No Image

Fitch affirms Sterling Bank’s ratings, outlook stable

February 12, 2018 Editorial IV 0

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

No Image

We’re set for another domestic debt refinancing – DMO

February 9, 2018 Editorial IV 0

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

No Image

7.82m workers register under pension scheme – NBS

February 9, 2018 Editorial IV 0

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

No Image

Tracking the National Housing Fund

February 6, 2018 Editorial IV 0

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

No Image

Nigeria’s debt profile stands at $66.63bn

January 8, 2018 Editorial IV 0

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

No Image

LMC officials inspect Bako Kontagora Stadium, Minna

January 8, 2018 Editorial IV 0

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

No Image

FG secured over $2bn World Bank Agric Support in 9 year s– Agronature

January 1, 2018 Editorial IV 0

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

No Image

NDIC achieves ISO certification

December 21, 2017 Editorial IV 0

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

No Image

NSIA invests in Nigeria infrastructure debt fund

December 21, 2017 Editorial IV 0

By Benjamin Umuteme Abuja The Nigeria Sovereign Investment Authority (NSIA) has said it will invest in the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF). The Fund is managed by Chapel Hill Denham Management Limited. This proposed investment is consistent with NSIA’s mandate as the Authority continues to develop and explore opportunities to play a leading role in driving sustained Read More

No Image

PENGASSAN begins strike today

December 18, 2017 Editorial IV 0

By Benjamin Umuteme Abuja The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that it would begin a nationwide strike today. The threat by the body is coming at a time that the country is still battling with scarcity of petroleum products. PENGASSAN had on Friday last week warned that had no option than to call Read More

No Image

Army charges commanders on human rights

December 15, 2017 Editorial IV 0

From Musa Umar Bologi Ibadan The Nigerian Army has charged its commanders to abide strictly by extant rules and employment of established rules of engagement during operations. The order was contained in the communiqué signed by the Chief of Policy and Plans, Maj. Gen. Chris Jemitola at the just concluded Chief of Army annual conference in Ibadan, Oyo state. The Read More

No Image

IBB varsity raises fees for non-indigenes

December 15, 2017 Editorial IV 0

The management of the Ibrahim Badamasi Babangida University, Lapai, has increased tuition fees for new students of the institution who are non-indigenes for the 2017/2018 session. The Vice Chancellor of the university, Prof. Mohammad Maiturare, has confirmed to the News Agency of Nigeria (NAN) in Minna that the institution has raised tuition fees for non-indigenes. He said reviewing the fees Read More

No Image

NUPENG decries scarcity of petrol in FCT

December 13, 2017 Editorial IV 0

By Bode Olagoke Abuja Amidst scarcity of petroleum products, particularly the premium motor spirit (PMS) in the Federal Capital Territory (FCT), Abuja and some states across the country, a major player in the sector, the National Union of Petroleum and Natural Gas (NUPENG) has called on the management of the Nigerian National Petroleum Corporation (NNPC) not to relent in its Read More

No Image

IBB varsity Lapai raises fees for non-indigenes

December 12, 2017 Editorial IV 0

Management of the Ibrahim Badamasi Babangida University, Lapai, has increased fees for students of the institution who are not indigenes of Niger State. The increase is for the 2017/2018 session. The Vice-Chancellor of the institution, Mohammad Maiturare, confirmed this to the News Agency of Nigeria (NAN) in Minna yesterday. He said the management of the institution reviewed the fee from Read More

No Image

Health scribe hails Kwali hospital mgt

December 12, 2017 Editorial IV 0

By Donald Iorchir Secretary of Health and Human Services Secretariat in the Federal Capital Territory (FCT), Barrister Amanda Pam, has commended the management of Kwali General Hospital for making the hospital a befitting health care centre. She made the commendation while on tour of the area to get first hand information regarding the challenges in the FCT general hospitals. “It Read More

No Image

Oando forensic exercise’ll continue – SEC

December 7, 2017 Editorial IV 0

By Benjamin Umuteme Abuja Securities and Exchange Commission (SEC) has insisted that it would not back down in its decision to conduct a forensic exercise into the activities of Oando Plc. In a statement signed by SEC management, the Commission in a letter dated December 5, 2017, and addressed to Oando Plc. assured Nigerians that it would continue to protect Read More

No Image

Dickson urges police to fish out cattle dealers’ killers

December 5, 2017 Editorial IV 0

Bayelsa state government has called on the police and other security agencies to apprehend the killers of a prominent cattle dealer, Jibril Abdulkarim, and three of his aides. The News Agency of Nigeria (NAN) reports that the cattle dealer and three of his aides were shot dead at his private abattoir in Yenagoa on December 2. Abdulkarim was a member Read More

No Image

Port manager vows to end traffic congestion

December 1, 2017 Editorial IV 0

The new Port Manager, Tin-Can Island Port, Lagos, Emmanuel Akporherhe, has promised to work with stakeholders to end the perennial traffic congestion along access roads to the port. He made this known during an operational tour of all Terminals within the Tin-Can Island Port with his management team yesterday. “The terminal operators are doing well at Tin Can Port but Read More

No Image

Why ethnicity and religion remain a big deal in Nigeria, By ADEWALE

November 28, 2017 Editorial IV 0

Issues of ethnicity and religion have remained big matters that continue to shape the turn of events in the country. It is the effect of this two-headed dragon of ethnicity and religion as an impediment to progress in Nigeria that this review seeks to analyse, within the context of the 272-page book titled, “The effect of religion on the political Read More

No Image

EFCC arraigns 2 for impersonating bank directors

November 27, 2017 Editorial IV 0

Two men, Chester Onyemaechi Ukandu and Achi George, were arraigned before a Federal High Court, Lagos, for allegedly claiming falsely to be directors of Mainstreet Bank Registrars Limited. Prosecuting the duo, the Economic and Financial Crimes Commission, said they “held themselves out” as directors of Mainstreet Bank Registrars in a February 14 letter to the Manager of Skye Bank Plc, Read More

No Image

Rangers mourn as Coach Madu goes ‘home’

November 24, 2017 Editorial IV 0

The management of Rangers International F.C led by Prince Davidson Owumi has promised to make the club’s presence felt by the family of Late Christian Madu as the body of the mercurial midfielder is set to be laid to rest at his village. The remains of the former Rangers and Green Eagles’ mercurial player, will be committed to the mother’s Read More

No Image

Amapakabo to earn N750, 000 monthly as El-Kanemi coach

October 19, 2017 Editorial IV 0

  By Gbenga Jolaosho   Abuja Former Enugu Rangers coach Imama Amapakabo will be earning N750, 000 per month based on his new-contract with Nigeria Professional Football League (NPFL) side El-Kanemi Warriors of Maiduguri. Amapakabo led Rangers to the NPFL title in 2016 before leaving the Enugu-based club in controversial circumstance last season. The coach, who was unveiled on Tuesday Read More