archiveJuly 2016

The Petroleum and Natural Gas Workers of Nigeria (PENGASSAN) has announced the suspension of its nationwide strike with immediate effect. This is sequel to the decision taken at the end of its National Executive Council Meeting, which was which directed the immediate call off of the strike action having reviewed...

Ghanaian anti-corruption crusader, Vitus Azeem, has called for further investigations to unravel the truth in the claim by former Ghanaian President, Jerry John Rawlings, that he received $2 million from the late Nigerian President, Sani Abacha. According to GhanaWeb, a Ghana-based online news medium, the former president was accused in...

The Chairman of the Senate Committee on Federal Capital Territory (FCT), Senator Dino Melaye, has denied media reports that he was plotting and instigating the impeachment of President Muhammadu Buhari. According to him, the people spreading the falsehood were those who believe that a Nigeria that is not led by...

The equities transactions on the Nigerian Stock Exchange (NSE) closed on a positive note today as the market All-Share Index appreciated by 0.15 per cent to close at 28,857.34 basis points, compared with the 0.14 per cent depreciation recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +0.75 per...

Etisalat Nigeria has reiterated its commitment to quality customer experience and the continuous development of innovative products and services in its effort to offer customers on its network more value for money. The Director, Brands and Experience, Etisalat Nigeria, Elvis Ogiemwanye, gave the assurance on Wednesday during the Abuja leg...

In furtherance of its continued support for sports and commitment to youth development in Nigeria, Chi Limited recently participated in the finals of the just concluded Lagos State Principal’s Cup. Renowned to be one of the biggest grassroots football competitions in Nigeria, the tournament comprises of inter-secondary school soccer amongst...

Niyi Olaoye Fitch Ratings, a global leader in credit ratings and research, has affirmed the long-term National Rating of Wema Bank at BBB- to reflect the improvement in creditworthiness over time relative to the best credits in Nigeria. In Fitch’s opinion, the banking industry will remain challenging considering volatile and...

The Federal Ministry of Finance has said that the under-performance of the insurance sector has denied the country of an annual 1.5 per cent increment in Gross Domestic Product (GDP). Its Minister, Mrs. Kemi Adeosun, dropped the hint at the 2016 National Insurance Conference (NIC) held in Abuja on Tuesday....

President Muhammadu Buhari has appointed Hadiza Bala Usman as the Managing Director of the Nigeria Ports Authority (NPA). Hadiza Usman, coordinator of the Bring Back Our Girls group is presently Chief of Staff to the Kaduna State Governor, Mallam Nasir el-Rufai. She has worked for the Bureau of Public Enterprises...

The Director General, Securities and Exchange Commission (SEC),  Mounir Gwarzo has urged  collaboration of media organizations in the country to ensure effective implementation of the Capital Market ten-year Master Plan. Gwarzo said this today during a meeting with the management of Nigeria Television Authority (NTA), in Abuja. The DG said...