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MPC retains lending rate at 14%

By David Agba Abuja For the eight consecutive times, the Monetary Policy Committee (MPC) has once again retained the Monetary Policy Rate (MPR) at 14 per cent due to persistent uncertain economic conditions and high inflation. The Central Bank Governor, ...

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Minister charges NSE to transform Nigeria

By David Agba Abuja The Minister of Science and Technology, Dr Ogbonnaya Onu yesterday enjoined Engineers to intensify efforts towards the current wave of transformation of the Nigerian economy. Onu who delivered a keynote address at the on-going National Engineering ...

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N73bn paid to FCTA contractors – Perm sec

By Abdullahi Muhammad Abuja Permanent Secretary, Federal Capital Territory Administration, (FCTA), Mr. Christian Ohaa, has stated that over N73 billion had been paid to both local and foreign contractors, as well as the completion of the obligation of N17.4 billion ...

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Nigerian Academy of Science celebrates STI

The Nigerian Academy of Science had her 40th Anniversary celebration in collaboration with the 13th Annual Meeting of African Science Academies (AMASA-13)  recently, in Abuja. The focus was on Science, Technology and Innovation  in the area of education and manpower ...

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Inflation rate moderates at 15.91%

The nation’s inflation rate trend downwards to 15.91 per cent at the end of October this year, from 15.98 per cent increased recorded in September. The steady decline in headline inflation according to National Bureau of Statistics was partly due ...

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Return of ‘wonder’ bank in Edo

Recent happenings in Edo state where customers are victims of voodoo financial houses, especially, micro-finance banks, as well as savings and loans enterprises, who defraud them of their hard-earned money’ are fast recreating the inglorious era of voodoo banks. PATRICK ...

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Takaful is not Islamic Insurance –MD

  After founding Takaful insurance companies in his country, The Gambia and Zambia, Mr Momodou Musa Joof brought together a group of investors to establish Jaiz Takaful Insurance PLC, with him as Managing Director/Chief Executive Officer. In this interview, with ...

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Insurance awareness taken to NIPSS

In a bid to enhance the acceptance of insurance in Nigeria, the President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Shola Tinubu, has addressed the Course 39 set of the Nigerian Institute of Policy and Strategic Studies, ...

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October inflation falls to 15.91% –NBS

By Benjamin Umuteme Abuja The Consumer Price Index (CPI) which measures inflation increased by 15.91 percent (year-on-year) in October2017. According to the National Bureau of Statistics (NBS) in the October 2017 CPI report noted that the new figure represents 0.07 ...

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