AN erroneous belief that relevance of oil approximates to the life span of Nigeria’s oil reserves partially fuels the laxity with which the authorities treat diversification of the economy. Concerns over dependence of the economy on oil raged more than three decades ago. Now, Nigeria’s dependence on oil is total, yet the matter is discussed as one of several issues beleaguering Nigeria.

Indoor sports

In line with the agreement reached before Mrs Baribote agreed to withdraw the case against the Nigeria Football Federation at a Jos High Court, the Aminu Maigari-led board has commenced fence-mending measures aimed at achieving a permanent truce at the Glass House.

Inhabitants of Obiakpu Egbema in Ohaji/Egbema local government area of Imo State have completely deserted the community, following the deadly clash between two rival cult groups, Degbam and Dewell.

The National Human Rights Commission, NHRC, and the Chairman of its Governing Council, Dr. Chidi Odinkalu, have approached the Federal High Court in Abuja, asking it to vacate the order that stopped the execution of the commission’s verdict on the cold blood massacre of eight squatters at an uncompleted building situated at the Apo legislative quarters.

The People’s Democratic Party (PDP) in Ekiti on Sunday warned the House of Assembly against recognizing Saturday’s referendum on new local government creation.

Wema Bank Plc is faced with the risk of being delisted from the Nigerian Stock Exchange, NSE, Daily Official List ,over its failure to increase the percentage of its public float to the regulatory required standard.

SENATE President, Senator David Mark, has denied the allegation that the ruling Peoples Democratic Party, PDP, entered into agreement to cede some senatorial and House of Representatives’ seats to opposition parties, especially in Anambra State, in the forthcoming 2015 general elections.

Asset Management Corporation of Nigeria (AMCON) will receive N6.25 billion dividend from the profit made by Mainstreet Bank in its 2013 operating year.

AS the nation inches closer to the 2015 general elections, the issue of zoning of the gubernatorial seats in the states has thrown up complex political intrigues.

When a subsidiary of Coca-Cola in Ghana transfers (that is, sells) goods, services or know-how to a Coca-Cola subsidiary in Nigeria, the price charged for these goods or services is called ‘transfer price’ and the transaction is referred to as a transaction between ‘connected persons’.

Undoubtedly, innovation is playing an increasingly important role in the Nigerian financial services sector.

Governor Rauf Aregbesola re-election bid weekend received a boost as a chieftain of the PDP Senator Felix Ogunwale declared his total support for the APC candidate.

GOvernor Rauf Aregbesola of Osun State has assured the people of the state that by the end of his second term in office, no school will be left with any dilapidated classroom.

Nigerian athletes to the Commonwealth Games in Glasgow, Scotland are the poorest dressed among the delegations that will contest for sporting honours when the events begin on Wednesday.