• 80% free trade zones in Nigeria dormant – AFZA

    Okechukwu Nnodim, Abuja  About 80 per cent of the approved free trade zones in Nigeria are dormant as no business activity is being run in them, the Africa Free Zones Association, has said. AFZA, an umbrella association for free trade zones on the continent, stated that out of the 38 ...

  • Geospatial technology’ll grow Nigeria’s economy by $3bn – British govt

    Okechukwu Nnodim, Abuja  The Ordnance Survey of Great Britain has said Nigeria will grow its economy by $3bn through the adequate deployment of geospatial technology. Geospatial technology refers to all of the technology used to acquire, manipulate, and store geographic information. The surveying arm of the United Kingdom further stated that with ...

  • Supreme Court voids law empowering governors to sack LG chairmen, councillors

    THE Supreme Court yesterday voided laws enacted by the states’ Houses of Assembly which allow governors to sack elected Chairmen of Local Governments and Councillors and replace them appointed administrators. It has of recent become a tradition among governors to dissolve the Executive Councils of the states’ LGs and replace ...

  • SB: Leading The Band Business Category

    If you are a party lover residing in the mainland axis of Lagos, you must have heard of the popular band, SB Live or the band leader, Seun Bankole also known as SB. From the days of playing at Troy, a then popular hangout lounge in Ogba to becoming the ...

  • Trenta persone sono morte in un attacco suicida a Madagali, in Nigeria

    Trenta persone sono morte in un attacco suicida a Madagali, in Nigeria. Due donne si sono fatte esplodere nel mercato della città venerdì 9 dicembre. Nessuno ha ancora rivendicato l’azione, ma le autorità nigeriane sospettano il coinvolgimento del gruppo jihadista Boko haram.

  • UN General Assembly demands immediate end to hostilities in Syria

    Source: UN General Assembly Country: Syrian Arab RepublicIn a resolution adopted today as speakers decried the Security Council’s continued impotence, the GA also demands unconditional humanitarian access and action by all warring parties to protect civilians.GA/11871 GENERAL ASSEMBLY PLENARY SEVENTY-FIRST SESSION, 58TH & 59TH MEETINGS (AM & PM) Exposing deep ...

  • Recession: Nigeria has never had it so bad – Ajibola

    Samuel Awoyinfa, Abeokuta A former Judge of the International Court of Justice, Hague, Prince Bola Ajibola, has decried the present state of the nation’s economy and urged members of the National Assembly to tackle the current economic realities through the on-going constitutional amendment process. He said this on Friday in his ...

  • FG unveils N13bn housing scheme for civil servants

    Ifeanyi Onuba, Abuja The Federal Government on Friday inaugurated a N13bn  mortgage refinancing scheme for federal civil servants. The Minister of Finance, Mrs Kemi Adeosun while launching the scheme stated that a total of 5,635 civil servants would benefit from the scheme under the first phase. She said the government ...

  • Why Nigeria needs special court for corruption cases -Senator

    Olalekan Adetayo, Abuja The Chairman of the Senate Committee on Works, Senator Kabir Gaya, on Friday said he decided to sponsor a bill for the establishment of special courts to try corruption and money laundering cases because of the delay such cases are currently experiencing in regular courts. Gaya spoke ...

  • Nearly a quarter of the world’s children live in conflict or disaster-stricken countries

    Source: UN Children's Fund Country: WorldAn estimated 535 million children live in countries affected by conflict or disaster, often without access to medical care, quality education, proper nutrition and protection, UNICEF said.The new figure is a stark reminder of why UNICEF was established, as the organization marks 70 years of work ...

  • Nigeria: 'How Improved Savings Can Stimulate Stock Market Investment'

    [Guardian] Capital market experts have urged government to promote national savings culture through the provision of appropriate incentives for more patronage by retail investors' and increased stock market investment.

  • House wants President, govs to appoint cabinet within 60 days

    Leke Baiyewu, Abuja As part of the recommendations of the Senate Committee on Conditional Review on the 1999 Constitution, local government areas without democratically elected executive will not have a share of the monthly Federal Allocation. The amendments, if passed into law, will also compel the president or governor to ...

  • ‘Igbo value a peaceful Nigeria’

    Governor  Okezie Ikpeazu of Abia State has said that if there is any group in Nigeria, in need of peace, it is the Igbo, who are found in all parts of the country doing business. Ikpeazu made the remark when he received the Chief of Army Staff, Lt. Gen. Tukur ...

  • FG’s borrowings targeted at infrastructure projects – Udoma

    Ifeanyi Onuba, Abuja The Minister of Budget and National Planning, Senator Udo Udoma, on Thursday said that the borrowings of the Federal Government would be used to fund critical infrastructure projects across the country. He said this during a meeting with the Assistant Secretary for Multilateral Affairs of the Trade ...

  • Emuwa wants full implementation of disability law

    Motunrayo Joel The Chairman, Golden Hearts Touching Lives Initiative, Mrs. Angela Emuwa, has called on the government to ensure the full implementation of the provisions of the Lagos State Disability Law for the benefit of those whose lives depend on it. Speaking at an annual Christmas party/medical outreach, organised for ...

  • DMO raises N1.18tr to fund economy

     The Debt Management Office (DMO) says it has raised the entire N1.18 trillion domestic component of the 2016 approved borrowing to fund the economy this fiscal year. Addressing members of the Senate Committee on Local and Foreign Debts, the Director General of the DMO, Dr Abraham Nwankwo, said by raising ...

  • Ongoing conflicts continue to intensify food insecurity, FAO says

    Source: Food and Agriculture Organization of the United Nations Country: Afghanistan, Bolivia (Plurinational State of), Brazil, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Congo, Democratic People's Republic of Korea, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Guinea, Haiti, Iraq, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mozambique, Myanmar, ...

  • Nigeria has over 22 million unregistered electricity consumers

    Ihuoma Chiedozie, Enugu Nigeria currently has over 22 million unregistered electricity consumers, Director General of the National Power Training Institute of Nigeria, Engr. Rueben Okeke, said on Thursday. Okeke made the disclosure while speaking on the topic ‘Science and technology challenges in a depressed economy’ at the 4th Professor Barth ...

  • Wema Bank opens new branch in Abuja

    ’Femi Asu Wema Bank Plc has announced the opening of a new branch in Abuja as part of its strategic expansion following a national licence granted the bank by the Central Bank of Nigeria in 2015. The lender, in a statement on Wednesday, said the new branch would strengthen its ...

  • First Bank, Eventful partner to drive food economy

    ’Femi Asu First Bank of Nigeria Limited has reaffirmed its commitment to economic diversification through support for the business, art and entertainment of food across all sectors of the economy. The bank, in a statement on Wednesday, announced the partnership with Eventful Limited, an event management company, to host another ...

  • Restructuring of aviation agencies’ll boost GDP – Sirika

    Okechukwu  Nnodim, Abuja The ongoing restructuring that led to the dismissal of many workers in different aviation agencies will help the sector increase its contribution to Nigeria’s Gross Domestic Product, the Minister of State for Aviation, Senator Hadi Sirika, has said. According to him, the restructuring in the aviation sector ...