archiveJune 2016

The Organisation of Petroleum Exporting Countries (OPEC) has chosen a former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Mohammed Barkindo, as the Secretary-General According to Reuters report two OPEC delegates said Nigerian candidate Barkindo was chosen to be OPEC’s new secretary-general on Thursday in Vienna...

The Minister of Education, Adamu Adamu, has announced the scrapping of Post-UTME (Unified Tertiary Matriculation Examination) and the pegging of tertiary admission cut-off mark at 180. Speaking at the 2016 policy meeting of the Joint Admission and Matriculation Board (JAMB), the minister said tertiary institutions were free to screen applicants,...

As Organisation of the Petroleum Exporting Countries (OPEC),began meeting,  Nigeria’s oil output has rose to 1.6 million barrels per day (bpd). Last month, output had fallen to 1.4 million bpd due to a string of militant attacks and an accident on the ExxonMobil platform exporting Qua Iboe, the country’s largest...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 1.02 percent while the Year-to-Date return stood at -5.09 even as investors recorded value addition of N94 billion. The All Share Index closed at 27,183.64 against the previous close of 26,910.23 while Market Capitalization closed...

  Vice-President Yemi Osinbajo, on behalf of President Muhammadu Buhari, today set in motion a $1 billion clean-up and restoration programme of the Ogoniland region in the Niger Delta, announcing that financial and legislative frameworks had been put in place to begin implementing recommendations made by the United Nations Environment...

The today planned visit of President Muhammadu Buhari to the oil-producing Niger Delta, which has been hit by a wave of renewed militant attacks has been cancelled. A government source in Abuja has said. The visit to the region was meant to launch a cleanup program of the Ogoniland, an...

The wave of restructuring in the nation banking industry that has been throwing a large number of banking staff into the employment market has hit Ecobank Nigeria Limited as it on Wednesday sacked some of its staff members even as it undertaken the conversion of over 200 outsourced personnel to...

The bearish trend that resurfaced on the Nigerian Stock Exchange (NSE) on Tuesday continued  on Wednesday as the All Share Index (NSE ASI) and the Market Capitalization decreased by 2.72 per cent, while the Year-to-Date return stood at -6.05 per cent. The All Share Index closed at 26,910.23 against the...

The United Kingdom has exported more than £4.6billion worth of arms to Nigeria and other countries,  which still carry out the death penalty last year. Others are Afghanistan, Equatorial Guinea, Ethiopia, Indonesia, Kuwait, Lebanon, Uganda, UAE and Vietnam. Britain also approved more than £109million of arms export licences to Egypt...

By ABDUL OLALEKAN Two years after the 2014 Pension Reforms Act was passed into law, the federal and state governments throughout the federation are yet to abide by some of the provisions in the new pension guideline, including the 18 per cent minimum pension contributions. Business247 investigation shows that all...