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Latest News Boko Haram kills 4 UN workers in Borno State Governors storm Presidential Villa to celebrate Buhari’s birthday It will be a cloudy and hazy Monday spiced with thunderstorms: NiMet 6 oil marketers in trouble over product diversion Turkey pitches tent with Palestine, unfolds plan to open embassy in East Jerusalem 66 percent of Nigerian prison inmates are on awaiting trial — NPS Troops capture 167 insurgents in Lake Chad Island Sultan urges Muslims to look out for new moon What we learnt from the judgment on Anambra Central Senatorial dispute NIMASA DG advocates proper framework for blue economy Calabar Carnival a veritable platform for job creation, promotion of creativity — Minister Igbo Union plans database of members in South Africa

 

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Access Bank ready for digital disruption: Leo Stan Ekeh

Access Bank ready for digital disruption: Leo Stan Ekeh Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh, has declared that foremost financial institution, Access Bank Plc is eminently equipped to take advantage of the impending disruption aided by the rise of financial technologies (FinTech) which is expected to unleash an era of innovative change in the financial services...... more

10 firms in trouble over $250m oil money

10 firms in trouble over $250m oil money The House of Representatives Committee on Oil and Gas is investigating 10 oil companies for alleged failure to remit $250 million to the Federal Government. The committee has threatened to issue warrant of arrest on the Managing Directors of the companies of they fail to appear before it on Thursday. Mr...... more

Court shuts First Bank branch

Court shuts First Bank branch Following an Industrial Court order in Makurdi to enforce a judgement against First Bank Nigeria Limited, activities at the bank were disrupted for over six hours yesterday, leaving customers of the bank stranded. The customers were shut out of the office from 8:30 am to about 3:10pm when this report was...... more

Investigation: How Chinese firm is degrading Abia community, officials sexually exploiting female workers

Investigation: How Chinese firm is degrading Abia community, officials sexually exploiting female workers  For one month, ODIMEGWU ONWUMERE goes undercover pretending that he was seeking for an employment at Inner Galaxy Group, a Chinese steel company that is situated in the remote Obuzor Community, Asa of Abia State. His findings are shocking, to say the least. A journey to Inner Galaxy complex is like a journey...... more

First Bank’s utter disregard for customers

First Bank’s utter disregard for customers For a bank that recently had a programme that promotes kindness and putting their customers first, recent events have shown that First Bank of Nigeria Plc, Nigeria’s oldest banking institution, is yet to fully grasp the art of customer service.   My journey with First Bank began when we had to open...... more

Of Reps, INTELS and national interest, By Abang Asuquo

Of Reps, INTELS and national interest, By Abang Asuquo I watched with bemusement on Wednesday night as members of the House of Representatives, once again, put themselves on the line for the assessment of Nigerians. It is no secret that possibly since 1999, when the country retuned to civil rule, no set of legislators has courted public opprobrium like Class...... more

Tinubu outlines 7-point agenda to revive Nigeria’s economy

Tinubu outlines 7-point agenda to revive Nigeria’s economy National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petro-dollars. Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the...... more

BREAKING NEWS: NLNG wins High Court case against NIMASA

BREAKING NEWS: NLNG wins High Court case against NIMASA The Federal High Court sitting in Lagos today delivered judgment in favour of Nigeria LNG Limited (NLNG) in a case between the company and the Nigerian Maritime Administration and Safety Agency (NIMASA) over applicability of NIMASA levies. NIMASA had alleged that NLNG was liable to pay  three percent gross freight  on...... more

Senate celebrates as economy said to rebound

Senate celebrates as economy said to rebound The Senate on Tuesday applauded the report by the National Bureau of Statistics (NBS) that showed Nigeria’s economy finally staging a comeback. In a statement signed by Senator Aliyu Sabi Abdullahi, its spokesperson and Chairman of the Senate Committee on Media and Public Affairs, the Senate emphasised that it was truly commendable...... more

Fact or fiction? Mission-critical myths about DDoS attacks

Fact or fiction? Mission-critical myths about DDoS attacks For anyone in ‘denial’ about the power of Distributed Denial of Service (DDoS) attacks in South Africa - attempts to exhaust the resources available to a network, application or service so that genuine users cannot gain access - let’s take a quick browse through some local headlines from the recent past....... more

Court rules that Johnson & Johnson baby powder causes cancer, orders company to pay $417 million in cancer lawsuit

Court rules that Johnson & Johnson baby powder causes cancer, orders company to pay $417 million in cancer lawsuit Johnson & Johnson was ordered Monday to pay $417 million to a California woman in a lawsuit that alleged the company’s baby powder causes cancer. This is the largest sum ordered to be paid yet by Johnson & Johnson, which is being sued in several states over charges that it does...... more

Economy: Jonathan vs Buhari, By Garba Shehu

Economy: Jonathan vs Buhari, By Garba Shehu Your Excellency Dr Jonathan, this is the economy you left behind, in case you have forgotten. With due respects to the former President Dr. Goodluck Jonathan, these are the facts about the economy you left behind, in case you have forgotten. I hope this will help to erase the wrong statement...... more

Oniha: New era begins at DMO

Oniha: New era begins at DMO The economy of Nigeria is set to be exposed to a fresh chapter of growth and development that will be as challenging as it will be rewarding with the appointment of Ms. Patience Oniha as the new Director-General of the Debt Management Office (DMO), the agency of government put in place...... more

Bank of Agriculture: Hurdles Adamu should scale, By Emmanuel Ado

Bank of Agriculture: Hurdles Adamu should scale, By Emmanuel Ado Only time will tell, if President Muhammadu Buhari handed Kabiru Mohammed Adamu a poisoned chalice or not, with his appointment as Group Managing Director/Chief Executive Officer (GMD/CEO) of Bank of Agriculture (BOA). Adamu comes with impressive credentials to lead the bank. His credentials are not the problem, however. The problem is...... more

DMO: Mobilising the grassroots for national development, By Isaac Olutayo

DMO: Mobilising the grassroots for national development, By Isaac Olutayo Financial literacy is abysmally low in Nigeria, and I am sure, as well as other African countries. It can never be taken for granted that an average Nigerian with some extra cash knows what to do beyond buying stuff or just throwing it in some bank accounts. The average Nigerian hardly...... more

Imo State under heavy debt of N110bn – Okey Ezeh •Foresees bleak future for state under Okorocha

Imo State under heavy debt of N110bn – Okey Ezeh •Foresees bleak future for state under Okorocha In apparent reply to Governor Okorocha’s claim that his government is not indebted to anybody, the former governorship aspirant in Imo State during the 2015 general elections under the platform of the All Progressives Grand Alliance (APGA), Mr. Okey Theodore Ezeh, has said that Imo State under Rochas is heavily indebted...... more

Consumers lament high electricity bill

   Consumers lament high electricity bill Electricity consumers in Malumfashi Local Government Area of Katsina State have decried the epileptic electricity supply by the Kano Electricity Distribution Company (KEDCO). They told the News Agency of Nigeria (NAN), in Malumfashi on Thursday that the situation had crippled business activities in the area. “We hardly receive supply for 72...... more

4 NAHCO staff to spend Christmas in jail

4 NAHCO staff to spend Christmas in jail Four members of staff of the Nigerian Aviation Handling Company (NAHCO) have been sent to Kuje Prison by Justice Okon Abang. They were remanded after they pleaded not guilty to a charge of aiding and abetting the exportation of 144 kgs of ephedrine to Mozambique. The National Drug Law Enforcement Agency...... more

Monetary Policy Committee retains lending rate, other key indicators

Monetary Policy Committee retains lending rate, other key indicators The Monetary Policy Committee (MPC), meeting of the Central Bank of Nigeria (CBN), which began on Monday in Abuja, ended today with all key indicators retained. The committee resolved to maintain the Monetary Policy Rate (MPR), also known as the lending rate, at 14 per cent, the Cash Reserve Ratio (CRR,)...... more

Intersociety moves against Buhari’s bid to borrow $30 billion, warns of consequences

Intersociety moves against Buhari’s bid to borrow $30 billion, warns of consequences The leadership of International Society for Civil Liberties and the Rule of Law (Intersociety) says it received with shock the moves by the administration of President Muhammadu Buhari to borrow about $30 billion or N9.12 trillion, using the current official exchange rate of N283 per US$, describing the move as an attempt...... more

Economic Diversification: ICT, Failed Promises and the New Horizon, By Innocent Ekejiuba

Economic Diversification: ICT, Failed Promises and the New Horizon, By Innocent Ekejiuba For so long successive Nigerian governments have made tons upon tons of promises of how they would turn around the fortunes of the nation, by exploiting the opportunities that lie untapped in the non-oil sectors of the economy. But after many attempts (if any at all), they often ended in mere...... more

AfDB President passes vote of confidence on Nigeria’s economy; says country not in debt crisis, not falling apart

AfDB President passes vote of confidence on Nigeria’s economy; says country not in debt crisis, not falling apart The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has said that Nigeria is not in debt crisis but only facing “a liquidity problem.” Adesina made the clarification while addressing State House Correspondents after a delegation of the bank met with Vice President Yemi Osinbajo and the Economic Management...... more

Sustainable transportation and alternative sources of fuel, By Prof. Chijioke Nwaozuzu

Sustainable transportation and alternative sources of fuel, By Prof. Chijioke Nwaozuzu The Nigerian economy has borne the huge burden of subsidy payments on petroleum products. Massive importation of light petroleum products (petrol, diesel, and kerosene) continues unabated because local refineries are working sub-optimally, and new ones are yet to be constructed. Recently, government announced its plan to privatise the old and mismanaged...... more

FG’s best economic decision as Nigeria battles recession

FG’s best economic decision as Nigeria battles recession The Federal Government may not be left with too many options to get Nigeria out of its current economic crisis as fast as Nigerians expect. But the recent announcement of seeking external help from international organisations, perhaps, remains one of the best economic decisions President Muhammadu Buhari’s government has taken in...... more

Ministers, experts list ways out of economic recession

Ministers, experts list ways out of economic recession The Cabinet Retreat on the Budget, held at the Banquet Hall State House, Abuja, on Thursday, September 15, 2016 has come up with ways out of the country’s current economic recession. The suggestions are contained in a communique of the retreat issued on Monday by the organiser, the Ministry of Budget...... more

SystemSpecs on course to global ICT hall of fame

SystemSpecs on course to global ICT hall of fame In the face of dwindling oil prices on the international market, most forward-looking nations of the world are exploiting viable alternatives presented by Information and Communication Technology (ICT). Indigenous software giant SystemSpecs made its foray into Nigeria’s growing ICT industry with this goal in its sights. Small wonder that within a...... more

Experts accuse G20 nations of jeopardising energy transition

Experts accuse G20 nations of jeopardising energy transition The G20 nations are at risk of falling short of the climate goals they set in Paris in December 2015. The reason: a growing gap between current investments in renewable energy sources (2015: USD 286 billion worldwide) and future needs. The International Energy Agency (IEA) projects the need at $790 billion...... more

Nigerian Breweries preaches confidence in Nigerian economy despite present difficulties

Nigerian Breweries preaches confidence in Nigerian economy despite present difficulties Nigerian Breweries (NB) Plc has expressed commitment to the development and growth of the country’s economy in spite of the challenging operating environment. Mr Nicolaas Vervelde, NB Managing Director, disclosed this on Thursday at the company's 2015 pre-Annual General Meeting media briefing in Lagos. Vervelde said that favourable demographic profile, growing...... more

Nigeria won’t record significant economic growth during Buhari’s regime: National Bureau of Statistics

Nigeria won’t record significant economic growth during Buhari’s regime: National Bureau of Statistics Amidst harsh economic environment confronting the present administration, the National Bureau of Statistics, NBS, a key agency of the Federal Government in charge of economic research and development, has given a glimpse of what the economy will look like up till the conclusion of President Muhammadu Buhari’s first term in 2019....... more

How Buhari’s policies will affect the economy in 2016: Experts

How Buhari’s policies will affect the economy in 2016: Experts Operators and stakeholders in the nation’s economic sector say expectations in 2016 are fraught with emerging challenges as the slow-paced change realised in 2015 may linger into the New Year but with a different texture. According to them, while economic growth and expansion may be limited, the year will be characterised...... more

 

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