshinowo, said that there had been an increase in ...

  • Doctors denied promotion for 13 years –Lagos Medical Guild

    Bukola Adebayo Doctors employed by the Lagos State Government have, under the aegis of the Medical Guild, accused their employers of paying lip service to their welfare. According to them, many government-employed doctors have resigned due to the poor remuneration and victimisation. The Chairman of the Medical Guild, Dr. Saliu ...

  • KPMG holds digital summit, pegs investments at $1bn

    Ozioma Ubabukoh KPMG Nigeria has said that the KPMG Digital Summit 2017, which begins today (Wednesday), is intended to shed light on the future of digital finance and take stock of the country’s digital evolution. It said that the summit would also engage on emerging trends and market opportunities, and ...

  • Directors call for inclusive ERGP implementation

     Ozioma Ubabukoh The Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Yemi Kale, and his counterparts in the Institute of Directors, Nigeria, have urged Nigerians to be optimistic in the Federal Government’s Economic Recovery and Growth Plan, saying that the economy has begun to show signs of ...

  • World Bank ranking: Buhari commends Osinbajo, others 

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Tuesday commended the Presidential Enabling Business Environment Council chaired by Vice President Yemi Osinbajo over the improvement of Nigeria on the World Bank’s Doing Business latest rankings. In a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President commended the PEBEC ...

  • Queen Cerruti of Netherlands visits Ambode

    Governor Akinwunmi Ambode of Lagos State on Tuesday said the state would begin the implementation of Health Insurance Scheme in 2018 to make healthcare accessible to every resident, irrespective of financial status. The governor said this when Queen Maxima Cerruti of Netherlands and her entourage paid him a courtesy visit ...

  • BDCs take BVN validation, compliance to new heights

    Compliance with the foreign exchange (forex) rules is a task every stakeholder should take seriously. The Association of Bureaux De Change Operators of Nigeria (ABCON), in collaboration with the Nigeria Interbank Settlement System (NIBSS), organised sensitisation programmes for Bureaux De Change (BDCs) on the use and deployment of Bank Verification ...

  • NAFDAC, Traders To Partner In Fight Against Fake Products In Rivers

    BY ANAYO ONUKWUGHA, PORT HARCOURT The National Agency for Food and Drug Administration and Control (NAFDAC) and Rivers State Traders and Market Women Association (RSTMWA) has resolved to partner with each other to check the incidence of fake and counterfeit products in stores and market in Rivers State. That agreement ...

  • Experts begin second wave of polio outbreak response assessment in Nigeria

    Source: World Health Organization Country: NigeriaOther initiatives that continue to be strengthened include routine immunization, innovative disease surveillance activities and health communications.Abuja, 31 October 2017 - The polio Outbreak Response Assessment (OBRA) team with representation from the Global Polio Eradication Initiative (GPEI) partnership has started the second evaluation of the response ...

  • Nigeria:Emefiele Woos Global Investor-Community in London

    [Guardian] The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, at the weekend in London, urged global investors to come back to Nigeria, declaring that the country is ready for business.

  • Development bank releases N5bn to three MfBs

    Ifeanyi Onuba, Abuja The Development Bank of Nigeria, which was recently established by the Federal Government, on Monday commenced lending activities to the economy with the release of N5bn to three microfinance banks. The amount is for on-lending by the microfinance banks to 20,000 entrepreneurs operating in Micro, Small and ...

  • Rising foreign loans risky for exchange rate – IMF

    Oyetunji Abioye The International Monetary Fund says the Federal Government’s plan to refinance local loans with increased foreign loans may expose the economy to exchange rate risks. The Washington-based Fund said on Monday that Nigeria’s plan to raise fresh foreign loans to reduce debt servicing costs could elevate its exchange ...

  • Queen of Netherlands visits Nigeria

    The United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), Her Majesty, Queen Máxima of the Netherlands, is expected in Nigeria between Monday 30, October and Thursday 2, November 2017. The Dutch Queen is visiting Nigeria in her role as the United Nations Secretary-General’s Special Advocate for Inclusive ...