The declining fortunes of the naira continued yesterday as it depreciated by 17 kobo against the dollar in spite 50 per cent drop in foreign exchange demand.

Stock indexes rose Monday as a flurry of reports bolstered hopes that the economy is recovering.The stronger reports on manufacturing activity and personal incomes helped shore up the market’s sentiment after three straight losing weeks that left stocks with a loss for January.

The Board of Directors of Cornerstone Insurance Plc has announced the appointment of a new Managing Director/Chief Executive Officer, Mr. Livingstone Magorimbo to oversee its insurance operations.

All laws inhibiting laws militating against the development of insurance industry in the country are to be reviewed and amended before the end of this year ahead of December 31, 2011 deadline.

Retirees of Federal Mortgage Bank of Nigeria (FMBN) have appealed to the Federal Government to intervene and save them from the dehumanising treatment by the Bank’s management.

An insurance levy on financial institutions to help bail out banks in any future financial crisis has been backed at the World Economic Forum. Politicians and bankers have expressed support for the idea, while the International Monetary Fund (IMF) has described it as “practical”.

The African Iron Ore and Steel Association on Monday in Abuja, urged the Federal Government to cancel the privatisation of Zuma, Osogbo and Delta Rolling Mills. The companies were sold in 2005 under the privatisation policy of former President Olusegun Obasanjo.

MOVING round some popular streets in Apapa Local Government Area, one will not fail to notice certain billboards conspicuosly mounted at strategic locations. On each of the billboards are the carefully displayed photographs of the Apapa Local Government Chairman, Hon. Ayodeji Joseph and a bad road placed side by side a newly constructed one with drainage system.

Kano — The Kano State Council of the NUJ has urged the National Inter-religious Council “to be more active” at the grassroots in its efforts to stem religious conflicts in the country. The council made the appeal in a communique at the end of its monthly congress yesterday in Kano. The document, jointly signed by […]

By Chidi Nkwopara OWERRI—Imo State House of Assembly, in a surprise move, yesterday, unanimously adopted a motion, urging Governor Ikedi Ohakim to immediately sack the transition committees of the 27 local government areas of the state. The lawmakers, who suspended their vacation to attend the Assembly’s special sitting, also urged the executive to use its […]

By Patience Ogbodo BAUCHI —  Some political appointees in Bauchi State have rejected the appointment given to them  by Governor Isa Yuguda. Vanguard investigation at the office of the Secretary to the State Government, General Services revealed that only  few of the political appointees have received their letters of appointment. One of the returnee aides […]

Koton-Karfe (Kogi) —  The Chief Judge of Kogi State,  Justice Nasir Ajana, has warned judiciary officers, whose relations constitute the bulk of ghost workers in the state’s judiciary, to dispense with their services immediately. He told judiciary staff and officers at Koton-Karfe High Court, yesterday, in conti-nuation of his tour of judicial divisions, that the […]

By Abdallah el-Kurebe Sokoto — The Academic Staff Union of Universities, ASUU, has chided the Federal Government on its failure to tackle many national issues, which include the state of the economy, constitution reforms, insecurity, the citizenship question, criminal violence, the Niger-Delta question, Jos crisis and president’s sojourn in Saudi Arabia. Addressing a newsmen at […]

Nigeria’s celebrated former football star, Jay Jay Okocha, is set to mobilise Nigerian youth for the gubernatorial candidate of the Peoples Democratic Party, PDP, Professor Chukwuma Soludo in this weekend election in Anambra State because of Soludo’s pledge to create between 300, 000 and 500, 000 jobs if elected governor. Okocha made the pledge in […]

Members of the Committee set up to probe allegations of financial impropriety against Governor Babatunde Fashola of Lagos State by the Lagos State House of Assemby have expressed concern over their safety due to alleged threats messages received via phone calls and texts .