Zabarmari Massacre: UN withdraws claim 110 died in Boko Haram attack

The United Nations on Monday recanted an earlier claim that 110 farmers were killed by suspected Boko Haram insurgents in Zabarmari community, Borno State. PREMIUM TIMES had published a report on Saturday quoting officials of the Borno State government saying at least 43 farmers lost their lives in an attack by insurgents on a rice field. On Sunday, the […]

Nigeria: How Nigeria Can Exit Second Recession – Atiku

The former vice president and the presidential candidate of the PDP in the last general election, Atiku Abubakar Sunday prescribed how Nigeria can exit its second recession The former vice president proposed a 15 percent tax on those he described as super rich and luxurious items. In a statement he signed Atiku said, “We cannot […]

Reactions As Nigerian Economy Suffers Another Recession

•It will be shortlived —Professor Uwalek As expected, National Bureau of Statistics (NBS) on Saturday confirmed that Nigeria entered recession in the third quarter of 2020, after two consecutive quarters of negative growth. According to the NBS, economic performance during the quarter reflected residual effects of the restrictions to movement and economic activity implemented across […]

Fuel Scarcity Looms As PENGASSAN, NUPENG Begin Nationwide Strike

Nigerians are about to witness another fuel scarcity as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) have ordered their members to commence an indefinite nationwide strike with effect from yesterday. The decision of the unions to embark the industrial action followed the […]

Nigeria: Research Crucial for Capital Market Growth, Development – SEC

Dr Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC), on Tuesday said research was critical for growth and development of Nigeria’s capital market. Yuguda said this at a virtual symposium organised by the Nigerian Capital Market Institute (NCMI) and the Capital Market Academics of Nigeria (CMAN) in Abuja. He said research was […]

PIB: Timipre Sylva clears air on alleged scrapping of NNPC

Minister of State for Petroleum, Timipre Sylva, has dismissed media reports that the new draft Petroleum Industry Bill (PIB) sent to the National Assembly recommended scrapping of the NNPC. Sylva allayed the fears while fielding questions from journalists at the National Assembly on Monday after an interactive session with the leadership of the Assembly. The […]

CBN okays Greenwich Trust’s merchant banking licence

The Central Bank of Nigeria (CBN) has approved a merchant banking licence for Greenwich Trust Limited, expanding the scope of operations of the investment banking group. The new entity will now be known as Greenwich Merchant Bank Limited. According to the company, the licence allows Greenwich Merchant Bank to upscale and offer such diverse services […]