Standard & Poor’s (S&P) Wednesday predicted that Nigerian banks may report increased loan losses from next year amid anticipated growth in lending. Bloomberg quoted S&P’s Johannesburg-based analyst, Matthew Pirnie, to have forecast that the Nigerian banking industry would record between 20 and 30 per cent rise in loans and deposits this year due to foreign exchange and non-oil industry lending.
Updated 7 Years ago

The Movement for the Emancipation of Niger Delta (MEND) has said it will resume attacks on Nigeria's oil industry from April 5. MEND, in an e-statement by its spokesman Jomo Gbomo, said it will start from April 5 to carry out “a plague of attacks”.
Updated 7 Years ago

No fewer than 5,000 people were rendered homeless on Wednesday night folowing a fire outbreak in Kara, Isheri area of Ogun State, where properties worth several millions were destroyed. The makeshift structures, opposite the cattle market, popularly called Zaria Estate, were razed, but no live was lost in the incident.
Updated 7 Years ago

The Nigerian Meteorological Agency (NIMET) has warned farmers in Abuja and its environs not to be tempted to start planting now with the early rains until April. NIMET’s general manager, public weather services, Mr. Wilson Sampson, gave the warning in an interview with the News Agency of Nigeria (NAN), in Abuja.
Updated 7 Years ago

The governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has said that he does not plan to vie for a second term as governor of the CBN because the job he set out to do is already largely done. Sanusi said that he had intimated President Goodluck Jonathan way back in 2011 that he would not be interested in seeking second term in office on the expiration of the present tenure in June 2014.
Updated 7 Years ago

Leader of the Movement for the Emancipation of the Niger Delta (MEND), Henry Okah, Tuesday bagged a 24-year jail term for his complicity in the October 1 twin car bombings that disrupted the celebration of Nigeria’s 50th independence anniversary in 2010.
Updated 7 Years ago

Abuja - The federal government has released 1.5 million doses of measles vaccines to worst hit states in the northern part of the country, a top official said on Tuesday. A statement from the National Primary Health Development Agency, (NPHCDA) in Abuja said Kano State got 500 000 doses, Katsina State 400 000 doses, while Sokoto State got 300 000 doses.
Updated 7 Years ago

As Google announces its White Space plans in the Republic of South Africa,Samsung too is extending its operations across the the continent. Apple’s investments in Africa are more limited. Who will win the race for the next emerging electronics market?
Updated 7 Years ago

The Nigerian Immigration Service (NIS), Monday repatriated 57 out of the 100 illegal immigrants arrested during last Friday’s raid in Ijora-Badia area of Lagos State by the state Police Command and the state Task Force on Environment and Other Offences. While the 57 aliens from the Republic of Niger were repatriated, 18 of the illegal immigrants from Mali who had fled their war-torn country, were transferred to the United Nations Refugee Commission to take action.
Updated 7 Years ago

Odu’a Group Limited, an off-shoot of the Western Nigerian Development Company (WNDC) is building a massive mall in the central business district (CBD) of Ibadan, the Oyo State capital, to be known as Heritage Mall.
Updated 7 Years ago