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Okonjo-Iweala, Aliko Dangote listed among World’s 100 most influential people

Ngozi Okonjo-Iweala

Ten years after its European edition honoured her as one of world’s ‘Heroes’, TIME magazine has named the Co-ordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, in its yearly list one of the 100 most influential people in the world. The minister is in the “Leaders” category of the respected list, along with Chinese President Xi ...

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Terrorism Financing: NAICOM beams searchlight on Insurance firms


National Insurance Commission (NAICOM) has started sending inspectors to insurance firms to ascertain whether they have been complying with the provisions of the law regarding money laundering and terrorism financing. This is in compliance with the directive by the Nigerian Financial Intelligence Unit (NFIU) on terrorism financing; and the provisions of the Money Laundering (Prohibition) Act 2004, and the Know ...

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Google disappoints investors as advert rates decline

Google’s shares have declined over concerns that its advertising rates are declining despite posting higher overall revenues. Google on Thursday, reported consolidated revenues of $15.42bn for the quarter ended March 31, 2014, an increase of 19 per cent compared to the first quarter of 2013. Profits were also up by three per cent to $3.45bn. However, the cost per click ...

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Cement dealers vote for Dangote’s  3x,  plead for ban on 32.5 grade

Dangote Cement

Cement dealers and distributors in the South West have endorsed the newly packaged Dangote cement’s 42.5 grade (3X) and expressed optimism that the entry into the market of the product would help sanitize the building and construction industry. Phoning in from different states in the region, callers during a live Yoruba programme of the Radio Nigeria’s Gold FM in Ilesha, ...

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Nsukka Business Community protests high tariff, poor power supply


Members of the Allied Business Community in Nsukka, Enugu State, Wednesday, staged a protest over alleged exploitation of their members by the Enugu Electricity Distribution Company, EEDC. The members, who carried placards with various inscriptions, said they were protesting age-long injustices. Some of the placards read: “Forced to pay electricity bills; EEDC stop exploiting Nsukka people; Replace estimated bills with ...

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FAAC approves total removal of fuel subsidy

Diezani Allison-Madueke

The Federation Account Allocation Committee (FAAC) Tuesday adopted the recommendations of its ad hoc committee which recommended the outright stoppage of provisions for fuel subsidy in the Federation Account with immediate effect. Confirming the decision of the FAAC, the Chairman of the States Finance Commissioners’ Forum, Mr. Timothy Odaah, said that with the adoption of the recommendations, it now implied ...

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