By Michael Eboh Experts in the Nigerian  financial industry are beginning to express concerns over plans by the authorities in Angola to set up an active stock market in that country, noting that the development spells doom for the capital market, as a number of foreign portfolio investors will divert their funds to Angola, when […]

Africa RE, the leading reinsurance corporation, has put Nigeria on the global insurance industry map, by being the first company in Nigeria to get a new A-(A minus) rating from Standard & Poor’s, probably the world’s most renowned rating institution. Standard & Poor’s Ratings Services raised its long-term financial strength rating and counterpart credit rating on Nigeria-based African Reinsurance Corp., Africa Re to ‘A-’ from ‘BBB+’.

Stakeholders in the public sector accounting have been implored to brace up for the challenges of standardisation of financial reporting in the sector in order to maximise potentials of government spending in the sector.

By AbdulSalam Muhammad, Kano Stanbic IBTC Pension Manager Limited has revealed it has in its kitty a whooping sum of N 300 billion pension fund .

If Mike Eneramo has not missed that cross in the dying minutes, Nigeria would have scored. But I’m sure that by the time they come to Abuja, they will use basket to carry the goals we will score against them,” he boasted, waxing more and more confident.
A parliamentarian Francis Igwe, however, disagreed with him.

By Kolade Larewaju ABEOKUTA –  THE face-off between Governor Gbenga Daniel of Ogun State and members of the House of Assembly yesterday claimed its first casualty as the Governor today  ordered the redeployment of his Special Adviser on Legislative matters, Mr. Sesan Lawal.

By Vincent Ujumadu AWAKA -  THE last may not have been heard of the controversial N250 million allegedly intercepted from an aide of Governor Peter Obi of Anambra State by the police in Lagos, as enormous pressure is being mounted on the Peoples Democratic Party (PDP)- dominated Anambra State House of Assembly to commence impeachment […]

Nigeria’s government, facing substantially lower oil revenues in 2009, will push through a large fiscal deficit, which we believe will be financed via the excess crude account. Meanwhile, growth is forecast to fall below 4.0 per cent for the first time since 2000, with risks to the downside.

The Police had planned to swoop on certain persons in both Lagos and Osun states in connection with their refusal to appear before the investigation team.

As a result, my hostility towards my husband thawed and he started coming to visit. He used to be quite randy and it was a shock to discover that he seldom wants sex. He is in his mid-fifties and I will be 50 soon. Why has his sex life changed so much in just seven years? Are there ways of getting him back on track?

“There is serious safety and economic benefits in this which the operators failed to realise. We are still working on this and do hope that we will get a favourable position from the court to check this,” he said.

* Melaye apologises, quits as c’ttee chair By Luka Binniyat  and Tordue Salem ABUJA—The Speaker of the House of Representatives, Mr. Dimeji Bankole, yesterday decisively defeated, yet the most formidable opposition to his leadership when a section of the House failed to remove two principal officers of the House over allegations of fraud in the […]

By Emmanuel Aziken & Inalegwu Shaibu ABUJA—The Attorney General of the Federation, Mr. Michael Aondoakaa (SAN), was yesterday attacked by Senators over his non-appearance at a joint Senate enquiry on the alleged $180 million Halliburton scam.

By Vincent Ujumadu AWKA—GOVERNOR Peter Obi of Anambra State has insisted that no money belonging to the state has been misappropriated under his administration, assuring the people that he would never be part of those whose aim of going into government was to short change the people.

By Michael Eboh & Naomi Uzor LAGOS—Following the effect of the global economic crisis on the Nigerian economy and businesses in the country, Chief Ernest Shonekan, has called on governments at all levels to introduce stimulus packages for industries, to boost their productivity and make them compete effectively with their counterpart in the global community.