The President of the Manufacturers Association of Nigeria, Mr. Kola Jamodu, has thrown his weight behind the planned removal of fuel subsidy by the Federal Government.Jamodu who told newsmen that the removal was a ‘necessary evi...
AIICO Insurance plc has recorded a 23.5 per cent drop in Profit After Tax during the third quarter ended September 30, 2011.In a report from the Nigerian Stock Exchange(NSE),the unaudited result for the third quarter showed a Profit After Tax of ...
Nigeria’s low growth in gross domestic product(GDP) has been blamed on lack of efficient allocation and management of the nation’s abundant human and natural resources.The Minister of Trade and Investment, Mr. Olusegun Aganga, stated this d...
The ongoing implementation of the National Identity Management System (NIMS) received a boost with the recent approval of the sum of N30.066billion for the accelerated implementation of the ‘back end’ component of the project by the f...
The Federal Inland Revenue Service (FIRS) has so far collected N21.94 billion due to the Federal Capital Territory (FCT) from January to September 2011. This amount represented Pay-As-You-Earn (PAYEE) and Personal Income Tax (PIT) collected from the re...
Transactions on the trading floor of the Nigerian Stock Exchange(NSE) continued in an upbeat, occasioned by price gains by major blue chip companies, just as market capitalisatison rose by N23billion. Particularly, at the close of transactions yesterda...
The governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, yesterday appealed to the Senate to approve the request to increase the contribution of the federal government to the Asset Management Company of Nigeria (AMCON)to N500 bil...
In view of the ongoing controversy surrounding the proposed removal of fuel subsidy, the Nigeria Labour Congress (NLC) yesterday directed all Nigerians to get ready for an imminent showdown against policies of the federal government that are further wo...
The stage is set for a showdown between governors and the House of Representatives. The latter has moved to amend the constitution to grant local government councils in the country financial autonomy. Over the years, there has been a constant clamour f...
The Joint Admission and Matriculation Board (JAMB) joined issues with the universities yesterday as the controversy about the conduct of Post-Universal Tertiary Matriculation Examinations by institutions in Nigeria rages on. Both institutions held diff...
Elder statesman, Alhaji Yusuf Maitama Sule, has blamed the nagging security lapses in the country on the inability of the Federal Government to take adequate care of security agencies, particularly the police. Alhaji Sule, who was onetime Nigeria&rsquo...
A mild drama ensued yesterday before the Code Conduct Tribunal (CCT) when the lawyer to former Governor of Lagos State Governor Bola Tinubu, Chief Wole Olanipekun (SAN), canvassed fierce argument that his client would not enter the do...
A total of 1,532 motorists have been arrested for committing 1,782 traffic offences since the ``Operation Sanity’’ in the Federal Capital Teritory (FCT) was launched on Oct. 18, according to the Federal Road Safety Commission (FRCN)....
An Ikeja High Court in Lagos on Wednesday ordered the National Drug Law Enforcement Agency (NDLEA) to produce Nollywood star, Babatunde Omidina, aka `Baba Suwe,’ physically in court on Nov. 1. The News Agency of Nigeria (NAN) reports that ...
With the continuous expression of frustrations over the falling state of football in Nigeria, erstwhile board member of the Nigeria Football Federation (NFF) and Imo State FA chairman, Amanze Uchegbulam has asked football authorities to look inward and...