Latest Nigerian News updates

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Kano spends N9b monthly on salary, says Ganduje

Governor Abdullahi Ganduje of Kano State says the administration spends N9bn monthly on payment of workers’ salaries. He said this was commendable in a period when most state governments could not pay salaries as a result of the economic situation in the country. Ganduje spoke in Kano State at the end of a workshop for […]
Added about 3 hours ago from The Punch News

Fighting Smuggling in the North

The Nigeria Customs Service, Sokoto Command, is taking proactive measures to curb smuggling activities in the North. Mohammed Aminu writes International trade is a well-known path to economic prosperity for many countries. That is why developed economies in the West, particularly those that engage in mass production of goods became prosperous. However, in Nigeria, the menace of […]
Added about 3 hours ago from This Day News

A New Dawn for PDP?

Monday Discourse The election of Uche Secondus as the National Chairman of the Peoples Democratic Party brings with it new opportunities and challenges. His ability to meander through the political landmines ahead will determine how the party fares in the 2019 general election, write Tobi Soniyi and Onyebuchi Ezigbo Right from the beginning, the Peoples […]
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Discos installing substandard prepaid meters, says TCN

Complaints by electricity consumers about the installation of non-compliant meters by power distributors have been confirmed by the Transmission Company of Nigeria, OKECHUKWU NNODIM reports Power distribution companies are increasingly installing meters that are non-compliant with industry standards, the Transmission Company of Nigeria has said. According to the Market Operator, a department in the ...
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Banks Urged to Enhance Private Sector Credit

By Obinna Chima  The President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola has advised commercial banks in the country to increase credit to the private sector to grow the economy. Ajibola said this at an inaugural lecture he delivered at Caleb University, Imota, Lagos, a copy of which was made […]
Added about 4 hours ago from This Day News

Access Bank to Empower 30,000 Students in New CSR Initiative  

Access Bank Plc through its Project LEAD, a new corporate social responsibility (CSR) initiative has concluded plan to empower 30,000 secondary school students across six geo-political zones in Nigeria.  The Personal Banking Division of Access Bank would be executing the project, which represents Leadership, Enterprise and Academic Development (LEAD). It is targeted at driving improvement in secondary ...
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Flour Mills Applies to Raise N40 Billion via Rights Issue

Flour Mills of Nigeria Plc (FMN) has applied to the Nigerian Stock Exchange (NSE) to raise about N39.856 billion from the existing shareholders.  The funds would be raised through the issuance of 1,476,142,418 ordinary shares of 50 kobo each at N27 per share Rights Issue to existing shareholders on the basis of nine new shares for […]
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Managing Risk Key to Corporate Governance, Says RMB Boss  

The Executive Director and Chief Risk Officer of Rand Merchant Bank (RMB), Nigeria Limited, Peter Blenkinsop has stressed that effective management of both organisational and personal reputational risk was key to sound compliance and corporate governance for banks in Nigeria as well as any other country. Blenkinsop made the remark during a keynote speech at the November 2017 […]
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THISDAY Model Portfolios Surge to 30.5% amidst Market Rally

By Goddy  Egene In a week that the Nigerian stock market bench index gained 3.64 per cent, the THISDAY Model Portfolio (TMP) surged higher to hit 30.5 per cent, from 24.7 per cent the previous week. All the five various portfolios that constituted the TMP sustained positive performance last week, indicating the resilience of the stocks. TMP, which […]
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Spain pip Nigeria 6-5, win Copa Lagos

‘Tana Aiyejina The Super Sand Eagles on Sunday lost 6-5 to Spain in an intense final of the  2017 Copa  Lagos Beach Soccer tournament at the Eko Atlantic City, Lagos. The Nigerians  on Friday defeated Morocco 7-6 and on Saturday beat Lebanon 9-8 in explosive encounters to set up a clash with the Spanish, who […]
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Pillars get tough FIBA Champions Cup draw

Idris Adesina Nigeria champions Kano Pillars  were on Sunday drawn in Group B  along with AS Sale of Morocco, ES Rades of Tunisia, Interclube of Angola, New Generation of DR Congo and City Oilers of Uganda at the 2017 FIBA Africa Clubs Champions Cup which begins  in  Tunisia on Monday. Nigeria’s second representatives at the […]
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300 players for national t’tennis open

Idris Adesina Over 300 players from 25 states and teams  are expected to compete in 18 events at the National Table Tennis Open Championships and the Commonwealth Games trials, which begin on Monday at the National Stadium in Lagos. The competition will also feature para-table tennis players as the players aim for places in the […]
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UAE 2017 delights StarTimes

Pay TV company StarTimes  has promised to broadcast the remaining matches  of the 2017 FIFA Club World Cup in the country. The tournament, which kicked off  at the United Arab Emirates on December 6, ends on  December 16. UAE’s Al Jazira,  Asian champions Urawa Reds, CAF champions Wydad Casablanca of Morocco, Mexico’s side  Pachuca, New […]
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Olubadan urges support for Eagles

Olufemi Atoyebi, Ibadan The Olubadan of Ibadan, Oba Saliu Adetunji, at the weekend said it was important for Nigerians to be united in their support for the Super Eagles as the team prepare to take part in the Russia 2018 World Cup. The monarch, who said this while receiving the factional  national chairman of the […]
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Ighalo, Martins for Bayelsa sports summit

The Bayelsa State Sports Summit  has been scheduled to take place  at the Lady Diama Memorial Event Place in Yenagoa on December 13. Governor Seriake Dickson, royal fathers and  sports stakeholders are expected at the summit     sponsored by sports facilities outfit Monimichelle. In a statement on Sunday, Chief Executive Officer of  Monimichelle Ebi Egbe  said  […]
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OPS Warns against ‘Powerful, Single’ Regulator for Petroleum Industry  

By Obinna Chima The Organised Private Sector (OPS) has advised members of the National Assembly to create two regulatory bodies each focusing on the downstream and upstream sectors of the industry while reviewing the Petroleum Industry Governance Bill (PIGB). The OPS expressed their dissatisfaction with the idea of creating a Petroleum Regulatory Commission (PRC), a commission […]
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Ship Owners Decry Nigeria’s IMO Council Election Loss

By Eromosele Abiodun Contrary to its earlier blanket support for the choice of the headship of the Nigerian Maritime Administration and Safety Agency (NIMASA), the Ship Owners Association of Nigeria (SOAN), over the weekend, decried NIMASA’s lack luster performance in the just concluded International Maritime Organisation (IMO) council election held in London. Nigeria had last […]
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Angbazo: Business Environment Didn’t Favour GE’s Listing on NSE

By Ugo Aliogo The Chief Executive Officer of General Electrics, (GE) Lazarus Angbazo, has stated that the Nigeria business environment has not favoured the listing of GE in the Nigeria Stock Exchange Market (NSE) despite being a net investor in the country. Angbazo disclosed this in Lagos at the America Business Council (ABC) media launch […]
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Equities Market Sustains Rally on Strong Investor Sentiment

WEEKLY REPORT The bulls remained in control of the equities market as the market recorded its third consecutive gain on sustained strong investors’ sentiments.  The Nigerian Stock Exchange (NSE) All-Share Index, which had appreciated the previous week, rose to a new high last week. Specifically, the NSE ASI 3.46 per cent to close at 39,257.53, while market […]
Added about 4 hours ago from This Day News

Ambode Tasks Business Leaders on Youth Entrepreneurship

By Ikenna Ekwerike The Lagos State Governor, Mr. Akinwumi Ambode has urged business leaders in Nigeria to make many entrepreneurs out of the teeming unemployed youths for wealth generation and creation of job opportunities. Ambode, represented by Secretary to the Lagos State Government, Mr. Tunji Bello, directed this plea to the Institute of Directors Nigeria, […]
Added about 4 hours ago from This Day News