Funding gaps: 15 manufacturing companies borrow N418bn from banks

Funding gaps: 15 manufacturing companies borrow N418bn from banks

AT the backdrop of funding exigencies and inability to raise longer term and cheaper capital from the capital market, top 15 companies in the manufacturing sector, listed on the Nigerian Stock Exchange, NSE, were compelled in 2016, to seek expensive and short term bank loans to bridge funding gaps. Thus, they spent N127 billion servicing about N418 billion loan they borrowed.
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More traffic pains as FG shuts Wharf – Apapa road for 12 months

More traffic pains as FG shuts Wharf – Apapa road for 12 months

Motorists plying the ever busy Wharf road, Apapa, Lagos will from this week experience increased traffic pain, as the Federal Government weekend announced restriction of vehicular movement on the road to allow for 12 months reconstruction work which commences this week.

We’re open to dialogue over militants’ threat —Delta govt

We’re open to dialogue over militants’ threat —Delta govt

Deputy Governor of Delta State, Mr Kingsley Otuaro, has said that the Delta State Advocacy Committee Against Oil Facility Vandalism, which he chairs, was always open to engagement with any aggrieved group for positive advancement of the state and nation

Thief forced to eat raw yam in Enugu, dies

Thief forced to eat raw yam in Enugu, dies

A young man, who was allegedly caught stealing tubers of yam at Afor Awkunanaw, popularly called Gariki Market, Enugu, and was forced to eat the yam, has died.

Why FG’ll continue to detain Dasuki,  El-Zakzaky — Lai Mohammed

Why FG’ll continue to detain Dasuki, El-Zakzaky — Lai Mohammed

The Federal Government said, weekend, it would continue to hold on to former National Security Adviser, Colonel Sambo Dasuki (retd), and leader of Islamic Movement of Nigeria, IMN, El-Zakzaky, despite court orders that they be released, in the interest of national security.

DAY 27: Anxiety over 6 kidnapped Model College pupils’ health

DAY 27: Anxiety over 6 kidnapped Model College pupils’ health

After 27 days in captivity, anxiety is mounting over the welfare of the six Lagos State Model College, Igbonla, Epe, kidnapped students. They were abducted within the school premises by gunmen suspected to be militants on Wednesday May 24 from their hostel.

Quit notice: Why FG should revisit past Confab reports —SAN

Quit notice: Why FG should revisit past Confab reports —SAN

Constitutional lawyer and Senior Advocate of Nigeria, SAN, Mr. Sebastian Hon, has asked the Federal Government to, as a matter of urgency, dust up reports of various national conferences that have been organised in the country since independence.

Bakare warns against possible military intervention

Bakare warns against possible military intervention

Convener of the Save Nigeria Group, SNG, Pastor Tunde Bakare, yesterday, gave a stern warning against those plotting to topple the President Muhammadu Buhari government vowing to mobilise Nigerians to resist any military intervention.

Police nab 2 for vandalism

Police nab 2 for vandalism

Men of Ogun State Police Command have arrested two persons for breaking into a mobile network operator’s site at Isara Remo in the state and stealing eight heavy duty batteries, valued at about N1.2 million.

Lagos retrains Directors from 28 MDAs

Lagos retrains Directors from 28 MDAs

Governor Akinwunmi Ambode of Lagos state, has restated the need to train Directors in the state’s 28 Ministries, Departments and Agencies, MDAs, saying this is paramount to his administration in the strive to develop the state’s civil service.