Barack Obama’s decision to nominate Dartmouth College President Jim Yong Kim to head theWorld Bank has been well received. The prevailing view is that Kim is a smart solution to a tricky little problem: How to maintain a...

The naira, yesterday, weakened for the first time in three days after the central bank reduced its supply of dollars just as oil companies are increasing their demand. The currency of Africa’s biggest oil producer depreciated as much as 0.6...

THE European Union (EU) has approved €555 million (N110 billion) grant for projects in different sectors of the Nigerian economy. Specifically, Head of Delegation of the European Union in Nigeria, David MacRae, said that the organisation has...

Lawmakers in Abuja, concerned with the country’s skyrocketing debt profile have sought to ensure the introduction of legislation that controls the borrowing of the executive. The National Debt currently stands at N 6.5 trillion or $ 40...

In a move certain to appease electricity consumers across the country, the Nigerian Electricity Regulatory Commission (NERC) has blamed PHCN successor company officials of over-billing customers on electricity usage by deliberately frustrating proper meter usage. The age-long...

A spokesperson for the Pension Reform Task Team that uncovered N 151 billion in pension money has said the allegations accusing the team of wasting N 180 million on an offshore pension registration exercise are unwarranted and...

The Minister of Agriculture, Mr. Akinwunmi Adesina has disclosed that Nigerians spend an average of N 1 billion daily on imported rice. Buttressing further the government technocrat also stated that  the country spends N 1.3 trillion annually...

A Federal High court in Lagos has ordered Chief Raymond Dokpesi and his Daar Communication Plc, to pay the sum of N7.5bn debt to Fidelity Bank Plc. Justice Mohammed Idris, in his judgment on Monday, ordered that...

Dr. Sani Teidi Shuaibu, former Director, Pension Administration in the Office of the Head of the Civil Service of the Federation has been relieved of choice commercial and residential property in Kogi and Abuja and other environs...

The Ogun state governor, Ibikunle Amosun, seems positioned to upstage his colleagues and perhaps even the Federal Government with the kind of policies he is formulating in Abeokuta. At the inaugural edition of the Ogun State Investor’s...