Money

Emerging assets gain as traders react to flurry of rate moves

DailyTimesNGR DailyTimesNGR 23 September 2024 0

BY GODWIN ANYEBE Developing-nation assets ended the day higher as traders adjusted to a spate of interest-rate decisions from some of the biggest emerging-market economies following the Federal Reserve’s first interest-rate cut in four years. MSCI’s index for developing currencies rose 0.2%,

News

FG starts auctioning off seized assets from looters

Ihesiulo Grace 11 June 2021 0

The Federal Government has commenced the bidding process for the sale of assets recovered from individuals through the Economic and Financial Crimes Commission (EFCC). Daily Times gathered that the development was revealed in a statement issued by the National Association of Auctioneers on Thursday. The Office of the Attorney General of the Federation and Minister […]

News

Assets declaration mandatory for public officers, official warns

Ihesiulo Grace 5 September 2020 0

Mr Justine Choon, Director, Code of Conduct Bureau, Adamawa, says assets declaration is mandatory for public officers as part of constitutional requirement. Choon stated this in an interview in Yola. He said that failure to fill the assets declaration form, overdeclaration or under-declaration were offences that would lead someone to answer questions before the Code […]

Editorial

Lessons in French recovery of assets plundered from Equatorial Guinea

Ihesiulo Grace 28 March 2018 0

National wealth from Equatorial Guinea has been in the news lately, with the conviction in France (on 26 October 2017) of Teodorin Obiang, the Vice-President and eldest son of the incumbent President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, for corruption, money laundering and abuse of trust involving more than €150 million (US$174 million) belonging […]

Politics

Leave Ekweremadu, PDP members alone; face corruption war, PDP tells FG

Ihesiulo Grace 23 March 2018 0

The People’s Democratic Party (PDP) has told the Federal Government to fight corruption and stop hounding members of the opposition parties in the name of fighting corruption, stressing that the real corrupt people are within the circle of APC government.   The party frowned at the Motion Experte filed by the Special Presidential Investigation Panel […]

Edo Times

Obaseki shops for new investor for Ava cement factory

Ihesiulo Grace 9 November 2017 0

The Governor of Edo State, Mr. Godwin Obaseki, has said the state is negotiating with the Assets Management Corporation of Nigeria (AMCON) to get a new investor for Ava Cement Factory located in the state. Obaseki announced this at Igarra, headquarters of Akoko Edo Local Government Area, during his Thank- You-Tour across the state. The […]

Business News Nigeria

System challenges hamper financial sector growth – Expert

Ihesiulo Grace 6 March 2017 0

The operation of the financial sector has been hampered by key challenges in the system. Head, Financial Markets FSS2020 Secretariat, Dr. Charles Ohamara stated this at the 23rd CBN seminar for Business Editors and Finance Correspondents in Sokoto State. He listed these challenges to include: Inadequate skills for financial products development (Capital Market); Inadequate