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7 Shares Share Tweet Share Share Email By Yanick Fonki Ndaley, Douala Cameroon Cameroonian authorities detained four persons at the weekend after a pregnant woman, who was left to die at the government hospital because she could not afford the bill, was cut open by a trader niece with a razor blade to bring out […]

2 Shares Share Tweet Share Share Email Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday, directed that stability test be conducted on all buildings constructed by the Lekki Gardens to ascertain their structural integrity, saying that any building found to be defective will be demolished. The Governor, who addressed Government House Correspondents at the Lagos […]

2 Shares Share Tweet Share Share Email The former National Security Adviser, Colonel Mohammed Sambo Dasuki, has dragged the Federal Government before the Economic Community of West African States (ECOWAS) Court of Justice over his continued detention without trial since December 2015. Dasuki, who was rearrested by the operatives of the Department of State Security […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has revealed that in this present times, it is cheaper to import petrol than to produce in any on the nation’s refineries. He said petrol is currently expensive to refine locally due to the fact that the refineries have not been totally upgraded and refurbished, […]

United Bank for Africa Plc, the lender operating in 19 countries on the continent, has defied macroeconomic headwinds hitting Nigerian companies  as full year 2015 earnings spiked, a result that beat analysts expectation. For the year ended December 2015, UBA’s net income increased by 24.53 percent to N59.65 billion from N47 billion as at December […]Read More

Erin Energy Corporation, has announced the appointment of its current chief operating officer, Segun Omidele, as Chief Executive Officer (CEO). He replaces Kase Lawal who retires in May, 2016. Omidele will assume the role following the company’s annual meeting in May, starting an orderly leadership transition over the next three months. He has served as […]

Punch FG to establish technology development bank:The Federal Government is in the process of establishing a science and technology development bank, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said. Thisday India-Africa Bilateral Trade Hits $72 Billion:The bilateral trade between India and Africa rose from $30 billion in 2008 to $72 billion in […]

United Bank for Africa (UBA) came out today with smoking results that beat analysts’ expectations. While shareholders may be heaving a sigh of relief with Full Year earnings showing resilience, low NPLs and higher profits, a look closely behind the numbers (and drivers of profitability) shows a bank that is not playing its key intermediation […]

The Minister of Science and Technology, Dr. Ogbonnaya Onu, has said that the Federal Government is in the process of establishing a science and technology development bank. This plan was revealed when the Minister received the National Association of Motor Mechanics and Technicians led by its President, Mr.Suleiman Oseni who paid a visit in Abuja […]

Nigeria’s inflation rate rose above 10 percent in February for the first time since December 2012 as food costs soared. Inflation accelerated from 9.6 percent in January, the National Bureau of Statistics (NBS) said in a report published on Tuesday. Food prices gained 11.4 percent in February from a year ago, up from 10.6 percent […]Read More

The Nigerian Senate, today, voted against the Gender and Equal Opportunity (GEO) Bill. The bill could not pass the second reading after the Senate President, Bukola Saraki put the bill to vote with the “Nays” having it. The GEO Bill seeks adoption of special temporary measures to eliminate discrimination and ensure equal opportunities for majority […]

Zenith Bank Plc released its financial results for the year ended December 2015. The result showed that Net interest income rose by 8.75% from N206 billion in 2014 to N224 billion in 2015. Commission fees and other income was down 6.19% from N89 billion to N84 billion, while the bank increased its operating expenses by […]