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Daily Archives: March 19, 2018

Maritime sector has capacity to catalyse economic growth – NIMASA DG

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that the Nigerian maritime sector has the capacity to catalyse current efforts targeted at growing the nation’s economy. This is even as he restated the agency’s commitment to building a robust maritime sector that will substantially contribute to the Gross Domestic Product (GDP) of ... Read More »

Militant general meets Waterloo in Rivers

Apparently, millions of naira from Federal Government’s amnesty program was not enough for Prosper David, a dreaded militant whose gang has just been smashed by the police. Known as the Militant General, David met his waterloo during a shootout with the police in Port Harcourt, Rivers State. The police, who also described David as a Sea Pirate, said that the ... Read More »

How dance group went from Lagos Fiesta to becoming Rihanna’s favourite group

Whilst the popular misconception about Nigeria is that it is one of the underdeveloped economies in the world, our richness in creativity and artistic diversity has continued to earn us a place in the parliaments of global honours. The past days has seen Nigerians go abuzz over the very well-deserved recognition that Lagos-based children dance group – Dream Catchers has ... Read More »

I’ll release details of Saraki, Dogara’s pay, says Sagay

•MASSOB hails Sani for disclosing senators’ pay   The Chairman of the Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), says the N13m allowances being received by senators is only a tip of the iceberg as Nigerians will be shocked when he releases details of the allowances of the principal officers of the National Assembly. Sagay said this during ... Read More »

2017: Bank customers dip by 2.2m amid BVN registration upswing

Indications that poverty level in the country has not abated despite the modest recovery of the economy have emerged with the number of bank customers dropping significantly in 2017 from the depositors’ number in 2016. Data obtained from the Nigeria Inter-Bank Settlement System’s, NIBSS’, showed that the total number of bank customers dropped from 61 million in 2016 to 59 ... Read More »

IMF urges CBN to watch rising banks’ risk portfolios

The International Monetary Fund (IMF) has cautioned against rising risks in the banking sector with banks’ borrowings rising over N2.496 trillion from Central Bank of Nigeria (CBN) in the last three months of last year. Data obtained from the apex bank on the inter-bank fund’s segment at the weekend, showed that weighted average interbank call rate which stood at 18.45 ... Read More »