CBN Advert

newscorner

Business news

Day: January 27, 2020

Lagos Alerts Public On Novel Coronavirus

The Lagos State Government has alerted the public to a new virus, the novel Coronavirus (nCoV) which is currently raging in China and some countries of the world. The State Government through a press statement issued by the Commissioner for Health, Prof. Akin Abayomi said Coronaviruses (CoV) are a large family of viruses that cause […]

NCDC Intensifies Response to Ongoing Lassa Outbreak

In response to the increasing number of Lassa fever cases across states in the country, the Nigeria Centre for Disease Control (NCDC) has immediately activated a National Emergency Operations Centre (EOC) to coordinate response activities. As at the 24th of January 2020, 195 confirmed cases and 29 deaths had been reported in 11 states. Of […]

Human Trafficking: NIS Intercepts Nine Girls At Lagos Airport

The Operatives of Nigeria Immigration Service (NIS) Airport Command, Lagos apprehended Nine(9)girls who were to be trafficked through the airport to Lebanon, Cairo, Dubai and India on Ethiopian, Peace, Egypt and East Airlines respectively. According to a press statement signed by DCI Sunday  James,  Service  Public  Relations  Officer ,Comptroller  General  of   Immigration  Service four(4) of them […]

First Class Student Bags 13 Years in Jail over Yahoo-Yahoo

Justice Folashade Olubanjo of the Federal High Court 1, Akure has convicted Fisayo Adetoro, a final year Business Administration student of a private university in Ondo State of impersonation, forgery and money laundering, and sentenced him to a total of 13 years in prison with N1,000,000 (One Million Naira) option of fine. Adetoro, according to […]

JAMB Halts UniAbuja Admissions Over Irregularities

The Joint Admissions and Matriculation Board (JAMB) has halted the ongoing admission of students at the University of Abuja due to what it described as an unholy process and unacceptable irregularities. In its latest investigation on the admission process of the University, Economic Confidential found out that the new management under Vice Chancellor Professor Abdul-Rasheed […]

CIBN lauds Ecobank on capacity building, professionalism

  The Registrar and Chief Executive Officer, Chartered Institute of Bankers of Nigeria (CIBN), ‘Seye Awojobi has commended Ecobank Nigeria’s various initiatives targeted at building the capacity of its workforce. The Registrar made this disclosure while speaking at the graduation ceremony of Ecobank pioneer management trainees in Lagos. Awojobi, who was represented by Group Head, […]

Economy attracted $21.8bn investments in one year – NBS

within a one-year period covering October 2018 and September 2019, the Nigerian economy attracted a total of $21.81bn worth of investments, figures released from the National Bureau of Statistics have shown. The investments inflow, according to an analysis of the NBS capital importation report, came from various sources. They are foreign direct investments made up […]

Recapitalisation: NAICOM plans to retain 70% local content

The National Insurance Commission says it plans to achieve 70 per cent local retention of the risks in the industry under its recapitalisation initiative. While disclosing its strategic focus this year, the commission stated that the recapitalisation of insurance and reinsurance companies would strengthen the financial position of the companies; reduce risk of insolvency; encourage […]

Equities generate N22.76bn turnover in one week

Equities listed on the Nigerian Stock Exchange generated a total turnover of 1.237 billion shares worth N22.76bn in 21,156 deals last week. This was in contrast to a total of 2.087 billion shares valued at N26.47bn that exchanged hands the previous week in 24,262 deals. The financial services industry (measured by volume) led the activity […]

FG acquires training simulator for aviation college

The Federal Government has acquired one training simulator and six aircraft for the Nigerian College of Aviation Technology, Zaria, within the last two days. The Minister of Aviation, Capt. Hadi Sirika, announced on Twitter on Sunday, through his handle, @hadisirika, that he had received a Boeing 737 training simulator for the college. The minister tweeted, […]