NEWS

Reps to summon Obasanjo over comments on legislators

Reps to summon Obasanjo over comments on legislators

The House of Representatives Committee on Ethics and Privileges has been directed to investigate credited t former President Olusegun Obasanjo, where he allegedly described the lawmakers rogues and the National Assembly a den of armed robbers. The directive followed a motion under matters of privilege raised by the House Deputy Minority Leader, Hon. Suleiman Abdulrahman […]

What is share demobilisation?

Dear Post, Please educate me; what is demobilising of share certificates? Thanks. Biodun, 08057756456.   Dear Biodun, Share certificate demobilisation refers to the process in which share certificates are captured in the depository of the Central Securities Clearing System (CSCS) Limited, which is the clearing house for all publicly quoted share transactions in the country. […]

What business can I do?

Dear Post, I am a student. I have N10,000 and I want to set up a business but I don’t know the type of business to go into. Please stimulate me with advice. Reader, 08063226165.   Dear Reader, There are quite a number of businesses one can start with as little as N10,000. One that […]

Millionaire at 23

Millionaire at 23

Millionaire enquirer It may surprise you how quickly you can accumulate a million dollars. Let’s help you determine the annual (and monthly) amount you would have to set aside each year to reach a million naira and reach your goal to be a millionaire. Millionaire at 23! Q: Dear Enquirer, I am a 20-year-old trader […]

Wealth Nuggets

Wealth Nuggets

The greatest mathematical discovery of all time, and the most powerful of man’s invention, is compound interest -Albert Einstein   I cannot (name the seven wonders of the world), but I know that the eighth wonder of the world is compound interest. – Baron de Rothschild   Action aborts fear – Sidney Bremer

Making money from Nigerian palm-wine preservation and bottling

Making money from Nigerian palm-wine preservation and bottling

Introduction/market and production technology Palm-wine is traditionally a social drink of the rural people, but in recent times, it has also become a favourite among city dwellers. The palm trees from which palm-wine is derived grow extensively in the southern part of the country, especially the riverine areas. Much of the palm-wine wastes away through […]

Subsidy fraud: Jonathan wants offenders prosecuted

Subsidy fraud: Jonathan wants offenders prosecuted

The subsidy fraud report has been passed to the Minister of Justice and Attorney General of the Federation (AGF), Muhammed Bello Adoke, with a directive from President Jonathan Goodluck that everyone indicted must be brought to book. It is expected that the report, which detailed how over N1 trillion was siphoned through fuel subsidy fraud, […]

Dangote, Otedola shun House probe of capital market

Dangote, Otedola shun House probe of capital market

The Federal House of Representatives ad-hoc committee’s investigation of the collapse of the capital market on Tuesday wound down its sitting but with major market players refusing to appear before the committee. Aliko Dangote, Femi Otedola and Oba Otudeko were all conspicuous with their absence before the committee, despite being major players in the capital […]

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 […]


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