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in Big Story, Economy, The ReportEinstein’s Dictum and Nigeria’s Malady – Nosa Igiebor
Nigerians exemplify Albert Einstein’s classic definition of insanity. The great German physicist had said that doing the same thing, the same way all the time, and expecting a different outcome is madness. We seem hardwired to continue doing and thinking the same thing, same way forever. The constant failures that our madness produces have not […] More
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FG: Orders Closure of Borders for Elections
All Nigerian land borders will be shut with effect from 12:00 noon on Friday, February 22 to 12:00 noon of Sunday, February 24, 2019 for Saturdays Presidential and National Assembly elections.According to a statement issued by the Comptroller General of the Nigerian Immigration Service, NIS, Muhammad Babandede this Thursday. He said, “Further to the presidential […] More
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Speech Delivered By The Senate President On The Presentation Of The 2018 Appropriation 7th November 2017
SPEECH DELIVERED BY THE PRESIDENT OF THE SENATE, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI (C.O.N) ON THE PRESENTATION OF THE 2018 APPROPRIATION BILL – 7TH NOVEMBER, 2017. PROTOCOL. 1. Mr. President, on behalf of my colleagues, Distinguished Senators of the Federal Republic of Nigeria and Honourable Members of the House of Representatives, I welcome […] More
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FG Unfolds Plans For $29.960bn Foreign Loan
The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in Abuja that the borrowing is a three-year-plan covering proposed projects for 2016 […] More
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in Economy
Private Sector Is Key to Poverty Eradication-Elumelu
By TELL Do you know why past governments did not succeed in efforts to eradicate poverty in Nigeria? There is a man who has an answer to that question. He is no other person than Tony Elumelu, chairman, Heirs Holdings and Tony Elumelu Foundation. He said the reason all the entrepreneurship schemes fell short of […] More
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FG, ODUACCIMA Collaborate on Regional Trade Fair
Asiwaju Olaitan Alabi, the chairman 2014 Odua International Trade Fair Planning Committee, has revealed that the Federal Government would be collaborating with Odua Chamber of Commerce, Industries, Mines and Agriculture, ODUACCIMA, for a regional international trade fair, which is expected to attract over 5,000 exhibitors and participants. Alabi made this known at a press conference held at the MKO […] More
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Scarcity of Aviation Fuel Halts Air Travels
Due to the shortage of aviation fuel that hit the country this week, local and international flight operators in the country are having a hard time meeting up with their schedules. Jet-A1, commonly known as aviation fuel, has been reportedly scarce in some cities since Monday with Abuja one of the cities seriously affected. The […] More
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CBN Issues New Operational Guidelines for Banks
As part of its efforts to sanitise the banking sector, the Central Bank of Nigeria, CBN, has issued a new set of corporate governance guidelines for every bank in the country. As contained in the new guideline, investors are now prohibited from owning more than five per cent stakes in any bank without prior […] More
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Nigeria’s Economy Now the Largest in Africa
Nigeria is now Africa’s largest economy and 26th in the World with a total GPD of $510 billion. To arrive at this position, the West African country frog leaped its South African Counterpart. The country which moved 10 points forward now ranks next to Argentina and just above Austria in the latest world Bank […] More
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NSE Lists Vetiva 30 ETF
The Nigerian Stock Exchange, NSE, has expanded its product offerings via the official listing of Vetiva Griffin 30 Exchange Traded Fund, ETF, on the floor of the exchange recently. Haruna Jalo-Waziri, executive director, business development at the exchange, explained that the new product is an open-ended fund that is designed to track the performance […] More
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NSE Reduces Trade Alert Costs By Over N1 billion
In a bid to attract more investors to the Nigerian capital market, the Nigerian Stock Exchange, NSE, has decided to scrap the 0.06 per cent charge on the Trade Alert service from March 2014. While the management of the exchange scraps the old alert system, it has introduced X-Alert, an enhanced notification system, which […] More
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Federal Government Appoints Emefiele As CBN Governor
Godwin Emefiele, the chief executive officer, Zenith Bank Plc, has been appointed as substantive Governor of the Central Bank of Nigeria, CBN. He replaces Sahusi Lamido Sanusi, who was suspended this morning by President Goodluck Jonathan. Bayo Adelabu, executive director, First Bank Plc has also been named deputy governor, replacing Tunde Lemo. The names of the […] More
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