Buhari returns today after 10 days leave

President Muhammmadu Buhari is expected back in Nigeria today after observing his 10 days leave in the United Kingdom. The President who left the shores of Nigeria on Friday, 3rd of August is expected back today, Saturday, ahead of the Sallah celebrations which begins on Tuesday. Aides to the President, Businessday gathered at the Presidential……

Collapsed building: Osinbajo charges relevant agencies on rescue

Acting President Yemi Osinbajo, has described the collapse of a four-storey building in Jabi/Utako area of Abuja, Federal Capital Territory, as an unfortunate incident, and  assured that that all the relevant public agencies are on ground to ensure rescue operations are effectively carried out. Osinbajo who stated this when he visited the scene of the……

Nigeria to provide election support to Guinea-Bissau

Following requests for assistance by Guinea-Bissau, Nigeria’s Independent National Electoral Commission (INEC) is set to assist that country to ensure smooth voters registration, starting from the 23rd of August, 2018. This is just INEC said over 12.1million Nigerians have been registered ahead of the 2019 general elections in addition to the already existing 70m. Chairman……

Defection: Can Saraki declare Akpabio’s seat vacant?

The intrigues and acrimonious power play between the All Progressives Congress (APC) and Peoples Democratic Party (PDP) senators over who controls the upper legislative chamber, will take centre stage, as lawmakers probably reconvene briefly this week to consider the budget for the 2019 elections. It would be recalled that 14 APC senators had defected to……

Borrowing without debt sustainability framework dangerous – World Bank

The World Bank, and other stakeholders have urged lending caution on countries with no debt sustainability‎ in view of rising debt profile in some African countries. ‎This measure, they said would ensure a more prudent and sustainable debt management strategy with rising concerns on debt currently mounting on some African countries. “International Financial Institutions who……

Is cash the problem

The Nigerian Government has announced the take off of Trader Moni: a scheme that offers N10,000 collateral free loans to petty traders in the first instance & much more after repayment. First off all lets all agree this is a political move to share helicopter money as elections draw near, no debate, however I want…

Edo Government to partner landlords on greenery project

The Edo Government says it will partner landlords in Benin City, the state capital, on its greenery project as part of its efforts on environmental sustainability. The Commissioner for Environment and Sustainability, Dame Omoua Alonge Oni-Okpaku, said this while speaking with journalists on Friday in Benin. She said that the project would be driven on……

Insurance claims rise to N11 billion in H1 2018

Nine listed insurance companies on the Nigerian Stock Exchange (NSE) paid N11.28 billion claims to non-life insurance policy holders at half year 2018, an increase of 35 percent over N8.33 billion claims paid in similar period in 2017. The companies are AXA Mansard, Consolidated Hallmark, Cornerstone Insurance, Great Nigeria Insurance and Lawn Union and Rock…….

NNPC plans to list 40% shares on NSE

NNPC the country oil regulator is set to list 40 percent of its shares on the Nigerian Stock Exchange when President Mohammed Buhari grants approval for the Petroleum industry Governance Bill (PIGB). This was made known by Rowland Ewubare, the General Managing Director of the Petroleum Investment Management Services (NAPIMS) who was representing Maikanti Baru,……