A non-governmental organisation, Transformation Ambassadors of Nigeria (TAN), has disclosed that the mandate of President Goodluck Jonathan needs to be renewed so as to enable him consolidate on and expand his modest achievements so far. A member of the orgaisation and professor of sociology, Prof. Joe Okanlawon, made this assertion while speaking with journalists in Awka yesterday. He pointed out that the President has visibly used his transformation agenda to impact positively on the people and the polity. He noted that it is therefore wise, ideal and advisable to allow him consolidate on and spread of the achievements.
Updated 5 Years ago

The Oyo State chapter of the All Progressives Congress (APC) has asked former governors of the state, Adebayo Alao-Akala and Rashidi Ladoja, to stop shedding what it termed “crocodile tears” over the recent rumoured impeachment bid of the state House of Assembly against its party-led government, saying the two governors were products of chaotic governments and cannot now pretend that theirs were governments of peace. The party made this known in a statement issued by its party chairman, Chief Akin Oke, in reaction to two separate statements credited to the two former governors last weekend.
Updated 5 Years ago

The Accountant General of the Federation (AGF), Chief Jonah Otunla, the President of the Nigeria Labour Congress (NLC), Abdulwaheed Omar and a group, the Campaign for Democratic and Workers’ Rights (CDWR) have called on state government to comply with the judgments of the Federal High Court on the funding of the judiciary. Otunla and Omar, in separate letters asked state governors to release all funds allocated to the judiciary in their states in compliance with the January 13, judgment by Justice Adeniyi Ademola of the Federal High Court, Abuja.
Updated 5 Years ago

Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has concluded the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips for a total cash consideration of $1.5 billion after customary adjustments plus a deferred consideration of $33 million. ConocoPhillips’ Nigerian oil and gas businesses consist of onshore and offshore businesses. The onshore business consists of Phillips Oil Company Nigeria Limited, which holds a 20-per-cent non-operating interest in Oil Mining Leases (OMLs) 60, 61, 62, and 63 as well as related infrastructure and facilities in the Nigerian Agip Oil Company Limited (NAOC) Joint Venture (NAOC JV).
Updated 5 Years ago

The Deputy Governor, Corporate Services, Central Bank of Nigeria, Mr. Bayo Adelabu, has said the bank will resuscitate its 82-acre staff estate located at Owode area of Apata, Ibadan, Oyo State, which has been abandoned for many years. While inspecting the sprawling property, which residents of the area claimed had become a hiding place for people of shady characters, Adelabu expressed sadness over the neglect and sorry state of the blocks of building, promising that the management of the bank would begin work at the site immediately and put it into use.
Updated 5 Years ago

The Federal Government said on Wednesday that it had secured a fresh funding of about N100bn for developmental projects over the next five years from the European Development Fund. The immediate past Supervising Minister for National Planning, who is now the Minister of State for Finance, Ambassador Bashir Yuguda, disclosed this in Abuja during his handing over to the newly appointed Minister of National Planning, Dr. Abubakar Sulaiman.
Updated 5 Years ago

Union Bank of Nigeria Plc has recovered N3.5 billion loans in the first half of 2014, showing a significant improvement compared to the N1.5 billion recovered in the corresponding period of 2013. The Chief Financial Officer of Union Bank, Oyinkan Adewale said that the improvement resulted from bank’s aggressively focused on recoveries. She disclosed that as a bank that is also focused on driving business in key sectors of the economy, Union Bank grew its loan book by 55 per cent in the first half of year, to N239 billion.
Updated 5 Years ago

Standard Chartered Bank has said it has increased its commitment to the ‘Power Africa’ initiative by raising its pledge from $2 billion to $5 billion, after reaching its initial commitment in 12 months. The bank had during President Obama’s launch of Power Africa in July last year initially committed $2 billion.
Updated 5 Years ago

In 2009, I decided to attend the National Small Business Innovation Research (SBIR) Conference to understand how the government could partner with businesses and support innovative ideas and technologies. I was frustrated with the lack of capital available for small businesses. Most of the funds being promoted in the finance community were either debt financing requiring the repayment of a loan or equity financing requiring the business to give up a percentage of the profit in exchange for the necessary funding.
Updated 5 Years ago

According to researchers at Duke University, habits account for about 40 percent of our behaviors on any given day. Understanding how to build new habits (and how your current ones work) is essential for making progress in your health, your happiness, and your life in general. But there can be a lot of information out there and most of it isn’t very simple to digest. To solve this problem and break things down in a very simple manner, I have created this strategy guide for building new habits that actually stick.
Updated 5 Years ago