Business

Non-performing loans hits N2.24tn in Q3, investment drops by $2.66bn

Non-performing loans in the Nigerian banking industry rose to N2.245trillion at the end of the third quarter of 2018, reports from the National Bureau of Statistics, NBS, has shown.

Also in the period under review, the country’s gross loans stood at N15.861trillion, while loans (after spe [...]

Sat, 15 December 2018


FG expresses concerns on anti-corruption policies

The federal government is worried over the criticisms that trailed some of its anti-corruption and asset recoveries, insisting most of the backlash are driven by selfish interest.

Speaking particularly on attacks that followed the issuance of the Presidential Executive Order No. 6 of 2018 on th [...]

Sat, 15 December 2018


Forced subscription: Telcom subscribers lose N36bn - NCC

Approximately N36billion is said to have been illegally deducted from subscribers’ accounts by mobile operators between 2016 and 2018 alone.

An ongoing investigation by the Nigerian Communications Commission, NCC, shows that the amount was illegally deducted through forced subscriptions t [...]

Sat, 15 December 2018


Out-of-school children: fears over rising child labour

 

 

 

 

 

 

Nigeria accounts for more than one in five out-of-school children globally, and 45 per cent of out-of-school children in West Africa. Of the 11.5 million child [...]

Fri, 14 December 2018


Out-of-school children: fears over rising child labour

 

 

 

Nigeria accounts for more than one in five out-of-school children globally, and 45 per cent of out-of-school children in West Africa. Of the 11.5 million children out-of-school in Nigeria, [...]

Fri, 14 December 2018


FG, oil marketers agree on subsidy payment

 

Federal Government and petroleum marketers finally reached an agreement on how the outstanding fuel subsidy claims would be settled by the government.

The agreement was reached after a meeting held at the headquarters of the Ministry of Finance.

A statement from the Media A [...]

Mon, 10 December 2018


School feeding programme: FG to patronize IDP food market

States where the federal government’s school feeding programme are in operation have been asked to purchase their food stuff from the Internally Displaced Persons, IDP, market in Nasarawa state.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, hopes this will encourage [...]

Mon, 10 December 2018


Nigeria needs effective control system to fight corruption- Minister

The Minister of Budget and National Planning, Senator Udo Udoma, has said the creation of effective control system that will check the diversion of public funds is critical in the quest to tackle corruption in Nigeria.

Sen. Udoma who stated this when the executive of the Institute of Chartered [...]

Mon, 10 December 2018


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