Author: Princewill Smart-Ezeani

Posted on January 5, 2017 by Princewill Smart-Ezeani

CBN To Raise N329.93 bln In Treasury Bills

The Central Bank Of Nigeria (CBN),on Wednesday said it will raise N329.93 billion in treasury bills with maturities between 3-month and 1-year at an auction on March 2. Last Month, the Banks Target was N92.39 billion ($967 million) in treasury bills with maturities between 3-month and 1-year at an auction on Feb. 3 The apex Read More

Posted on June 6, 2016 by Editor

For The First Time Ex-President Jonathan Comments On The Nigeria’s Economy

Former President Goodluck Jonathan has identified the drop in crude oil prices as the reason for Nigeria’s present economic predicament. The former president, who spoke in an interview with Bloomberg this afternoon, June 6, said Nigeria’s economy somehow depends on crude oil. Jonathan further explained that, any time crude oil prices fall, it significantly affects Read More

Posted on June 6, 2016 by Chris PEMU

SON Boss Explains How Importers Cheat

Standard Organisation of Nigeria (SON), has alerted the Federal Government of massive influx of substandard goods into the country. Director-General of the organization, Dr. Paul Angya gave this while chatting with newsmen. He said with this development, SON has shutdown the Electronic Provisional Clearance Certificate (ePCC) platform after the 90 days expiration elapsed this year. Read More

Ayo Fayose
Posted on June 6, 2016 by Editor

Fayose Fires At APC, Reveals How Buhari’s Government Will Collapse

Governor Ayodele Fayose of Ekiti State, has again opened his mouth to take a swipe at President Muhammadu Buhari-led Federal Government as well as his party, the All Progressives Congress (APC). The governor, who spoke on Sunday, June 5, at a thanksgiving service to commemorate the first anniversary of the Fifth Ekiti State House of Read More

Bukola Saraki
Posted on June 6, 2016 by Editor

Burglars Storm Saraki’s Residence, Loot Millions Of Naira

The President of the Senate, Bukola Saraki, has suffered a huge blow as burglars reportedly stormed his Ilorin residence in Kwara State, and made away with the sum of N12 million. The Senate President, made the disclosure on Sunday, June 5, after an online platform alleged that the sum of N300 million inexplicably went missing Read More

Posted on June 6, 2016 by Segun OLARINMOYE

Investing & Gambling: Differences and Where They Intersect

An investment is a sacrifice of current money or other resources for future benefits. There are numerous avenues of investments available, such as bank deposits, government bonds, shares/stock option, mutual funds, Eurobonds, land and property etc. The economic well-being of an individual in the long-run depends on how wisely or foolishly he/she chooses to invest. Read More

Posted on June 4, 2016 by Chris PEMU

Mohammed Ali: Boxing’s “GREATEST” Is Dead, Here’s His Net Worth

Muhammad Ali, three-time legendary heavyweight boxing champion of the world is dead. Last Thursday, Ali was admitted to hospital on with a respiratory problem – a move that was described at the time as “a precaution” and later placed on a life support machine. He died late on Friday at the age of 74. The Read More

Posted on June 3, 2016 by Chris PEMU

Federal Government Steps In, Instructs Banks To Stop The Sacking Exercise

The Federal Government has implored banks financial institutions and insurance companies to shelve the ongoing retrenchment in the sector. Minister of Labour and Productivity, Dr Chris Ngige rolled out this directive in Abuja on Friday. Dr. Ngige said his office had received various complaints from those affected victims of the exercise. He warned that any Read More

Posted on June 3, 2016 by Chris PEMU

KFC Botswana Is Shutting Down After 20 Years Of Operation

Kentucky Fried Chicken, KFC, has closed its franchise in Botswana rendering over 400 employees jobless. In a statement issued on Friday by VPB Propco, the company that owns KFC franchise in Botswana, it announced that it would cease operating by next week. The company says it will engage all stakeholders, adhere to all regulatory and Read More

Posted on June 3, 2016 by Chris PEMU

Buhari To Commission Abuja-Kaduna Rail Project In July – Minister

Federal Government has announced that the Abuja-Kaduna rail project will be set for commercial use in July 2016. Minister of Transportation, Hon. Rotimi Amaechi while on a test ride of the rail project on Wednesday, told newsmen that the Buhari administration was committed to ensuring the sustenance of the rail project upon completion in July. Read More

Posted on June 3, 2016 by Chris PEMU

FG Will Assign Burutu Port For Mining, Agricultural Products Export

Akewa Global Services, AGS, concessionaires of the Burutu Port, is currently in talks with government to make the port a destination for the export of mining and agricultural products. Chairman of the indigenous company, Kenneth Donye said the company has gotten provisional approval from National Inland Waterways Authority, NIWA and the Nigerian Ports Authority, NPA Read More

Posted on June 3, 2016 by Editor

Federal Government Halts Mass Disconnection of Electricity Customers

The Nigerian Electricity Regulatory Commission (NERC) has banned the mass disconnection of electricity debtors by the 11 Distribution companies (Discos). They are hereby instructed to only cut-off long-term debtors. This is coming after NERC got numerous complaints from various communities, villages, estates about Discos indiscriminately disconnection of power supply due to non-payment of electricity bills. Read More

Posted on June 3, 2016 by Chris PEMU

[Deal] Trade Union Congress Will Acquire 57% Stake in Unity Bank

The Trade Union Congress of Nigeria (TUC) on Thursday said it will acquire 57 per cent stake of Unity Bank Plc. President of the congress, Comrade Bala Kaigama, gave this hint while speaking at the ongoing 10th Triennial National Delegates Conference of TUC in Abuja,. The TUC Boss said the acquisition was one of the Read More

Posted on June 2, 2016 by Editor

Mohammed Barkindo Is OPEC Secretary-General

Delegates at the 169th meeting of The Organization of Petroleum Exporting Countries (OPEC) holding in Vienna, Austria on Thursday, unanimously selected Mohammed Barkindo as its new Secretary-General. Barkindo replaces Libya’s Abdalla El-Badri, who had completed full terms. Barkindo was Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) from 2009 to 2010. He Read More

Posted on June 2, 2016 by Editor

Reports: Most of The 1000 Sacked Ecobank Staff Are From Former Oceanic Bank

Reports reaching Nairametrics suggest Ecobank may have sacked 1000 staff. Media reports suggest 1,040 staff were affected but we believe it will be close to 1400 according to internal sources in the bank The sack happened yesterday, affected staffs got to work today and could not login to their various duty posts. Most of the Read More

Posted on June 2, 2016 by Editor

GE West Africa Appoints Efundoyin Akinyanju As CEO

General Electric (GE) has appointed Efundoyin Akinyanju as Chief Executive Officer GE Oil & Gas for West and Central Africa. In this role, she will lead, grow and implement GE Oil and Gas strategy in the region. Ms. Akinyanju’s last job was Chief Strategy Officer (CSO) Subsaharan Africa for GE Oil and Gas. Until she Read More

Posted on June 2, 2016 by Chris PEMU

Diamond Bank Lays-Off 200 Workers

Diamond Bank last weekend sacked 200 members of its workforce thereby adding them into the unemployment market. The bank says it is currently rightsizing with a view of enhancing value for its shareholders. The lender said the slowdown in the economy has propelled a high non-performing loan rate in the banking system, causing a sharp Read More

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