• How Nigeria, others can tackle corruption, by IMF, Okonjo-Iweala

    Oyetunji Abioye, Washington DC, United States The Managing Director of the International Monetary Fund, Christine Lagarde; a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, and key global experts have advised Nigeria, Argentina and other top countries battling corruption to use tools that can help reduce procurement costs by about 60 ...

  • MDs forged NNPC documents to defraud partner, says EFCC

    Oluwatosin Omojuyigbe The Economic and Financial Crimes Commission on Monday arraigned two Managing Directors- Epebinu Omoniyi of Pure Pack Oil Nigeria Ltd and Adekanbi Adedayo of First Hallmark Energy Ltd for forging Nigerian National Petroleum Corporation documents and defrauding a business partner of N3m. They were both arraigned on eight ...

  • Uber announces Lola Kassim as new GM for West Africa

    Uber has announced the appointment of Lola Kassim as its new General Manager for West Africa. Lola worked as a Management Consultant with McKinsey and Company where she led teams providing strategic business advice and implementing organizational and operational improvements in the energy, public, and financial services sectors in West ...

  • Hub humanitario panameño entrará en operaciones en el 2018

    Source: Government of Panama Country: PanamaEl proyecto del Centro Logístico Regional de Asistencia Humanitaria (CLRAH) ha avanzado en un 64% y su fecha de entrada en operaciones está programada para abril de 2018, según las entidades encargadas del proyecto.El Ministerio de Relaciones Exteriores convocó la IX Reunión de la Junta Directiva ...

  • Nigeria:World Bank - We Have Over $8.5bn Investments Scattered Across Nigeria

    [This Day] World Bank Group said it has an investment portfolio of about $8.5 billion scattered across states and regions in Nigeria.

  • Incêndios: Chamas provocam "alguns danos materiais" em resort do Grupo Visabeira

    As chamas que lavram hoje no concelho de Mortágua provocaram "alguns danos materiais" numa unidade hoteleira do Grupo Visabeira, mas não causaram qualquer ferido, informou o diretor das Relações Públicas do Grupo Visabeira, José Arimateia.

  • Grenadines woos investors to Nigeria’s real estate industry

    Maureen Ihua-Maduenyi Property developer, Grenadines Homes, has unveiled a programme to attract foreign investors to the country with investment options for part-ownership in The Oceanna. The Group Managing Director, Palton Morgan Holdings, parent company of Grenadines Homes, Mr. Adeyinka Adesope, said the hotel segment of The Oceanna had been opened ...

  • How gunmen killed three NDLEA men in Kogi

    Gbenga Odogun, Lokoja with agency report Three operatives of the National Drug Law Enforcement Agency have been shot dead by unidentified gunmen in Okene. The News Agency of Nigeria reports that the Commandant of the NDLEA in Kogi State, Alhaji Idris Bello, told journalists on Sunday in Lokoja that the ...

  • Does CBN fund govt deficit with Treasury Bill auctions?

    Henry Boyo “My brother, Nigeria is managing debt not wealth, because a big hole was dug in her pocket after the jamboree called FESTAC ‘77. The TB (Treasury bill) is government borrowing to finance the deficit. If you understand public finance well, you will know it is the function of ...

  • We must borrow more to deliver infrastructure —Adeosun

    Oyetunji Abioye, Washington DC The Minister of Finance, Mrs. Kemi Adeosun, on Sunday, said the nation must borrow more in the short term to deliver critical infrastructural projects such as roads, rail and power. According to her, Nigeria currently has one of the lowest debt-to-Gross Domestic Product figures in the ...

  • Evans: police took my N55m, $10,000, 29 vehicles, others

    •He is lying, say police Alleged billionaire kidnap kingpin Chukwudumeme Onwuamadike (a.k.a. Evans) has accused seven senior police officers and others on the Inspector-General (IG) Intelligence Response Team of extortion and sexual assault. He alleged that the investigators forcibly obtained his cash in local and foreign currency, phones, wrist watches, jewelry, ...

  • ALGON, 16 foreign partners to create 5.9m jobs from new agriculture scheme

    As part of steps to boost agriculture in the country, the Association of Local Government of Nigeria(ALGON) and 16 foreign partners and institutes are expected to float a new scheme which will create 5,959, 800 jobs nationwide. The scheme will lead to the generation of 7,700 jobs in each of ...

  • Blue economy, electricity supply, others dominate economic summit

    The 23rd Nigerian Economic summit has come and gone. But the issues at the summit, such as blue economy, agriculture and others, must be taken serious by the Federal government for its diversification drive to make meaning, writes NDUKA CHIEJINA. Nigerian Maritime Administration and Safety Agency (NIMASA) Director-General Dr. Dakuku ...

  • Fed Govt borrowing to save jobs, says minister

    More credit lines coming for banks Nigerians in Diaspora to borrow from home The Federal Government’s desire to borrow more funds from international creditors is to prevent job losses, Finance Minister Kemi Adeosun has said. Mrs. Adeosun, who spoke yesterday at a joint press conference with the Governor of the ...

  • “Why We Launched Roll Back Malaria Programme in Bayelsa”

    Osa Okhomina,Yenagoa Chevron Nigeria Limited and Nigerian National Petroleum Company (NNPC joint Venture partnership yesterday offered reasons why the Roll Back Malaria programme was initiated and flagged off in the Igbogene community of Yenagoa Local Government Council area of Bayelsa State. The programme, according to the Chevron/NNPC joint venture, is ...

  • Evans: Police took my N55m, $10,000, 29 vehicles, others

    Accused kidnap kingpin, Chukwudumeme Onwuamadike, a.k.a. Evans, has accused seven senior police officers and others on the Inspector-General of Police (IGP) Intelligence Response Team of extortion and sexual assault. He alleged that the investigators forcibly obtained his cash in local and foreign currency, phones, wrist watches, jewellery, television, cars and ...

  • Ebun Peter: NDLEA’s multi-talented officer killed in Kogi

    One of the three officers of the National Drug Law Enforcement Agency (NDLEA) killed in Kogi state last Friday was Ebun Peters, a multi-talented 41-year old man. Apart from his job, he was a photographer, hunter, choirmaster of the local Catholic Church and a frontline role player in community affairs. ...

  • Mum struggled to train us, now she won’t reap the fruit of her labour — Son of drowned policewoman

    Emmanuel Obaseki is son of a policewoman, Mary Adesoba, who drowned in Lagos lagoon after a boat she was travelling in capsized. He talks with MOTUNRAYO JOEL about his late mother Tell us about yourself. I studied banking and finance at the Osun State College of Technology. I am also ...

  • President Buhari’s Midterm Report: CBN Takes The Cake

    BY Magnus Onyibe Being a farmer himself, it was easy for President Muhamadu Buhari to spot the fact that the Central Bank of Nigeria, CBN Anchor Borrowers Program has been making waves by having massive impact on the farming sector across the country and by extension helping in lifting up ...

  • Inadequate Infrastructure Retarding Growth In Textile Industry – MAN

    OLAJIDE FABAMISE, Lagos Inadequate infrastructure, especially power, has sent many textile industries into oblivion since they cannot operate at high cost of production and remain in business. But the Manufacturers Association of Nigeria (MAN) has proffered solutions to how the economic situation in the sector can be improved. Previous administrations ...

  • Poor Ship Financing: Nigeria May Lose Out From Africa’s $2.7trn Freight Earnings

    By YUSUF BABALOLA, Lagos Unless Nigeria’s shipping sector is resuscitated or over $100 million in the Cabotage Vessel Finance Fund (CVFF) is disbursed to ship owners who met the requirements, the country may lose out from the $2.7 trillion freight earnings, which is anticipated from Africa by the year 2020. ...