• Why Buhari must borrow $30bn – Odigie-Oyegun

    John Alechenu, Abuja The National Chairman of the All Progressives Congress Chief John Odigie-Oyegun has said the President Muhammadu Buhari-led administration is left with no option than to borrow to revive Nigeria’s ailing economy. Buhari’s plan to borrow an estimated US$29.9bn from foreign lenders has been rejected by the Senate and ...

  • BBOG wins Argentine rights award

    Adelani Adepegba , Abuja The Government of Argentina has awarded the #BringBackOurGirls movement the International Human Rights Prize ‘Emilio F. Mignone’ for work in advocacy towards respect for human rights worldwide. A statement on Monday in Abuja by the BBOG spokesman, Sesugh Akume, said the award ceremony would take place on Tuesday at ...

  • Creative industry has potential to boost economy, says minister

    The Minister of Information and Culture, Alhaji Lai Mohammed, has urged stakeholders in the culture sector to use the creativity in the industry to boost the country’s economy. Mohammed gave the advice at the opening of the Boat regatta display as part of activities marking the ongoing Abuja National Carnival. ...

  • Nigeria To Witness Economic Boom In 2017 If… – Expert

    A University don, Dr Remi Mudepin, has said that the Nigerian economy will regain its strength for businesses to flourish in 2017 if the government could sustain its current economic policies with sincerity of purpose and focus. In a telephone chat with LEADERSHIP on Monday, Dr Remi, an economist and lecturer ...

  • Nigeria: ABCON Seeks to Engender Investors' Confidence in Forex Market

    [Vanguard] Association of Bureaux De Change Operators of Nigeria (ABCON) has said that it is committed to deepening professionalism among bureaux de change operators in order to engender foreign investors' confidence in the Nigerian foreign exchange market.

  • Nigeria: Axa Mansard Pensions Maintains Top Position On Returns On Investment

    [Vanguard] Management of Axa Mansard Pensions Limited has said that the company has maintained a top five industry position on returns on investment in the last four years as at December 2014. Assistant General Manager, Business Development, Naomi Aduku who stated this during a media parley at the company's office ...

  • Nigeria: Kidnapping Scaring Foreign Investors From Nigeria - -NGE

    [Vanguard] Yola -The Nigerian Guild of Editors, NGE, has expressed concern over the upsurge in kidnapping across Nigeria, which has become a national menace that is negatively impacting on the social and economic life of the country.

  • Lagos oilfield investors row over cash call deal

    A few weeks after investors shared the first income from the Aje oil field, offshore Lagos, a dispute has arisen among the partners, calling the future of the project into question, ’FEMI ASU writes Several weeks after the sharing of the income from the first export from the Aje oil ...

  • We’re not allocating dollars, says CBN

    ’Femi Asu The Central Bank of Nigeria says it is not allocating United States dollars as it has set up an interbank foreign exchange market for anyone interested in buying the greenback through Deposit Money Banks. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, said this in an emailed ...

  • Attijariwafa Bank, UBA sign MoU

    Two African leading banking groups – Attijariwafa Bank and United Bank for Africa (UBA) Plc – have signed a Memorandum of Understanding (MoU) to strengthen their collaborative efforts in correspondent banking, investment funding, trade finance and project finance on the continent. The framework document, which outlines key areas of cooperation ...

  • No unilateral dollar allocation, says CBN

    The Central Bank of Nigeria (CBN) has denied reports that it allocates dollars unilaterally. Its  Director, Corporate Communications Mr. Isaac Okoroafor, in a statement at the weekend in Abuja, decried the way some Nigerians chose to disparage those in leadership in total insensitivity to the larger interests of the country’s ...

  • Gidi Blues to screen at Lagos under the Lens

    In partnership with Freedom Park Film Club, The directorate of the Lagos @50 Creative Task Force will be launching a new programme, Lagos under the Lens, the film component of the on-going celebration of LAGOS AT 50, tomorrow. Designed to provide opportunity for the motion picture industry to also celebrate ...

  • How sanction on MTN is affecting agencies

    These are not the best of times for various agencies in the marketing communications industry. They are grappling with paucity of funds to execute marketing campaigns. Besides, the ongoing regulatory crisis facing telecoms giant MTN Nigeria may have added a scary dimension to agencies’worries, ADEDEJI ADEMIGBUJI reports. Sometime last year, ...

  • Rice farmers seek total ban on sale of foreign rice

    Rice farmers have urged state governments to follow the footstep of Ebonyi and ban the sale of foreign rice as a means of boosting local production. Mr Aminu Goronyo, the National President, Rice Farmers Association of Nigeria (RIFAN), made the call in a telephone interview with the News Agency of Nigeria ...

  • Unremitted N450bn: EFCC to grill Jonathan’s ex-ministers, perm secs

    Eniola Akinkuotu, Abuja The Economic and Financial Crimes Commission is set to grill some ex-ministers who served under the administration of ex-President Goodluck Jonathan as well as some serving and ex-permanent secretaries and directors of budget and finance in charge of revenue-generating Ministries Departments and Agencies, The PUNCH has learnt. ...

  • We’ve not commenced sale of application forms – JAMB

    The Joint Admissions and Matriculation Board has urged the public to disregard the speculations that it had commenced the sales of its application forms for 2017 UTME by some group of persons. The board’s Head, Media and Information, Dr. Fabian Benjamin, debunked the speculations in a statement made available to ...

  • NOSDRA Drags Exxon Mobil To Court Over Environmental Law Breach

    The National Oil Spill Detection and Response  Agency  NOSDRA has dragged Mobil Nigeria Unlimited operators of NNPC and MPN joint venture  before a Federal High court in Uyo over  breach of laws governing oil spill and other environmental matters.  (NOSDRA), accused the oil giant of contravening section 6(3) of the agency’s Act ...

  • Nigeria and Morocco sign gas pipeline deal to link Africa to Europe

    Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria’s minister of foreign affairs said on Dec. 3

  • Obasanjo’s challenge of Buhari

    As one who firmly believes that one Olusegun Obasanjo squandered the finest opportunity of any Nigerian leader since independence, I have often criticised him. Between 1999 and 2007, he could have transformed Nigeria into Africa’s most developed, most productive and most functional economy.  The records show that he compounded the ...

  • Presidency replies Sanusi

    The Presidency on Saturday said the Emir of Kano, Muhammadu Sanusi II, did not have the facts on the issues over which he criticised President Muhammadu Buhari’s administration. Sanusi had, on Friday, said the  Buhari administration lacked the right policies to fix Nigeria’s economy, even as he warned of grave ...

  • Wood is Nigeria’s next oil – Feyisola Abiru

    Kemi Lanre-Aremu Mrs. Feyisola Abiru is the Chief Executive Officer, Home and You. She talks about the potential of the wood industry and other related matters You started out at a time Nigerians had yet to see the need to engage professionals to set up their homes. The business is ...