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Daily Archives: March 15, 2018

Panic sell-off slips investors’ value by N31bn in 3 days

The benchmark indices of equity trading on the floor of Nigerian Stock Exchange (NSE) Thursday continued to maintain negative stance as investors embarked on massive sell-off, trimming down investors’ net-worth by N31 billion. It was noted that the nation’s bourse commenced trading for the week on a somewhat sluggish note and given the outlook so far, the stock market is ... Read More »

Ambode reduces controversial land use charge by 50% after much pressure

The Lagos State Government has bowed to pressure sparked by criticism of the controversial Land Use Charge earlier announced by the State Governor, Akinwumi Ambode. According to reports, the reduction was part of the resolutions reached at a meeting held today (Thursday) between members of the Executive Council and the State Governor. It would be recalled that the state government ... Read More »

FAAN vows to checkmate drug peddling through Nigerian airports

…to replace scanning facilities In adherence to the International Air Transport Association’s ban on toxic materials and the criminality of drug peddling through airports by unsuspecting passengers, the Federal Airports Authority of Nigeria (FAAN) has vowed to tighten all loose ends at the nation’s international airports to checkmate such incidences. The Managing Director, Engr. Saleh Dunoma, FAAN, told members of ... Read More »

GTBank declares N200bn profit for 2017

Guaranty Trust Bank has released its audited financial results for the year ended December 31, 2017, to the Nigerian and London Stock Exchanges, which shows that Profit Before Tax stood at N200.2 billion, representing a growth of 21.3 per cent over N165.1 billion recorded in the year ended December, 2016. A review of the results shows gross earnings for the ... Read More »

Ex-international model, Aisha Bello, celebrates birthday in prison

Former Nigerian international super model turned entrepreneur, Aisha Bello became a year older over the weekend and decided to celebrate it with the downtrodden of the society. The CEO and Creative Director of elegantebyaisha and Director of Star Models Africa, graced the Ikoyi prison to celebrate her special day with the inmates. Aisha donated various items to the inmates and ... Read More »

Recession: Foremost economists task FG on recovery imperatives

Front-line economists have canvassed for genuine economic growth that would be felt by all and sundry aside from figures coming out as indication that the nation’s economy has fully exited recession. Although the economic experts and analysts have welcomed the 1.92 per cent GDP growth rate recorded by the Nigerian economy in the fourth quarter of 2017 according to the ... Read More »

Nigeria ranks second largest potato producer globally – Report

Nigeria’s competitiveness in global food crop production has been confirmed again with the nation’s yearly output of potatoes rising to 3.92 million tonnes in 2016, representing an increase  by 2.35 per cent over the preceding year’s output. With the output, Nigeria which is the second largest producer of the food crop globally after China and the number one producer in Sub-Sahara ... Read More »

House Com’ttee commends NIMASA on budget implementation

The Nigerian Maritime Administration and Safety Agency (NIMASA) has received commendations from the House of Representatives Committee on Maritime Safety, Education and Administration for its performance in the 2017 budget implementation. The Committee also admonished the agency to do better in its 2018 financial performance, even though the bill for FY18 is not yet signed into law 3 months running. ... Read More »