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Latest News BREAKING: 35 foreigners, 121 others confirmed dead as terrorists storm Easter church services 15 JAMB officials shortlisted for trial over N8.7 billion fraud Ministerial Appointments: Buhari takes candidates’ list abroad for vetting Bloody Easter as gunmen kill 11 worshippers in Benue Arewa Youths oppose plans to impose Gbajabiamila as Reps Speaker Oyo Governor-elect Seyi Makinde in dilemma Ogun residents disrupt railway project over deplorable road Fear, anxiety as 2 Ebonyi communities engage in communal war Between Ajayi Crowther University Vice Chancellor and agitating parents Nigeria: How not to fight corruption, By Godwin Onyeacholem Zamfara Emirs apologise to NAF over killings allegations Police arrest four armed robbery, kidnap suspects in Edo

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (470,158 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (414,692 views) Shameless Genevieve Nnaji exposes breasts in public (352,133 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (301,605 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (265,844 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (238,950 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (225,881 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,415 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (196,406 views) 10 cars more expensive than Jets (188,311 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (178,972 views) Lagos plane crash: Journalist releases victims’ names (178,398 views)

 

UBA rewards 20 more customers with N30m in Wise Savers Promo

UBA rewards 20 more customers with N30m in Wise Savers Promo United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60 million. The electronic raffle draw which was held at UBA House...... more

CBN’s Forex policy working, FG insists

CBN’s Forex policy working, FG insists  The Central Bank of Nigeria’s (CBN) current foreign exchange (Forex) policy is working well and is unlikely to be changed anytime soon, the Minister of Information, Alhaji Lai Mohammed, said Thursday. He also commended efforts of the CBN Governor, Mr. Godwin Emefiele, in ensuring exchange rate stability as well as sustained...... more

Bayelsa Airport soon to commence commercial flights

Bayelsa Airport soon to commence commercial flights Bayelsa State-owned newly built International Cargo/Passenger Airport is to commence commercial flight operations in about two months.  Governor Seriake Dickson who disclosed this in Yenagoa when he hosted the Air Officer Commanding Mobility Command, Yenagoa, Air Vice Marshall Uburufih Peter-Uzezi, and other top officers said the airport would have flights from...... more

Presidency orders EFCC, security agencies to end rice smuggling

Presidency orders EFCC, security agencies to end rice smuggling The days of the illicit rice smuggling business may soon be over as the Presidency has given the anti-graft bodies, security agencies and intelligence outfits, a marching order to put a stop to the ‘deliberate’ act of economic sabotage by persons it claimed do not mean well for the nation.  The...... more

CBN injects 254.8m, CNY 35.8m into Forex market

CBN injects 254.8m, CNY 35.8m into Forex market Following the injection of $210 million into the wholesale segment of the Inter-Bank Foreign Exchange market on Tuesday, April 16, 2019, the Central Bank of Nigeria (CBN) has intervened in the retail Secondary Market Intervention Sales (SMIS) with the sum of $254.8 million.  The Bank also injected the sum of CNY...... more

SMEDAN commences entrepreneurship training for 104 young business owners in Bayelsa

SMEDAN commences entrepreneurship training for 104 young business owners in Bayelsa Small and Medium Enterprises Development Agency (SMEDAN) on Tuesday said some 104 young business owners are benefiting from its entrepreneurship training scheme in Bayelsa.  At a capacity building workshop which runs from April 15 to 19, Deputy Director of SMEDAN, Dr Dikko Radda, said there are over 37 million, Micro, Small...... more

Foreign investors withdraw N94bn from stock market in 2 months

Foreign investors withdraw N94bn from stock market in 2 months  Foreign investors have withdrawn N94.09 billion from the Nigerian stock market in the first two months of the year as the equities market continues to tumble. The total foreign outflow represents 56.7 percent of total foreign portfolio commitment in the stock market during the two month period and outpaced foreign portfolio...... more

Ebonyi Govt set to build cement factory

Ebonyi Govt set to build cement factory Ebonyi State Governor David Umahi in his bid to develop his state has approved the establishment of Ebonyi Cement factory (EBOCEM) at Ogboto in Ishielu Local Government Area of the state.  The Commissioner for information and state orientation, Senator Emmanuel Onwe, stated this at the Executive council chambers government while briefing...... more

BOI releases N3b to Jaiz Bank

BOI releases N3b to Jaiz Bank The Bank of Industry (BOI) has released N3 billion to Jaiz Bank Plc for development and expansion of Micro, Small and Medium Enterprises (MSMEs) in Nigeria. The N3 billion is to be spread among small entrepreneurs round the country, and to empower small business operators to grow their businesses. The Executive...... more

FG to issue 30-year bond for first time – DMO

FG to issue 30-year bond for first time – DMO The Debt Management Office (DMO), says the Federal Government will on April 24, issue a 30-year bond for the first time. The DMO said in a circular on its website on Wednesday in Abuja, that the N20 billion 30-year paper would mature in April 2049. Other bonds on offer are a...... more

Smile offers solution to roaming cost

Smile offers solution to roaming cost  Smile Communications Nigeria in partnership with Hong Kong and United-States based-company, NUU Mobile (HKG) Limited, is offering international data roaming services to its customers travelling to top destinations in over 85 countries to automatically access data services to send and receive e-mails, download and send business documents and much more. The...... more

Emefiele deserves kudos for his focused commitment to the Nigerian economy

Emefiele deserves kudos for his focused commitment to the Nigerian economy Resolutely navigating turbulent seas spawned by a mix of micro and macro-economic triggers, the nation’s apex bank – Central Bank of Nigeria (CBN) led by Dr. Godwin Emefiele – has provided circumspect, stabilising guidance which is being reflected in identifiable growth positives.  From its recent report flowing from her Article IV...... more

Forex market gets $210 million CBN boost

Forex market gets $210 million CBN boost The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded on Tuesday.  According to figures obtained from the Bank, authorised dealers in the wholesale segment of the market were offered the sum of $100million. Similarly, the...... more

Nigeria spends $1b dollars annually on fish importation: NIOMR DG

Nigeria spends $1b dollars annually on fish importation: NIOMR DG The Director of Nigerian Institute for Oceanography and Marine Research (NIOMR), Lagos, Dr. Adekunle Oresegun, has disclosed that Nigeria spends about one billion dollars annually on the importation of fish.  He stated this in Abakaliki during a four-day Vocational Training and Empowerment on Aquaculture Production and Fish Pound Harvest for Youths...... more

Over 200 entrepreneurs attend Business Boot-Camp for SMEs growth in South-East

Over 200 entrepreneurs attend Business Boot-Camp for SMEs growth in South-East No fewer than 200 intending and existing entrepreneurs attended a Business Boot-Camp for Small and Medium Enterprises (SMEs) growth within the South-East on Sunday.  A facilitator of the programme, Mr. Kazeem Sanusi, told newsmen in Enugu that the essence of the programme was to support intending and existing SMEs with helpful...... more

Nigeria Immigration denies shortage of passport booklets

Nigeria Immigration denies shortage of passport booklets The Nigeria Immigration Service (NIS) has denied allegations of shortage of passport booklets in the country. The News Agency of Nigeria (NAN) reports that there have been complaints by some Nigerians over their inability to get the passport booklets from the NIS. An investigation carried out by a NAN correspondent at...... more

Nigeria’s inflation drops by 0.06 pct in March: NBS

Nigeria’s inflation drops by 0.06 pct in March: NBS The National Bureau of Statistics (NBS) said the country’s inflation measured by Consumer Price Index (CPI) in March was 0.06 per cent points lower than the rate recorded in February. The NBS said this in its “CPI and Inflation Report’’ released on Tuesday in Abuja. The bureau said the CPI which...... more

Financial Literacy: SEC to partner other regulators

Financial Literacy: SEC to partner other regulators The Securities and Exchange Commission (SEC) has expressed its readiness to strengthen collaboration with other regulators in the financial industry in Nigeria, to boost its financial literacy campaign.  Mr Edward Okolo, SEC’s Director, Market Development Department made this assertion this in a statement signed by the Head of Media of the...... more

TStv dealers seek refund of N788m investment

TStv dealers seek refund of N788m investment For failing to roll out its decoder one and a half years after its launch, dealers who invested in the satellite pay-TV company, TStv, are demanding a refund of over N788 million invested in the business.  The money was paid for dealership right ahead of the official launch of the pay-TV...... more

Presidency expresses sadness over alleged misrepresentation of N42bn SEZ project

Presidency expresses sadness over alleged misrepresentation of N42bn SEZ project The presidency has expressed concern that plans of the President Muhammadu Buhari administration to fast-track Nigeria’s industrial development through the Special Economic Zones (SEZ) was being misrepresented in the public, including at a recent public hearing in the Senate.  The presidency, in a document made available to the News Agency of...... more

Niger Delta group hails Kachukwu for transforming oil sector

Niger Delta group hails Kachukwu for transforming oil sector The Niger Delta Youth Coalition for Peace and Progress (NDYCPP) on Sunday applauded the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, for transforming the Nigerian oil sector.  The NDYCPP, a group of youth leaders from the nine states of the Niger Delta region noted that under Kachickwu, Nigeria became...... more

Oil Block Renewal Dispute: We are in talks with Aiteo — Nembe chiefs

Oil Block Renewal Dispute: We are in talks with Aiteo — Nembe chiefs The Nembe communities on Sunday said that the host communities to the OML 29 oilfields in Bayelsa State have commenced discussions to resolve the conflict with Aiteo, the new operator. Shell Petroleum Development Company (SPDC) had in 2015 divested its equity in OML 29 and transferred its interest in the oil...... more

Chinese Embassy to open Consular office in Anambra: Commissioner

Chinese Embassy to open Consular office in Anambra: Commissioner The Anambra State Commissioner for Commerce, Trade and Investment, Dr. Christian Madubuko, has said that the Chinese Embassy in Nigeria will soon open a Consular office in Awka, the state capital.  He said that the Consular office would lessen the stress and cost of obtaining Chinese visa by traders in Anambra...... more

Falana writes Kachikwu, threatens to go to court over alleged $60bn oil revenue loss

Falana writes Kachikwu, threatens to go to court over alleged $60bn oil revenue loss Human rights lawyer and Senior Advocate of Nigeria, Mr Femi Falana, has asked the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, to provide him with information regarding the “loss of $60 billion oil revenue”.  He made the request in a letter addressed to the minister and dated April 10,...... more

No plan to remove fuel subsidy now — FG

No plan to remove fuel subsidy now — FG The Federal Government has again clarified its stance on the removal of fuel subsidy, saying it had no plan to do so in the immediate future.  The Minister of Finance, Mrs Zainab Ahmed, said this on Sunday at the briefing by the Nigerian delegation on the outcome of their meetings with...... more

Shell delivers N150m capacity development programme for Bonny youths

Shell delivers N150m capacity development programme for Bonny youths No fewer than 12 young entrepreneurs from host communities to the Bonny Oil and Gas Terminal in Rivers State have benefitted from a N150 million capacity development and empowerment programme by The Shell Petroleum Development Company of Nigeria Limited (SPDC).  SPDC’s General Manager, External Relations, Igo Weli, who handed over the...... more

ExxonMobil, others not exiting Nigeria — Kachikwu

ExxonMobil, others not exiting Nigeria — Kachikwu Dr Ibe Kachikwu, the Minister of State for Petroleum Resource says that no International Oil Company (ICO) is planning to exit Nigeria contrary to reports in some section of the media. Kachikwu made this known while briefing newsmen after facility tour of ExxonMobil Erha Floating Production Storage and Offloading vessels (FPSO)...... more

DPR seals fuel stations for hoarding product in Abeokuta

DPR seals fuel stations for hoarding product in Abeokuta The Department of Petroleum Resources (DPR) has sealed up some fuel stations in Abeokuta metropolis for hoarding, creating artificial scarcity and under dispensing of products.  Leading the exercise in Abeokuta, the state capital, the head of operations in the Ogun office of the Department of Petroleum Resources, Mrs. Muinat Bello-Zagi, admonished...... more

CBN disburses N174.48bn under Anchor Borrowers Programme

CBN disburses N174.48bn under Anchor Borrowers Programme The Central Bank of Nigeria (CBN) says it has so far cumulatively disbursed N174. 48 billion through 19 financial institutions under its Anchor Borrowers Programme since 2015.  The Director, Corporate Communications Department of the bank, Mr Isaac Okoroafor, stated this on Friday in Enugu at the on-going Enugu International Trade Fair. ...... more

Over one billion litres of petrol available: NNPC

Over one billion litres of petrol available: NNPC The Nigerian National Petroleum Corporation (NNPC) has once again appealed to Nigerians to stop the panic buying of petrol.  The state owned company urged Nigerians to disregard trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers to lift products from depots. The NNPC...... more

 

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