‘It ‘s worrisome, unfair that an Awori has never been elected as Lagos Gov ‘
A former President of the Nigerian Institute of Management, Dr Michael Olawale-Cole,
on Sunday called on Awori people to deploy necessary resources to participate actively in politics at all levels to take advantage of it for national service.
8 killed, LG boss, monarch’s houses burnt in Ogoni
PORT HARCOURT—No fewer than eight persons were again feared killed and houses, including home of Khana Local Government Chairman, Lahteh Loolo and a wing of the palace of HRH T. W. Baridam, Gben-Neme Bangha, razed as bandits struck at Opouku and Bangha communities in Ogoniland, Rivers State, yesterday.
Man docked for stealing DPO’s phone
Lagos—A 22-year-old man, Taofeek Salau, who allegedly stole the phone of Mushin Divisional Police Officer, Ayodele Arogbo, valued at N140,000, has been arraigned before a Lagos Magistrate’s Court sitting in Mushin.
Banks lose N1.1trn to IFRS 9 rule on bad loans
THE banking industry lost N1.1 trillion in total assets as a result of compliance with the requirements of the International Financial Reporting Standard (IFRS) 9 on recognition of bad loans.
Osinbajo restates FG’s commitment to lift 100m Nigerians out of poverty
Vice President Yemi Osinbajo, weekend, restated that the primary objective of the Federal Government was to lift 100 million Nigerians out of poverty.
NASU, SSANU begin strike today, say it’ll be total
ABUJA— NON-teaching staff unions in universities have directed all branches and members to comply with the proposed strike that commences today, declaring that it would be total and comprehensive.
Ekiti eyes capital market to fund infrastructure
EKITI State Government has commenced moves to approach the capital market for funds that would enable it provide critical infrastructure.
Nigeria to spend N2.53bn on 43 ministers
…Each minister to get N58.766m …Earns N11.652m a year …Severance pay, furniture allowance N12.158m By Clifford Ndujihe &Victor Young EXCEPT there is a salary cut or their number is reduced, the welfare of the 43 ministerial nominees, who will be sworn-in on Wednesday, will cost Nigeria’s tax payers at least N2.53 billion in the next […]
Capital market can provide funds to bridge N3 trn infrastructure gap — United Capital MD
Managing Director, MD, Investment Banking at United Capital Plc, Babatunde Obaniyi in this interview speaks on fund raising from Nigerian capital market to finance infrastructure deficits , mergers and acquisitions to meet capital requirements of corporate entities, apathy for equities, need for diversification to fixed income, instruments, power sector challenges, among other issues. Excerpts:
Will the last investor on the NSE please put out the lights?
WHEN in 2016 the forecast of a continuous decline in stock prices was made, a friend asked me when it will end and a recovery gets underway. The answers provided were simple. The bad news for investors, whether in the capital market or elsewhere, will continue as long as Nigeria has a Federal Government whose leaders don’t understand how modern economies work.
Enugu gears up S-East Housing Summit
ENUGU—Real Estate Developers Association of Nigeria, REDAN, South-East zone has concluded arrangements to host a major Housing Summit and Exhibitions next month.
