A forum of Agricultural Input Suppliers on the federal government’s Anchor Borrowers Programme from Sokoto state has petitioned the Central Bank of Nigeria (CBN) over nonpayment of their contract sums by the United Bank for Africa Plc (UBA). The forum in the petition signed by 15 agricultural input supplying firms said, they were engaged in the first quarter of 2017 Read More
World Bank experts have visited Abuja in order to work with relevant Federal Capital Territory Administration (FCTA) officials on strengthening the framework for debt management in the Administration. Permanent Secretary, Federal Capital Territory Administration (FCTA), Mr. Chinyeaka Ohaa, expressed appreciation for the series of assistance that the country has received from the Bank. He stated this while welcoming the Read More
The Edo University, Iyamho, has signed a Memorandum of Understanding (MoU) with two foreign universities, Worcester University in the USA and Sunderland University, UK, for exchange programme for students of the institution. Acting Vice Chancellor, Prof. Emmanuel Aluyor, who disclosed this during the institution’s 2017/2018 matriculation ceremony yesterday, said the deal “is part of the institution’s management resolve to Read More
Yes, Nigeria’s banking sector was embroiled in bad debt – or their more fashionable name of nonperforming loans (NPLs) — back in the calamitous period of 2008-2009. Then, not only this nation but other nations of the world were submerged in the deluge of the infamous financial tsunami called meltdown, with the epicenter traced to US mortgage re-financing marketplace. Read More
Enugu state Commissioner for Youths and Sports, Joseph Udedi, has reiterated the state government’s commitment to develop the youths in the state through skills and training. Udedi, who stated this at a youth town hall meeting in Nsukka recently, explained that 500 youths will be trained in various skills in April this year. He said 300 youths have already Read More
President Muhammadu Buhari has restated his commitment to arrest the cycle of violence that has engulfed some parts of the country. Speaking Thursday in Jos, Plateau state at a Town Hall meeting in the course of his two-day official visit to the state, the President, who also launched the Plateau State Roadmap to Peace, commended Governor Simon Bako Lalong Read More
Some insurance companies are struggling to remain afloat amid the harsh economic situation which had pushed them into incurring huge management expenses above their premium income generated . Such expenses are the costs of running operations within a particular period , and are charged against its income . Ordinarily, such costs should not exceed 0.5 per cent of the assets Read More
Kano Chairman, Kano state Land Use and Allocation Committee under the Office of the Secretary to the State Government (SSG), Alhaji Ibrahim Dan’azumi Gwarzo, has appealed for the cooperation of the state Police Command to the committee with a view to achieving its desired objectives. Speaking yesterday when he led members of the committee on courtesy visit to the Commissioner Read More
Nigerian Immigration Service (NIS), Cross River state Command, has assured the National Identity Management Commission (NIMC), Cross River state office, of its readiness to assist the Commission wherever necessary and when called upon. The Comptroller, Mr. Felix Uche, gave the assurance in Calabar at the weekend when he received the Commission’s management team on a courtesy visit. He said: “We Read More
The Federal Government’s magnanimity and graciousness in preparing and approving welfare packages for all categories of staff when in service and at retirement are being appreciated by workers. But unfortunately the management of Federal Road Safety Corps (FRSC) says capital NO to the Federal Government service rules by modifying to short change and prevent staff/retirees from enjoying benefits enjoyed Read More
Academic Staff Union of Universities (ASUU), Ekiti State University, Ado Ekiti chapter has said it will not end Its indefinite strike would continue until the salaries of its members were paid by the state government. The union and the state governor, Ayo Fayose, had been engaged in series of dialogue since the start of the week, but no concrete resolution Read More
Obafemi Awolowo University (OAU) chapter of the Academic Staff Union of Universities (ASUU) has pulled out of the national body to form a new body following a feud between both sides. The feud between the national body and the chapter led to the disowning of OAU chapter by the national body. According to the resolution of the Congress of the Read More
The Commanding Officer of 7 Guard Battalion Lt Col. Mukhtar Daroda commended AEPB for helping to avert a looming epidemic caused by a blown out sewer manhole which was spewing offensive odour and impending disease all over the place especially in Lungi Barracks. He made this known recently during a courtesy visit to AEPB with his team in Abuja. Read More
The police yesterday stormed the homes of two leaders of the University of Lagos chapter of the Senior Staff Association of Nigerian Universities (SSANU) and arrested them. Joseph Adefolalu and Adekola Adetomiwa were arrested between 1.30 a.m. and 2 a.m. yesterday allegedly at the instance of the university’s vice-chancellor, Oluwatoyin Ogundipe, it was gathered. The institution’s non-academic staff had been Read More
Five students of the University of Benin (UNIBEN) who were suspended for their alleged plans to disrupt the university’s 43rd convocation ceremony have reportedly rejected the vice chancellor’s conditional pardon. The five suspended students, Ogbidi Osamudiamen, Justus Aidenagbon and Innocent Ehizua were suspended for two semesters while Benjamin Majekodunmi and Goodnews Ehiabi got four semesters. The students who were also Read More
Abuja A federal lawmaker representing Nasarawa/Toto at the House of Representatives, Hon. Mohammed Ja’afaru Ibrahim, has donated materials worth over N3million to persons displaced by recent crisis between herders and farmers in Benue state. The relief materials, which comprised bags of rice, sugar, garri, tubers of yam and bottled water, were received on behalf of the IDPs by Interim Management Read More
The Ag. Director-General of Bureau of Public Service Reform (BPSR), Mr. D. I. Arabi has commended the management of Budget and National Planning Ministry for driving the change matrix of the federal government through its Capacity Building Process among the staff of the Ministry. The training is to restore the value of governance and adopt the best practice of doing Read More
Lagos Fitch Ratings has affirmed Sterling Bank’s Long-Term Issuer Default Rating (IDR) of ‘B-‘ and National Long-Term Rating of ‘BBB-(nga)’ with a stable outlook for reasons that include its coherent strategy and ability to attract more stable deposits in challenging operating conditions. Cutting through the industry’s jaded product offerings through innovation, the leading Tier Two lender’s IDRs are driven by Read More
By Chizoba Ogbeche Abuja Debt Management Office (DMO) is set for the next stage of refinancing of domestic debt in a bid to rebalance the federal government’s debt portfolio. A press statement by the DMO, yesterday in Abuja, said the planned external financing of $2.50 billion is for the refinancing of maturing domestic debt obligations of the federal government. The Read More
The National Bureau of Statistics (NBS) has disclosed that no fewer than 7.82 million workers are registered under the pension scheme in the fourth quarter of 2017 compared to 7.71 million registered workers in the third quarter of the year. The NBS in its “Pension Asset and Membership Data for Fourth Quarter, 2017’’ report stated that the Pension Fund Asset Read More
In its determination to make ‘housing for all’ a reality, the Federal Government established the Federal Mortgage Bank of Nigeria (FMBN) in 1956. It was formerly known as the Nigerian Building Society (NBS). The Federal Government, by the Indigenisation Act [1973], acquired the NBS and consequently renamed it the Federal Mortgage Bank of Nigeria (FMBN). In 1994, FMBN assumed the Read More
Stories by Amaka Ifeakandu Lagos The nation’s total foreign and domestic debt stocks as at September 2017 stood at $66.63 billion or N20.373 trillion. The country’s debt profile for the federal and 36 states showed a continuous rise in the last two years, growing from $10.718 billion in 2015 to $11.406 billion in 2016, hitting $15.352 billion or N4.693 trillion Read More
Officials of the League Management Company (LMC) are due in Minna this week to inspect the Bako Kantogora Stadium for approval to host home games of Niger Tornadoes in the NPFL. Tornadoes have played at the Lokoja Stadium for the past two seasons because their home ground has been undergoing a major renovation. A club official told SCORENigeria they are Read More
Stories by John Oba Abuja Investigation by the Agronature Nigeria, an online medium on World Bank financing of Nigeria’s Agriculture sector has revealed that over $2 billion ($2,065,300,000) worth of agricultural projects financed by the global bank in the country between 2008 and 2017. The projects were approved for execution intermittently within a 9 year period. However, indications have shown Read More
By Benjamin Umuteme Abuja The Nigeria Deposit Insurance Corporation (NDIC) has successfully obtained three certifications from the British Standards Institution (BSI) for Information Security Management System ISO/IEC 27001:2013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012 after a rigorous process of satisfying the conditions precedent to accreditation. According to a statement signed by H.O. Bakare, Read More
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