Foreign reserves dip significantly, reverses previous gains

LAGOS — Amid myriad of restrictive measures to stem the steady slide in the external sector of the economy, a significant reversal of gains has been recorded in the foreign reserves, with latest figures at $27.1 billion as at last weekend, showing a decline by $730 million or about 2.6 per cent in April 2016, against $27.9 billion recorded in March.
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Whither digital hydro advertising?

Digital hydro advertising seems to have died in Nigeria along with Late Managing Director of Spot-On Media, Sesan Ogunro. Since his demise, no ad agency has been able to replicate or repeat the feat exhibited at the Marina waters by Falomo Bridge, Ikoyi, Lagos, first of its kind in Africa.

Book keeping, airlines debt recovery imbroglio

The protracted debt reconciliation problem between the Federal Airports Authority of Nigeria, FAAN, and domestic airlines has brought to the fore once again the popular view, or what is almost becoming a fact, that government ministries and parastatals do not keep proper accounting records of financial transactions they engage in.

Cultists kill 4 in Rivers as Police deploy men

PORT HARCOURT—Four persons have been confirmed dead by the Police in Ula Upata community, Rivers State, after suspected cultists stormed the area, Saturday night, shooting sporadically.

WHO warns FG, govs against fresh outbreak of Polio virus

lagos—World Health Organisation, WHO, yesterday, said Nigeria was yet to be certified free from Polio virus and could record a fresh case any moment, saying “If proper measures are not taken by the governments.”

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