Summon Ameachi, Siriki, others By Levinus Nwabughiogu ABUJA—The House of Representatives, yesterday, told ministers and other public officials working with the Executive arm of government that they were subject to scrutiny at all times on how budgetary allocations to their offices were used. The lawmakers also said it would be an illegality, which attracts a […]

Foreign investment into Nigeria  fell by 48 per cent, quarter-on-quarter, the third quarter of the year to $2.9 billion triggered by increasing apathy of  foreign portfolio investors to the nation’s financial markets  due to political uncertainty and rising interest rate in the United States of America.

Worried by the dearth of teachers specially trained to teach in science and technical colleges, Edo State Governor, Mr Godwin Obaseki, has sought the collaboration of the National Board for Technical Education (NBTE) to train a new crop of teachers for the colleges.

Nigeria’s credit profile (B2 stable) is constrained by the sovereign balance sheet’s continued exposure to shocks because the government has been unable to expand its non-oil revenue base sufficiently, Moody’s said in its report, yesterday.

Another 66 customers of Hubmart Stores have emerged winners in the second draw of the retail shopping giant’s loyalty scheme tagged, ‘Hubmart Awoof  Promotion’.

Last week I started an examination of the effect of the bills currently pending before the National Assembly for the creation of 80 new Federal Institutions of higher learning. I detailed how this would be counterproductive given that most of the existing institutions continue to be starved of much required funding leading to the ongoing strike by members of the Academic Staff Union of Universities (ASUU). As stated earlier, the focus should not be in creating more universities, but ensuring that the current ones are brought up to the level that they can compete with other universities regarded as world class around the world.

AS part of efforts to step up its compliance regulatory role, National Pension Commission, PenCom, few days ago, gathered stakeholders at Uyo, Akwa Ibom State.

In recognition of its high standard, quality of human resources development, training and capacity building, the Chartered Institute of Bankers of Nigeria (CIBN) has certified and awarded UBA Academy the certificate of accreditation in line with the Central Bank of Nigeria’s Competency Framework for the banking industry .

Ukraine has expressed a protest at the Maritime Safety Committee of the International Maritime Organization (IMO) due to Russia’s armed attack on Ukrainian military boats. Thirty-four IMO countries supported Ukraine’s position, according to the Embassy of Ukraine in the United Kingdom.

Nigeria’s trade balance nosedived by 67.6 percent, quarter-on-quarter, to N681.3 billion in third quarter of the year (Q3’18), due to upsurge in import.  Nigeria Bureau of Statistics (NBS) disclosed this yesterday in its foreign trade report for Q3’18.