Build institutions rather than personalities to grow, Okonjo-Iweala tells Africans
Former Coordinating Minister of the Economy and current World Bank chief, Dr. Ngozi Okonjo-Iweala has called on African nations to build institutions rather than building personalities. Speaking at the launch of ‘Beating the Odds: Jump starting Developing Countries’, a book…
BoI may be heading on collusion course rallying DBN, other DFIs for N1 trillion
Since the sudden creation of the Development Bank of Nigeria (DBN) by the present administration, there are reasons to suspect that the Bank of Industry (BoI) had been disquiet in the performance of its duties, thus creating a scenario that…
CAC portal hang-up forces consultants to flee Abuja, 5 others to manual states—Survey
More confusion and anxiety are brewing since Monday the Corporate Affairs Commission (CAC) struck out manual company registration in five states of the federation including Abuja, Enugu, Kano, Kaduna, Lagos, and Port-Harcourt. A top official of the association of lawyers…
Again, Nigeria Immigration Service flags off another round of recruitment
Official indication has emerged showing that the management of the Nigeria Immigration Service (NIS) has begun recruitment into the service for 2017. An advertorial placed on its website, and seen by Business Hilights showed that there is a dedicated portal…
Why we asked for Office of the Valuer-General of the federation—Ukpong, NIESV boss
The Chairman of Lagos State Chapter of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr. Offiong Ukpong has given fresh insights on why the professional body came up with the need for the creation of the Office of…
Manufacturers, others reject CBN’s retention of interest rate at 14%, calls for review
Barely less than 24 hours after Central Bank of Nigeria (CBN) kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent, reactions have started to trail the decision. Firing the first shot was the Textile companies…
New 5% charge on tax defaulters to become effective July 1—FG
Federal government has become more serious in fighting tax evasion following the recent introduction measures to sanction tax defaulters who delay transmission of annual returns. Otherwise, it would from July 1, 2017, impose additional 5 per cent charge on firms…
Ubah & N11Bn Petrol: Lawyers disagree with DSS over mention of death penalty
Since the Department of State Services (DSS), mentioned that the discovery that Ifeanyi Ubah, chief executive officer, Capital Oil and Gas Limited, allegedly diverted about 80 million litres of Premium Motor Spirit (petrol), kept in his custody by the Nigerian…
New rule on cleaner fuel by July may spark off pump price hike soon—Survey
The chances of the Nigerian National Petroleum Corporation (NNPC) to begin to import less sulphur content come July, the agreed terminal date for end of dirty fuel are looking very slim considering paucity of fund which may force it to…
Worst disruptions in oil communities over, we look ahead to 2.2mbpd soon—Oando
Relying on the sustained peace in oil producing communities since the visit of Acting president some months ago, the chief executive of Oando Plc is upbeat that production could reach 2.2 million barrels per day (bpd) by the end of…
