Business news
BudgIT expresses dismay at Nigeria’s current position on fiscal transparency and public participation in the budget process as Africa’s largest economy has apparently taken steps backwards despite persistent advocacy by citizens and repeated promises by the government to improve. Nigeria slips into 90th place behind Zimbabwe and Afghanistan on the Open Budget index […]
The Managing Director of the Federal Airports Authority of Nigeria, Engr. Saleh Dunoma has won the 2017 National CrimeWatch Exemplary Leadership Award. A statement signed by the General Manager, Corporate Affairs Mrs Henrietta Yakubu, said that he was adjudged the winner of the award, which was keenly contested in recognition of his exemplary effort at […]
Against the backdrop of the huge debt service costs being incurred by the Federal Government, one of the nation’s Deposit Money Banks, Guaranty Trust Bank Plc, has highlighted the need for the government to reduce its borrowing cost. The lender, in its ‘Macroeconomic and banking sector themes for 2018’ released on Tuesday, also expressed […]
The Senate on Tuesday resolved to conduct an investigation into the spate of illegal charges and deductions from accounts of their customers by Deposit Money Banks. The resolution followed the adoption of a motion moved by Senator Magnus Abe and 22 others, entitled, ‘Urgent Need to Investigate, Regularise and Amend Conflicting, Vague and Unjust Remedies, […]
The Senate has warned Nigerians against investing in bitcoins and urged the Central Bank of Nigeria, Nigerian Stock Exchange and the Nigerian Deposit Insurance Corporation to launch awareness campaigns on the business. Specifically, the upper chamber of the National Assembly resolved to urge the CBN, NDIC and the NSE “to make an unequivocal statement across […]
The Administrative Panel of Inquiry, which was set up in November last year to investigate corruption allegations against the suspended Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, has recommended the sacking of the embattled DG from public service. The panel, which is headed by the Permanent Secretary, Federal Ministry of Finance, Mahmoud […]
Amaka Obiefuna In a bid to deepen insurance penetration in the country, the National Insurance Commission (NAICOM) is seeking improved micro insurance; the agency also wants to use the network of the Nigerian Governor’s Forum for the same purpose. Mohammed Kari, who is the Commissioner for insurance gave the indication as part of measures to […]
Frank Udemba Jacobs, the President, Manufacturers Association Of Nigeria (MAN) has said that it is important for the Government to have a better budget spread by re-considering the budgeted amount for Education and Health infrastructure since Health and Education are most critical to long term development and growth of any economy. Jacobs stated this while […]
A man reportedly died after he was sucked into a Magnetic Resonance Imaging (MRI) machine in an Indian hospital. Rajesh Maru’s family claimed that a member of staff at the BYL Nair Charitable Hospital in Mumbai, told him that the machine was switched off, before he walked into the room containing the machine, carrying a […]
No fewer than 430 prisoners across the country are now pursuing their various degree programmes at the National Open University of Nigeria (NOUN) to enhance their status just as 951 others regained freedom due to the intervention of National Stakeholders on Prison Reforms. Three others are said to be on the verge of completing their […]