By AbdulSalam Muhammad KANO – Officials of the National Drug Law Enforcement Agency clashed with hundreds of drug traffickers during  today  morning  hour leaving one dead with dozens injured in Kano. The rush hour bloody clash between 40 officials of NDLEA and hundreds of traffickers nearly snowballed into a major bloodbath in the city saved […]

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.