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Daily Archives: August 28, 2018

CIBN plans conference to connect MSMEs funding gaps

The Chartered Institute of Bankers of Nigeria (CIBN) has announced plans to host its Annual Banking and Finance Conference, positioned to provide a platform for all stakeholders in the industry, to exchange ideas, and tackle issues affecting the finance sector and the economy at large. This year’s conference, the 11th edition, scheduled to hold from 11th to 12th September, in ... Read More »

Nigeria needs visionary leadership – Ezekwesili

Former World Bank Vice President, Oby Ezekwesili, and former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu, were among dignitaries at the Summit of The Alternatives (SOTA) in Abuja. The summit held at the Shehu Musa Yar’Adua Centre. It focused on how to develop a national vision and strategy to ensure effective democracy for the country. In her welcome ... Read More »

Agric, Manufacturing twin-keys to economic growth, devt – Dangote

Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote, has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent. Halima Dangote said that economic realities around the world had shown that the way to go is agriculture, and that the youths must take ... Read More »

Workers will get new minimum wage this year – NLC

General Secretary, Nigeria Labour Congress (NLC), Peter Ozo-Esan, has assured Nigerian workers of the payment of the reviewed minimum wage before the end of this year. Mr Ozo-Esan gave this assurance in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. According to him, in spite of the delay caused by the Sallah break, the tripartite ... Read More »

Oil sector contracts to slow GDP growth to 1.50% in Q2

The oil sector contracted to slow growth in the nation’s real Gross Domestic Product (GDP) to 1.50 per cent in the second quarter of 2018 from 1.95 per cent recorded in the first quarter of the year. Recently, the Statistician General of the Federation, Dr. Yemi Kale, said though the economy was out of recession, it was still on the ... Read More »

APC senators kick against Saraki’s impeachment plot

Fresh developments indicate that the plot by the Leadership of the All Progressives Congress, APC led by Adams Oshiomhole to remove Senate President, Bukola Saraki may have hit a stumbling block as a majority of the party’s senators have washed their hands off the impeachment move. Comrade Oshiomhole has been leading the campaign for the sack of Senator Saraki following ... Read More »

We are repositioning maritime sector to take a lead – Buhari

  President Muhammadu Buhari has stated that the Nigerian maritime sector is being repositioned by the Federal Government to take a leading position as one of the viable alternate sources of revenue in growing the economy as part of its resolve to continuously diversify the Nigerian economy.   The President, who was the Special Guest of Honour at a public ... Read More »

1 feared dead in Lagos market clash

One man was reportedly killed while several others were injured in a bloody clash between rival gangs of miscreants at Ketu Market in Lagos on Monday, reports the News Agency of Nigeria (NAN). A witness, simply identified as Musiliu, told  NAN that the clash followed a disagreement between two groups of hemp smoking miscreants over the death of a member ... Read More »

More trouble for Man U as Spurs win 3-0 at Old Trafford

Lucas Moura scored twice as Tottenham Hotspur romped to a 3-0 Premier League win over Manchester United at Old Trafford on Monday as Jose Mourinho’s team’s defensive woes were exposed once again. Mourinho made six changes from the side beaten 3-2 at Brighton and Hove Albion last week and dropped both central defenders, Eric Bailly and Victor Lindelof. United showed ... Read More »

NBC to shut down debtor stations

The National Broadcasting Commission (NBC) on Monday said it would shut down radio and television stations owing the commission licensing fees. The Director General, Is’haq Modibbo Kawu, said that any broadcasting station that failed to come up with a payment plan before September 15 would be shut down. Modibbo said this at a news briefing in Lagos after a meeting with the ... Read More »