Nigerians want additional states, federalism – Reps

Nigerians want additional states, federalism – Reps

Chairman House of Representatives Committee on Constitution review, Hon. Emeka Ihedioha, has said that so far from memoranda received by his committee, state creation, federalism and devolution of powers remain the dominant issues. Hon. Ihedioha, who is also Deputy Speaker of the House, said this at a briefing equally noted that local government, Indigeneship and […]

Nigeria loses $3bn each year due to piracy, says NIMASA

Nigeria loses $3bn each year due to piracy, says NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA) has disclosed that Nigeria loses well over $3billion each year to piracy activities, armed robbery and other sea crimes. NIMASA made this disclosure while presenting a draft bill against piracy and other illegal sea activities to maritime stakeholders, in Port Harcourt, River State. Director General, Mr. Ziakede […]

ICT adds 5 per cent to Nigeria’s GDP

ICT adds 5 per cent to Nigeria’s GDP

The Information and Communications Technology (ICT) sector has contributed about 5.46% growth to the nation’s gross domestic product (GDP) between 2011 and 2012, making it the fastest growing in the economy within the period. Minister of Communications Technology, Mrs. Omobola Johnson, yesterday said this while giving account of her ministry’s activities during the past one […]

Flee poverty!

Flee poverty!

Poverty has rightly been described by some as more than a curse. Such people regard it as something of a sin! In international finance circles, a person is regarded as being poor if he/she lives on less than one US dollar (about N140) per day. So what are things that may bring about this dreaded […]

Operator alleges fraud in N64b Starcomms’ 2008 placement

Operator alleges fraud in N64b Starcomms’ 2008 placement

Even while the House Committee Ad-hoc committee on the near collapse of the nation’s capital market is still digesting submissions by key players including the executives of the Securities & Exchange Commission (SEC), a fortnight ago, it has been invited to look into the June 3, 2008 private placement by telecoms firm- Starcomms Plc. In […]

Oando reports N586.61b turnover, net profit slides by 76.02%

Oando reports N586.61b turnover, net profit slides by 76.02%

Directors of integrated energy giant, Oando Plc, on Monday reported a turnover of N586.619 billion for the year ended December 31, 2011, making the biggest revenue earner among the companies presently listed on the Nigerian Stock Exchange (NSE). The company’s board however failed, for the first time in four years, to recommend a dividend for […]

Ondo: We’ll field our own candidate – PDP

Ondo: We’ll field our own candidate – PDP

  The Peoples Democratic Party (PDP) in the Southwest has denied insinuations that it was in an alliance with other political parties in the coming Ondo State governorship election, insisting that it would “field and back its own candidate.” Zonal Publicity Secretary of the party, Hon. Kayode Babade made this known to journalists, saying the […]

NDLEA intensifies surveillance on Nigeria-South Africa route

NDLEA intensifies surveillance on Nigeria-South Africa route

  Following recent cases of arrests of drug suspects, the National Drug Law Enforcement Agency (NDLEA) has stepped up its surveillance on the Nigeria-South Africa route. Chairman of the agency, Mr. Ahmadu Giade, said NDLEA had increased its risk profiling of the route, which he according to him involves tougher control measures for goods and […]

Capital market probe: Shareholders decry uncertainty, seek reassurance

Capital market probe: Shareholders decry uncertainty, seek reassurance

The uncomplimentary revelation of leadership failings at the agencies responsible for the management of the Nigerian capital market has created an air of uncertainty that may harm Nigeria in the long run. Investors in the capital market who spoke to The Post suggested that the ongoing probe was worrisome and that the problems thrown up […]

Attempt to bomb ministers foiled

Attempt to bomb ministers foiled

A man tried to smuggle hand grenades and rifle ammunition into Nigeria’s Information Ministry where ministers were attending a news conference Monday, witnesses and authorities said. Some ministers present at the ministry at the time of arrest were obvious targets. The man apparently made it past the gate of the Radio House compound in Nigeria’s […]