The Sun News
  • NDIC pays N100bn to failed banks’ depositors

    By Omodele Adigun The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has called on the depositors of liquidated banks to come forward and claim their entitlements as the Corporation has so far expended N100billion in paying the customers. Ibrahim, who stated this during the  special day of the Corporation at…

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  • Innovation behind Lagos’ success story – Ambode

    By Bimbola Oyesola The Lagos State Governor, Mr. Akinwunmi Ambode, yesterday, said the success being experienced in the state is as a result of various innovative policies embarked upon by the governmemt. Ambode said the innovations are why Nigeria moved 24 steps higher from 169 to 145 in the World Bank’s Global Doing Business Ranking….

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  • Ostrich farming: Multi-million naira bird business

    Stories by Steve Agbota [email protected] 08033302331 Ostrich, scientifically known as Struthio camelus, is the largest and heaviest living bird on earth. It belongs to Struthio genus of ratite family of flightless birds, native to Africa, and is the only extant of genus Struthio. Ostrich farming business in Nigeria is not very common but it is…

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  • Nutritious Food Fair to create 3,000 new jobs

    The 2017 edition of the Nutritious Food Fair (NFF), an annual event of the HarvestPlus Nigeria, will create 3,000 jobs in the nutritious food value chain. The NFF with the theme, “Scaling up the Nutritious Food Choices: Engaging Everyone, Everywhere,” will take place between November 28 and 30, 2017, at the Michael Okpara Square in…

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  • Obasanjo, Alake express confidence in FUNAAB’s VC

    …As Prof. Salako assumes office Former President Olusegun Obasanjo and Alake of Egbaland,  Oba Adedotun Aremu Gbadebo, have expressed confidence in the ability of the new Vice Chancellor of the Federal University of Agriculture, Abeokuta (FUNAAB), Prof. Kolawole Salako, to take the institution to greater heights. Obasanjo and Oba Gbadebo stated this in their goodwill…

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  • Novus Agro Nigeria Commodity Index Nov 1–8, 2017

    The Novus commodity index, the cumulative average for the week of November 1 – 8, 2017 as published by Novus Agro Nigeria focuses on markets and commodities. At Dawanau market in Kano State, the cumulative average for imported rice (50kg) for this week is N13,133 with a difference of N267; maize (white, 100kg) averagely selling…

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  • Knocks greet $195m security contract to Israeli company

    Stories by Isaac Anumihe Stakeholders have expressed anger over the $195 million contract awarded to an Israeli firm,  HLSI Security Systems and Technologies, to secure the nation’s maritime space. They argued  that the contract is a ploy to siphon some crude oil products out of Nigeria for private use. They wondered why such a huge…

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  • Q3 2017: 7 banks post N386.13bn profit

    By Chinenye Anuforo and Chinwendu Obienyi Majority of Nigerian banks have demonstrated their resilience in the last two years amid macro-economic challenges, which weighed on credit expansion, asset quality and capital adequacy to record positive performances this year. Market watchers believe investors are taking positions on banks due to good fundamentals and in a bid…

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  • How NLPGA, investors plan to grow $10bn cooking gas market

    Stories by Adewale Sanyaolu The Plan by the Federal Government to grow the domestic Liquefied Petroleum Gas (LPG) market may have received the desired boost as the Nigerian Liquefied Petroleum Gas Association (NLPGA) and some consortium of Banks, investors and operators in the LPG market are partnering to tap into the over $10bn investment opportunities…

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  • NPA set to give port infrastructure facelift

    Managing Director, Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman is determined to boost the nation’s economy by providing infrastructure and technologically up-to-date equipment at the ports. After going round the Western and Eastern ports, it was obvious that the NPA Management was making efforts to reposition the ports in line with global trends. Usman…

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Online Editor: Aderonke Bello
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