Finance experts are undecided about the fate of Nigeria’s Monetary Policy Rate (MPR) after the Monetary Policy Committee (MPC) meeting scheduled to be concluded today. The monetary policy rate is the process whereby the Central Bank controls the supply of money, often targeting a rate of interest for the primary purpose of promoting economic growth and stability. Yvonne Mhango, a…
The Nigerian Accounting Standards Board has waived the general loan loss provision for banks financial year, which ended 31 December, 2010. The board, in a statement on Monday, said this was due to the fact that banks’ have subjected their loan portfolios to extensive review since the beginning of the current Central Bank reforms to up to the end of…
The Federal Government at the weekend said it is committed to decongesting the nation’s ports by activating operations at the six Inland Container Depots (ICD) located in the country’s six geopolitical zones. Minister of transport, Yusuf Suleiman, who disclosed this during his inspection visit to Inland Container Nigeria Limited (ICNL), a subsidiary of Chrome Group, said his ministry would soon…
20 March 2011 Inter Milan closed the gap on leaders AC Milan to just two points ahead of the top of the table city derby in two weeks time with a 1-0 victory over lowly Lecce on Sunday. Giampaolo Pazzini scored the only goal of the game seven minutes into the second period to close even further a gap that…
Gboyega Isiaka, the governorship candidate of the Gbenga Daniel faction of the Peoples Democratic Party (PDP) in Ogun State, whose candidacy was voided by a Federal High Court judgment, has finally got some relief as his name has been included in the final list of governorship candidates for the state announced by Independent National Electoral Commission (INEC). Mr Isiaka’s name…
Twenty-eight graduates are to be awarded with First Class Degree in various disciplines by the Bayero University Kano at its 29th Convocation Ceremony scheduled for Friday. The University is also to confer honorary doctorate degrees on three Nigerians: The governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi; a one-time Defence Minister, Theophilus Yakubu Danjuma and a US-based…
The governor of Osun State, Rauf Aregbesola, has blamed his Oyo State counterpart, Adebayo Alao-Akala for the ownership crisis facing the Ladoke Akintola University of Technology ( LAUTECH), Ogbomosho, saying despite Mr Alao-Akala’s unilateral announcement that the institution is solely owned by Oyo State, it remains the joint property of both states. Mr. Aregbesola’s criticism follows the refusal of the…