On Saturday May 3, the 50 Past Winners of ”Vision of the Child” (VOTC) participated in a live Painting and Literary Arts competition at the Federal Palace Hotel, Victoria Island, Lagos. This birthed the stunning works exhibited at the Civic Centre Hall during the Award night.

Mr. Philip Gbasin, Director Projects, Delta State Oil Producing Areas Development Commission, DESOPADEC, has said that the reduction of insecurity and vandalism of oil assets in the Niger Delta region, will be dependent on the passage of the Host Communities bill, now before the National Assembly.

Victims of human trafficking deported to Edo state from Italy, Libya, and other parts of the world are being reintegrated into the Nigerian society, by Edo State Government, it emerged last weekend.

The All Progressives Congress, APC, screening committee from the national secretariat of the party for the Osun West Senatorial seat yesterday has disqualified Senator Mudashiru Husain from participating in the party primaries.

Following credible and confirmed information about the convergence of some elements of suspected Boko Haram terrorists at Jarawa village, Kala Balge Local Government Area, Borno State, troops of 3 Battalion, 22 Brigade Nigerian Army of Operation LAFIYA DOLE, in conjunction with some Civilian JTF today, Sunday 11th June 2017, carried out a successful clearance operation […]

Centre for Niger Delta Studies, CNDS, of the Niger Delta University, Bayelsa State, has bemoaned the prevalence of corruption in the oil and gas industry, calling for increased transparency and accountability in the sector.

UNILEVER Nigeria Plc, one of the leading multinationals on the Nigeria Stock Exchange, NSE, has presented a, rather, mixed sentiment in the stock market in the days after April 18, 2017, when it announced an impressive first quarter 2017 (Q1’17) results.

In retrospect, in October 2016, the Minister of Finance, Kemi Adeosun, announced the Federal Government’s plan to borrow $29.96bn for infrastructural development from Multi-lateral Agencies, which include the World Bank and the African Development Bank.

The figure increased from a loss position of N5.5 billion to a profit of N12.45 billion across the group driven by slight underwriting improvements in the non life business and release of the reserves in the life business.

Even before the CBN made the BVN mandatory, AMfB has started requesting BVN from all our customers, we partnered with top commercial banks to get them to enroll our customers for BVN and we linked up with the Nigeria Inter-Bank Settlement System (NIBBS) to ensure we can verify those BVN and as at today almost 40,000 of our customers already have BVN and we are extending that to all savings customer. We are on track regarding that.

It is going to be difficult in the next one or two years because what is happening now is that they are contributing a percentage of their balance sheet, which means that even if they are making loss, they will still contribute. And some of them are contributing more than the profit they are making because it’s tied to their balance sheet. But the law is very flexible, to the extent that CBN, based on the law, has the discretion to tweak with the contribution rate. But I am sure if the industry picks up, at certain point in time and the banks are doing well, I am sure it will be visited but all of us know what is happening in the banking industry today, so we have to be careful so that we don’t overburden them with contributions, and at the end of the day it will come back and create another problem.

TODAY is June 4, 2017 and a national newspaper announced that the Presidency does not intend to reject the 2017 Budget without telling the people of Nigeria when it will be signed. On the day the National Assembly, NASS, approved N7.441trn, the Deputy Senate President made a self-evident truth that passing the appropriation bill is one of the most important functions of the legislature. He might have added that it is also one of the most important jobs of the Executive branch.

The notorious kidnap gang leader, Chukwudi Onuamadike, a.k.a Evans, who was arrested, weekend, in Lagos, stunned the Commissioner of Police, Fatai Owoseni, during interrogation when he pleaded passionately, in tears, that he should be given a second chance to change to a better person, and become a born-again Christian.

The truth of the matter is that those companies that are listed in the ASeM are more like moribund. They are not active in terms of releasing their results. What the alternative market is supposed to be is the stepping stone to the main market. A company that is aiming to go to the Main Board will first be listed there, and after it has demonstrated some level of competence, it will be graduated to the main market, but that is not the case in our country. If you look at it, for the last three to four years, no single company has moved from the alternative market. Rather, the companies will want to jump from the starting point to the main broad.

The Nigerian stock market was adversely affected by economic situation of the country in the last two years; but in recent time, we have started seeing some improvement. The rally in stock market is majorly attributed to the monetary policy changes, such as the Investors and Exporters, I & E forex window, which allow investors to bring in their money at a well known market determined price.