After weeks of deliberations and speculations, the Action Congress of Nigeria (ACN) yesterday endorsed former President of Nigeria Bar Association (NBA), Mr. Rotimi Akeredolu, as its candidate for the October 22 governorship election in Ondo State.
Updated 7 Years ago

IN order to help develop the entrepreneurial and managerial skills of the awardees of the Youth Enterprise With Innovation in Nigeria (YouWin) scheme, Skye Bank Plc has held a customer engagement and enlightenment forum for the awardees. The YouWin scheme is an entrepreneurial programme set up by the Federal Government young entrepreneurs with excellent business plans and ideas as part of the government’s effort to create wealth and reduce unemployment.
Updated 7 Years ago

The Senate President, Senator David Mark, has said no amount of blackmail can deter the National Assembly from carrying out its oversight functions of exposing corruption and poor administration in all areas of the nation’s life.
Updated 7 Years ago

Nigeria’s foreign reserves continued its downswing as it reduced further by $220 million in four days, to close at $37.242 billion, data from the Central Bank of Nigeria (CBN) showed Wednesday. The reserves stood at $37.462 billion as at last Friday. Price of crude oil in the international market also fell by $1.63 to close at $82.40 per barrel. The development affected the naira as it fell against the dollar by N1.15 to close at N162.40/$1 Wednesdayy, from N161.25/$1 on Tuesday.
Updated 7 Years ago

The country will be faced with another round of banking sector crisis if the banks will continue to lend to the Small and Medium Scale Enterprises (SMEs) with the present state of infrastructures and power, says Mr. Mustafa Chike-Obi, Managing Director, Asset Management Corporation of Nigeria (AMCON).
Updated 7 Years ago

Associated Discount House Limited has recorded a Profit After Tax of N768.5 million in its 2011 financial year, representing a decline of 64.4 per cent, compared to N2.16 billion it recorded in the previous year.
Updated 7 Years ago

Barely two weeks after the Dana airplane crashed in Lagos killing everyone on board and some people on ground, reports say that another tragedy was averted at the Nnamdi Azikiwe International Airport, Abuja when a British Airways aircraft overshot the taxiway of the runway. This was attributed to the failure of the airfield lighting on the runway, which made it impossible for planes to either take off or land.
Updated 7 Years ago

Ecobank Group said it has integrated all its existing subsidiaries into a single point of contact with the intent on delivering a seamless customer brand experience across the network. This is just as the bank has reported a N32.27 billion ($207 million) profit for its 2011 financial year, representing a 57 per cent increase recorded in previous year.
Updated 7 Years ago

The Immediate Past National President of the Nigerian Association of Chambers of Commerce, industry, Mines and Agriculture (NACCIMA), Dr. Simon Chukwuemeka Okolo has called on the federal government to have a thorough re-assessment of Nigeria’s monetary policy regime with a view to coming up with a fiscal policy that will best address the nation’s current economic woes.
Updated 7 Years ago

Stockbrokers have called on the federal government to provide a stimulus package worth about N500 billion for the Nigerian capital market if it is serious about reviving the fortunes of the market.
Updated 7 Years ago