Confusion at land borders as vehicle importers scramble Seme, Idiroko borders
Pandemonium caused by vehicle importers that have engulfed all Nigerian borders including Seme, Owode and Idiroko may continue today as officers of Nigeria Customs battle unprecedented number of car imports via land border following the deadline of December 31, 2016…
Finally, Stanbic IBTC rests differences with FRC, releases results
After months of standoff, Stanbic IBTC Holdings Plc and the Financial Reporting Council of Nigeria have resolved the lingering dispute over Stanbic IBTC’s financial statements for 2015. The peace deal has lead to issue of the bank’s financial statements. The…
Persistent lower naira denomination scarcity traced to CBN inactivity
The main reason for the persistent scarcity of lower denomination naira notes has been unmarked. Details from the Central Bank of Nigeria (CBN) revealed that for a year now, it has not award contract for the printing of the notes,…
Naira leads 3 other global currencies in worst performance last year
Fresh report by global financial new channel, Bloomberg LP has placed Nigeria’s naira as one of the world’s four worst performing currencies in 2016 financial year just ended. The report also added that not much is on ground to revamp…
Dogara, experts expect review of power privatization in 2017 over failures
More voices have continued to query the silence of the federal government in taking a critical look at the privatization of power sector considering the back-and-forth of power supply and lately the reasons behind the floating of N309bn bond for…
Power generation looking up even in dry season, hits 4,000MW
Unlike previous years when power used to drop during dry season due to reduction in water levels at the dams, statistics from the Nigeria Electricity Regulatory Commission (NERC) has shown that after being unstable at 3,000 megawatts for about 10…
150 SMEs got facility from ETF out of 281 micro-enterprises in Lagos
Indications have emerged that about150 small and medium enterprises (SMEs) have received offer letters under the pilot scheme of its Employment Trust Fund (ETF) while 281 micro-enterprises have gotten approval and are waiting for access to the fund before the…
Former LASAA boss, Noah recounts near-death experience in new book
While the 2015 General Elections might have come and gone, psychological scars occasioned by some uncharitable events that played out in its build-up, still haunt many till this day. Otherwise, the personal experiences of Mr. George Noah, the immediate past…
New NBS population statistics raises dusts in all areas ahead of planned census
A new report jointly presented by National Population Commission (NPC) and the National Bureau of Statistics (NBS) have put the current figure of Nigeria’s population at 193,392,517, but associated data have raised serious questions on the authenticity of the statistical…
State of navigational aids at airports frustrating as prophets foresee crash in 2017
Leadership of the Airline Operators of Nigeria (AON) has decried the deplorable state of navigational aids at airports around the country. In a statement signed by the Chairman of AON, Nogie Meggisson said the situation had made flying in the…
