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Monthly Archives: December 2015

Federal Governmemnt To Introduce Zero Based Budget System

Yemi Osibanjo

The Federal Government has announced plans to introduce a zero based budget system as a step towards fighting corruption and blocking leakages in the public service. Speaking at the Nigerian Economic Summit yesterday, Vice President Yemi Osinbanjo said that the initiative would require ministries, departments and agencies to justify their …

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NSE Closed On A Bullish By 0.17 Per Cent

picture of Nigerian stock exchange trading

Meanwhile Equities closed positive yesterday lifting the major market indicators marginally. Following gains by 23 stocks, as against 19 losers, the Nigerian Stock Exchange All-Share Index rose by 0.17 per cent closing at 30,359.47 basis points. The market capitalisaiton of the listed equities also rose by 0.17 per cent and …

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CBN, Lagos unveil cheap loans for graduates

The Central Bank of Nigeria, CBN has unveiled special funds to be disbursed as cheap loans to graduates. Also, the Lagos State governor, Akinwunmi Ambode, said the state was set to commence the disbursement of the N25 billion Employment Trust Fund which it said would be given out at less …

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FIRS: Senate confirms Fowler as Chairman

The Senate has confirmed Dr William Babatunde Fowler as the Executive Chairman of the Federal Inland Revenue Service (FIRS). Fowler’s appointment was confirmed on Wednesday, December 10, 2015, after he was screened by the Senate Committee on Finance. He was appointed by President Muhammadu Buhari on Thursday, August 20, 2015 …

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Court orders detention of Dokpesi in EFCC custody

The Federal High Court sitting in Abuja has again ordered the founder of DAAR communication Plc and owner of African Independent Television (AIT), Chief Raymond Dokpesi, to be remanded in the custody of the Economic and Financial Crimes Commissions (EFCC) till Monday, December 14 when ruling on his application for …

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Army Reinstates Commitment to Security

General Officer Commanding 2 Division of the Nigerian Army, Major-General Laz Iloh has assured that the Command  will  contribute to the peace and security of Oyo state. Major-General Iloh stated this at a Decoration ceremony for Officers that were newly promoted at the Officers’ Mess Agodi, Ibadan. Major-General Iloh stressed …

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More work needed to perfect elections in Nigeria-Buhari

President Muhammadu Buhari says more work is needed to perfect the conduct of elections in Nigeria. The President made the remark when he received newly elected members of the Inter-Party Advisory Council’s (IPAC) Executive Committee in the Presidential Villa, Abuja, on Tuesday. He frowned at what he described as “unhelpful …

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