• School- leaver rapes four-year-old girl in her brother’s presence

    Olaleye Aluko The Lagos State Police Command has arrested a 20-year-old suspect, Bassey Johnson, for allegedly raping a four-year-old girl in the Idimu area of the state. PUNCH Metro learnt that the school-leaver, who is also learning a trade, allegedly raped the girl, Fatima (pseudonym), when she and her elder ...

  • Economy on its knees as recession bites

    Emmanuel Nwachukwu It is hard to find anyone in Nigeria today that is not affected one way or another by the worsening state of the economy.    The goodwill that ushered this government to power has all but evaporated.  In my recent visit to Nigeria, I overheard a conversation between two ...

  • Lagos, Kaduna, Edo owe foreign creditors $1.84bn

    Everest Amaefule, Abuja Lagos, Kaduna and Edo, with a combined foreign debt profile of $1.84bn, are the most indebted states of the federation as far as subnational foreign debts are concerned, investigation has revealed. Statistics obtained from the Debt Management Office in Abuja on Wednesday showed that the 36 states ...

  • Sanusi, NLC, others row over anti-recession pill

    How should the Federal Government tackle the recession that is causing so much pain – and controversy – in the land? Some experts and leading politicians have suggested the sale of some assets, saying this will provide the cash to reflate the economy, reopen factories and put money in the ...

  • Labour vows to resist sales of national assets

    LABOUR warned yesterday that the Federal Government should reject the clamour for the sale of the nation’s assets to fight the recession. The Nigerian Labour Congress (NLC) described those pushing for the measure as enemies of the country, who are only bent on acquiring the nation’s assets for their personal ...

  • Ekiti cuts relationship with bank over Fayose’s frozen accounts

    EKITI State Governor Ayo Fayose has ordered the state to stop transacting business with  Zenith Bank. The action is not unconnected with the face-off between him and Zenith on the freezing of his personal accounts domicilled in thebank by the Economic and Financial Crimes Commission (EFCC). According to a circular ...

  • Oyo to export Aso Ofi fabric to increase IGR

    Oyo State has concluded plans to export Aso Ofi local fabric as part of efforts to increase its internally generated revenue (IGR). Besides, the government said the fabric’s vast tourism potential would be explored to shore up its dwindling revenue. The fabric, which is sourced majorly from Iseyi area of Oyo ...

  • Now is best time to invest in Nigeria, says Buhari

    …promises tax holiday for foreign investors Eniola Akinkuotu and Ifeanyi Onuba, Abuja President Muhammadu Buhari has told potential foreign investors that the current economic challenge the country is facing has opened a vista of investment opportunities even as he boasts that Nigeria remains the number one investment destination in Africa. ...

  • Nigeria: We'll Make Nigeria Very Attractive for Business, Buhari Tells Foreign Investors

    [Premium Times] President Muhammadu Buhari has assured potential investors that Nigeria would soon be one of the most attractive places to invest as his administration has embarked on significant economic reforms to realize that goal.

  • Nigeria: "We'll Ensure Nigeria Does not Depend on Oil Again" – Buhari

    [Vanguard] New York -President Muhammadu Buhari has, at the U.S.-Africa business forum, said that his administration would ensure that "Nigeria does not slip back into a lazy and dangerous dependence on the price of crude oil" again.  Buhari who expressed optimism that "Nigeria is on the rise" said that his ...

  • Nigeria: Address by his Excellency, Muhammadu Buhari GCFR, President of the Federal Republic of Nigeria at the U.S.-Africa Business Forum, New York. 21st September, 2016

    [Aso Rock Villa] Abuja -ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI GCFR, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA AT THE UNITED STATES -- AFRICA BUSINESS FORUM, NEW YORK, USA, 21st SEPTEMBER, 2016

  • CIDH realizará audiencias sobre Nicaragua

    San José.- La Corte Interamericana de Derechos Humanos (CorteIDH) informó este miércoles que efectuará un periodo de sesiones en Ecuador del[...]

  • Real Deal Experience: 9ice entertains Lagos fans

    Multiple award-winning artiste 9ice brought Ikorodu to a halt, recently as the Legend’s Real Deal Experience rolled into town for a second edition in Lagos. The event, which makes it the eighth stop in the nationwide tour where music stars get to areas, had a number of fun activities including a fullsizedrotating Legend bar, exciting onstage performances, the Taste, Tell and Win promotion as well ...

  • Nigeria to join most attractive investment destinations–Buhari

    President Muhammadu Buhari has assured potential investors that Nigeria would soon be one of the most attractive places to invest as his administration has embarked on significant economic reforms to realise that goal. A statement issued yesterday by Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, quoted the President as giving the assurance to a large ...

  • FG, others share N510.11bn in August

    The Federal Accounts Allocations Committee, FAAC, distributed N510.106 billion for the month of August to the three tiers of government. The amount represented a N16.442 billion increase over N493.828 billion shared by themin July. Briefing newsmen after the committee meeting Tuesday night in Abuja, Minister of Finance, Kemi Adeosun said the increased in allocation was due a “slight improvement in collection particularly ...

  • PwC launches mobile app to enhance nation’s tax system

    PwC Nigeria on Monday launched a tax mobile application, Tax247 app, an innovative tool that will radically transform the nation’s tax administration. The application enables business leaders, investors, regulators and citizens easy access to all relevant tax and related laws and keep them updated on developments in the economy, especially as it relatesto their tax obligations, government  policies and the ...

  • Nigeria: FMDQ OTC Facilitates N71.5 Trillion Fixed Income Securities Investment in Eight Months

    [This Day] The FMDQ OTC Securities Exchange has facilitated investments of N71.49 trillion in fixed income securities and currencies in the last eight months, statistics obtained by THISDAY have shown.

  • Firma de convenio

    Regency Real Estate Developers, empresa líder en el desarrollo de proyectos comerciales, oficinas y residenciales con el respaldo de una trayectoria de más de 60 años en el mercado inmobiliario de Panamá, hizo oficial la firma del convenio con el proyecto “Una empresa, un aula”, como parte de su programa ...

  • Banks derail CBN’s N1tr battle to boost economy

    Lenders prefer traders to manufacturers, farmers MPC retains tight monetary measures Highlights of MPC meeting •Monetary Policy Rate (MPR) 14% •Cash Reserve Ration (CRR) 22.5% •Liquidity Ratio 30% •Asymmentric Window +200 -500 ADVOCATES of lower interest rates lost their battle yesterday. The Monetary Policy Committee (MPC) of the Central Bank ...

  • Saraki seeks sale of NLNG shares, concession of major airports, others to end recession

    Senate President Bukola Saraki yesterday suggested how the recession in the country can be made the shortest in history. He spoke while welcoming senators after their over two-month annual recess. Saraki, who promised that the Senate would work with the Executive to get  economy out of recession, suggested the sale ...

  • Nigeria’s economic recession: Matters arising

    You will recall also that prior to the incursion of the military in to the governance of Nigeria; the south-east part of the country had the fastest growing economy in Africa, with the highest per capita income comparable to most developed economies of the world at that time. Igbo enterprise ...