A report has predicted that the contributory pension fund will rise to N6.9 trillion before the end of 2015. It also said that the number of savers on the contributory pension scheme would increase by 9.8 per cent to about 6.5 million by the end of 2014. In addition, the report projected a growth of 9.9 per cent to 7.14 million pension savers by the end of 2015.
Updated 6 Years ago

The Central Bank of Nigeria (CBN) has restated its commitment towards building a resilient financial sector. The CBN Governor, Mr. Godwin Emefiele, made this known during the 14th annual Risk Managers Association of Nigeria (RIMAN) national conference themed: “Risk Regulation and Financial Sector Stability in Nigeria,” in Lagos at the weekend.
Updated 6 Years ago

FirstBank of Nigeria Limited has successful issued a $450 million tier-2 Eurobond, THISDAY learnt at the weekend. The debt instrument with a seven-year tenor has a call option after five years. According to a reliable industry source, the Eurobond also has a coupon of eight per cent and 8.25 per cent yield to maturity.
Updated 6 Years ago

Worried about their safety and the determination to ensure that they do not back down on the impeachment plot against the Nasarawa State Governor, Alhaji Tanko Al-Makura, by the state House of Assembly, THISDAY gathered that some presidency and Peoples Democratic Party (PDP) officials have facilitated the relocation of the state deputy governor, Damishi Luka Barau, the Speaker and 20 members of the Assembly to a private home in Abuja.
Updated 6 Years ago

As the National Conference awaits its August 4 resumption date to consolidate and reconcile its report, there are alleged clandestine moves by some northern delegates to stall the report of the conference when it is eventually submitted to the National Assembly. The conference was abruptly adjourned till August 4 due to the inability of the delegates to reach a consensus on resource control, stabilisation fund for the development of solid minerals and rehabilitation of places experiencing violence, especially in the North-east region.
Updated 6 Years ago

The Conference of Nigerian Political Parties (CNPP) has asked President Goodluck Jonathan to use his good offices to stop the ongoing medical doctors’ strike which started on July 1. A statement issued by its National Publicity Secretary, Mr. Osita Okechukwu, urged the president to save lives and stop the Nigeria Medical Association’s (NMA’s) strike by adequately funding the medical sector, and correcting the imbalance therein.
Updated 6 Years ago

In his new book, Smart People Should Build Things (HarperBusiness, 2014), the "recovering lawyer" and founder ofVenture for America Andrew Yang offers up his opinion on how our country can rectify our current economic problems – have smart people build things. His book delves into an innovative model on how entrepreneurs and our youth can launch small businesses and revolutionize industries. Yang also touches on what policy makers and individuals looking for jobs should do to ensure entrepreneurship is both attainable and realistic.
Updated 6 Years ago

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy. It shouldn’t be taboo and it is possible. At the age of 21, I got out of college, broke and in debt, and by the time I was 30, I was a millionaire.
Updated 6 Years ago

An ironic twist in Nigeria’s economic story has presented itself with Renaissance Capital’s report that flags manufacturing as the major driver of economic growth in Nigeria. This is ironic because the country has been ridden with crippling power challenges that have historically been a key impediment to the development of manufacturing in the country. Apparently, the transformation agenda of the Federal Government is making a direct impact on manufacturing in Nigeria.
Updated 6 Years ago

In the heart of Victoria Island, Lagos Nigeria, will soon stand an 18 Storey residential tower with seven 3-bedroom, thirteen four bedroom and two duplex penthouse apartments. Known as Ramzi Towers, the structure is designed to give 360 degree panoramic views from 5 Cowries Creek and the Lagoon beyond, to downtown Lagos and across the Gulf of Guinea to the Atlantic Ocean, its designers –SPARK Architects –revealed. The project, managed by WT Partnership UK and engineered by Battle McCarthy UK, is been developed for Athena Capital Limited.
Updated 6 Years ago