Governor Godwin Obaseki of Edo State yesterday presented a budget proposal of N175 billion for 2019 fiscal year to the state House of Assembly. The budget proposal is 9.2 per cent above the 2018 budget of N146 billion. The proposed budget tagged: “Budget of Socio-Economic Inclusion” has N95.8 billion as …
Read More »FG, AfDB To Create $500m Innovation Fund For Tech, Creative Sector
The Vice President, Professor Yemi Osinbajo, Monday, disclosed that the Federal Government is in talks with the African Development Bank (AfDB) to create $500 million innovation fund for technology and creative sector. Meanwhile, the outgoing President of African Securities Exchanges Association, ASEA, Mr. Oscar Onyema, said that strategic relationships of …
Read More »NSE sanctions 8 banks, 27 other companies N452m in 11 months
The Nigerian Stock Exchange (NSE) has sanctioned 35 companies with fines totalling N452 million for failing to file their financial statements at the regulatory date. According to the data obtained from the Exchange, among the companies fined, eight were financial institutions, showing that Unity Bank Plc owed the highest …
Read More »Cut Overhead Costs, FG Urges States
The Federal Government has called on state governments to reduce unnecessary overhead costs and enthrone fiscal discipline. The Minister of Finance, Mrs Zainab Ahmed, made the call, Monday, at the on-going 2018 Conference of the National Council on Finance and Economic Development, NACOFED, in Kaduna. Special Adviser on Media and Communications …
Read More »Get “CHARMED” in the cinemas
CHARMED, a new movie from the stable of Verte View had it’s premiere last Thursday, 22nd November 2018 at the Genesis Deluxe Cinemas, The Palms, Lagos. CHARMED is the story of David Hale a successful and cocky young man who has everything going for him until he suddenly begins to experience …
Read More »LASG, FRSC Worry over Increase of Beer Parlours in Lagos
By Paul Mbagwu The Lagos State Government has raised concerns over the increased establishment of beer parlours in Lagos. The state Commissioner for Information and Strategy, Kehinde Bamigbetan, said the state was worried because there was also an increase in the record of alcohol-induced auto accidents in the state. Bamigbetan spoke …
Read More »Kogi East 2019: Sen Attai Aidoko hires 9 ‘wise men’ in desperate moves to retain his seat
Following the discouraging body languages of majority of the divisional party chairmen whom he appreciated for enhancing the impunity that offered him the contentious senatorial candidacy of the PDP, Aidoko has resorted to constituting a group of nine wise men purportedly to checkmate what he refers to as “distrust and …
Read More »Sekibo emphasizes need for human capacity development amongst staff of banks
The MD/CEO of Heritage Bank Plc, Ifie Sekibo has emphasized the importance for human capacity development amongst staff of financial institutions for improved operations. The MD who stated this at a 3-day yearly Internal Control and Audit Conference organised by Heritage Bank in Lagos, said training acquired personally and arranged …
Read More »Alex Otti still Focused on His Mission to Destroy Dozie and Diamond Bank
By Emmanuel Chima After my recent exposé on how Alex Otti’s mismanagement crippled Diamond Bank, he responded by trying to arm twist the management of the bank into exonerating him. In his desperation, Otti contacted two Directors and a senior management staff of the bank who in turn approached the …
Read More »INEC: Funding Gap Will Not Derail Preparations for 2019 Elections
With just 81 days to the 2019 elections, the Independent National Electoral Commission (INEC) has said it is working and consulting with relevant government agencies to make sure that funds do not hamper its preparations for the 2019 general election. The commission has also promised that all procurement processes …
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