Awka—MANY residents in Awka, Anambra State capital, have been counting their losses, following the destruction of their property by flood during a down pour that lasted several hours.

YENAGOA—A two-year-old girl was, last Saturday night, burnt beyond recognition in Yenagoa as fire broke out at a slum located opposite the Law Faculty of Niger Delta University, NDU, Ovom, a suburb of the city.

Speaking on the N50 million Micro Small and Medium Enterprises Development Fund (MSMEDF) intervention fund received by the bank, he noted that the fund has been fully disbursed, saying, “We have fully disbursed the entire N50 million and we disbursed it to the education sector to support micro entrepreneurs in the sector and we will be approaching the Central Bank of Nigeria for the next tranch and so we will continue to add value. The education sector is absolutely critical just as the agric sector and other sector that we play actively in,” he said.

Later in 2014, even when Jonathan and his former Finance Minister were assuring Nigerians that we would not be adversely affected by the falling price of crude oil the point was made in an article titled THE AGE OF OIL IS OVER FOR NIGERIA. Consequently, I declared that by 2015 the Federal Government and States would not only be experiencing difficulties paying salaries, as well as other entitlements, as and when due, Federal and State budgets will be reduced for years to come from what they were in 2013. First, let us read what President Jonathan said, based on advice from Dr Ngozi Okonjo-Iweala.

Keep your information secure and confidential. The e-filing environment is secured and safe with your User ID and password, ITAS/SIGTAS platform will ensure that your tax information will be safe and confidential. The system takes all submissions by taxpayers as self assessment. The system does the calculation at back-end for you.

It is ironical that despite the raging public debate on whether or not to sustain the regime of fuel price subsidy, our government may have, regrettably, once more, inadvertently doubled the existing N50/litre subsidy. The Petroleum Product Pricing Regulatory Agency’s template indicates that as at June/July 2015, the “subsidy free” price of petrol hovered around N140/litre; thus, the regulated pump price of N87/litre, implies that motorists currently pay over N50/litre less than the actual recovery price.

Some finance experts have commended the Federal Government for securing $2.1 billion (N393.9 billion) pledge from the World Bank toward the rehabilitation of areas ravaged by insurgence. They said, in Lagos that the credit pledge was a clear indication of government’s commitment to restoring the socio-economic potential of the area. Dr Osi Itsede said the federal government’s effort was not only commendable but a proactive step toward the rebuilding of North-East from the degradation by insurgents.

“In consideration of the underlying fundamentals of the economy, the evolving international economic environment, developments in oil prices as well as the need to allow for the unveiling of the economic agenda of the Federal Government, the Committee decided by a vote of 8 to 4 to retain the Monetary Policy Rate at its current level of 13 per cent, by a unanimous vote to retain the CRR at 31 per cent while 4 members voted to remunerate the CRR”, said the CBN Governor, Mr. Godwin Emefiele, in a communiqué issued at the end of the meeting.

This is because a lot of the things they are using are not the same. They don’t use the same application they have been using for capturing your visa application request. They have to set up a separate secure one for us. They are the ones incurring this cost and they are not paying us one kobo. There is nothing that comes to us in any shade, form, or manner. We just told them, recover your cost. And they have agreed to go to countries that don’t have Nigerian banks. They are going to China, India, and we have two or three locations in U.S

Initial step is for a borrower to take out a mortgage loan from a participating mortgage lender based on the uniform underwriting criteria set by NMRC. In return the borrower will provide regular repayments of the loan principal plus interest. The borrower will also provide collateral in the form of a mortgage over the property to be purchased.

Stakeholders are of the opinion that the biggest economy tag will not be sustainable unless Nigeria becomes an export-driven nation which will only happen if its industries are operational and that will come with constant electricity supply. The issue of epileptic power supply has been a recurring decimal in Nigeria and successive governments have been unable to solve the problem. With the new administration, there is hope of resuscitating identified power projects.

AMERICA has long been regarded as Nigeria’s strategic ally. In fact, Nigeria has essentially been modelled after the USA. When oil boom derailed our economy in the 1970s and 1980s, we set out to transfer the economy to the private sector. We removed government from the business of doing business. Before then in 1979, we […]

As the Roman historian, Plutarch (AD 46-120?) had noted “The mind is not a vessel to be filled but a fire to be kindled.” Given their corrupt and greedy lifestyles, Nigeria’s leaders do not seem to care about integrity or moral values. They are good at predicting the future without creating it. As Peter Drucker has observed, “If you want to predict the future, create it.”

If one puts Honda’s planned production of 1,000 per annum beside that figure it is a drop in the ocean. Honda’s entry is a good start and a vote of confidence in the sustainable buying power of Nigerians but it will not make a dent any time soon. For the near future, the needs of the majority of car buyers in Nigeria can only be met by imports because these manufacturers’ efforts are mere drops in the ocean.

The police at the Murtala Muhammed Airport, Lagos, yesterday, arrested a man for stealing $1,400 from a female passenger on an Air France flight.