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President Buhari with Prime Minister David Cameron at the Opening Plenary of the Anti Corruption Summit at the Lancaster House London, United Kingdom on 12th May 2016 Nigeria is facing a multidimensional crisis that may crumble Africa’s most populous country under President Muhammadu Buhari, a former military dictator turned democrat who promised to heal his […]

The Federal Government of Nigeria on Friday signed a N17.8 billion agreement with the World Bank to promote youth employment, access to socio economic services and to strengthen public financial management systems. The four beneficiaries are Edo, Delta, Bayelsa and Rivers States. Below are the details of that agreement.* Signing of Grant Agreement on the […]

Soldiers from the 7th Division of the Nigerian Army stand outside the Government Girls Secondary School Chibok in Borno State north-eastern Nigeria on March 25, 2016. There’s not much left of the Government Girls Secondary School in Chibok, northeast Nigeria, where Boko Haram kidnapped 276 teenagers in the dead of night nearly two years ago. […]

???????????????????????????????????? The trial of four Mexicans and five Nigerians over alleged operation of a super laboratory for the illicit production of methamphetamine has again been stalled on Friday May 13, 2016 due to lack of a suitable interpreter. The National Drug Law Enforcement Agency (NDLEA) on April 25, 2016 arraigned nine accused persons before Honourable […]

Militant Group,  The Niger Delta Avengers, yesterday threatened it will blow up oil blocs allegedly owned by Northerners and South-Westerners in Niger-Delta region. They included oil blocs owned by former vice president, Atiku Abubakar , former minister of Petroleum, Alhaji Rilwanu Lukman and Mike Adenuga giving them two weeks shut down operations and evacuate the […]

The Federal Government on Thursday said it would review the current tax laws in the country in order to keep pace with the rapid changes in business practices. It said most of the tax codes in the country have become outdated, adding that with the objective of the government to drive the economy through revenue […]

The Federal Government Increased the price of fuel to N145 on Wednesday 11th of May to the dismay of some Nigerians. A lot of the people who were angered by this increase believe it will translate to hardship for poor Nigerians. Their concerns are very real with inflation rate set to rise when the National […]

Unity Bank Plc released its 2016 first quarter results showing pre-tax profits for the quarter of N920.5 million representing a drop of about 73% when compared to the N3.2 billion reported a year earlier. The banks also reported a Gross earnings of N12.4 billion compared to N15.5 billion a year earlier. Whilst the result was […]

Presco Nigeria Plc released its 2015 Full Year results showing profit after tax dropped 55% to N2.3 billion (2014 FY N5.2 billion). The company also reported toppling revenue growth of 14% with revenues rising to N10.4 billion compared to N9.1 billion the year earlier. A further look at the results reveals that the reason for […]

African Export-Import Bank (Afreximbank) has allocated $20 billion to airlines whose countries are members of the continent’s bank. According to the Senior Manager, Syndications and Specialised Finance of Afreximbank, Samuel Mugoya, this loan is for the purpose of reviving and sustaining airline operation in the continent and only airlines that intend to acquire new aircraft […]

Another round of devaluation of the naira will compound the woes of Fist Bank Plc as over 50 percent of the lender’s spiralling non performing loans (NPLs) are dollar denominated, analysts at Ren Cap say.First Bank has suffered a significant drop in profit caused by huge impairments on financial assets otherwise known as loan loss […]

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.