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President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval. Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. The Debt Management Office...
This time it’s official! Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part...
’Femi Asu- Punch A British firm, Savannah Petroleum Plc, has announced the completion of the acquisition of Seven Energy International Limited, a Nigerian oil and gas exploration, development, production, and distribution group. Seven Energy, which described itself as the leading integrated...
A total of six banks generated N675.9bn from non-interest income in the first nine months of the year, an increase of about 12 per cent from N606bn generated by the banks in the same period last year. Non-interest income is...
The body of Bank CEOs has commended the decision of the National Communications Commission to suspend the Unstructured Supplementary Service Data charges by telecommunication companies for accessing bank services. The body said about 20 million new customers had been brought...
President Muhammadu Buhari on Wednesday met with the newly constituted Presidential Economic Advisory Council (ECA). Mr Buhari played host to the ECA when the members of the council visited him at the presidential villa in Abuja. The body was constituted last...
Have you ever met someone new and immediately felt like you could talk to them for hours? That happened the first time I met Aliko Dangote. A couple years ago, he and I ended up going to the same event...
Inventions are not a dime a dozen. Thus, they are usually noteworthy when some individuals are identified as inventors for the public good. There have been cases of Nigerian scientists claiming to have invented what was not entirely innovative or...
The recent death of Justice Valentine Ashi of the High Court of the Federal Capital Territory has compounded the inability of the Economic and Financial Crimes Commission to execute its planned move to have a former Minister of Petroleum...
Contrary to the stand of the Federal Government that the nation only has revenue challenge and not a debt problem, economists and experts have said that the country has a huge debt burden. The Minister of Finance, Budget and National...