archiveSeptember 2016

  *** To set up processing plant As Delta state seeks to diversify its economy, Governor Ifeanyi Okowa has disclosed that the agricultural sector would engender growth, stimulate the economy and create  employment for the people of the state Speaking when he received on a courtesy call, the management team...

The Divisional Student Affairs Department of Obafemi Awolowo University (OAU), Ile-Ife, Osun State has said in a statement that it has shut down all mosques located in the school hostels over allegations raised against  the local branch of Muslim Students Society of Nigeria (MSSN). The school authority in the statement...

The Central Bank of Nigeria (CBN) has said that it would sanction any of the Deposit Money Banks (DMBs) that contravenes the terms and conditions of the Nigerian Electricity Market Stabilisation Facility (NEMSF). The apex bank gave the warning on Monday (September 5, 2016) in a circular signed by its...

The Central Bank of Nigeria (CBN) would raise about N1.77 billion in Treasury Bills (TBs) in the last three months of the year. According to the CBN fourth quarter Treasury Bill Issue Programme  released on Monday, the apex bank said it plans to raise about N815.37 billion, comprising 91 days,...

The Nigerian Labour Congress (NLC) has advised President Muhammadu Buhari to seek the advice of indigenous economists to generate the necessary ideas and policies that will provide solution to the economic recession in the country. The President of NLC, Comrade Ayuba Wabba, gave this advice yesterday in Abuja,stressing that the...

Shareholders of four banks listed on the Nigerian Stock Exchange (NSE) will receive a sum of N29.7 billion in dividend for the half year ended June 30, 2016 despite the severe macro economy challenges. Given the challenging operating environment and stiff regulatory environment, analysts have expressed that investors in the...

The Nigerian National Petroleum Corporation (NNPC) has said that the report in the media that an increase in fuel price by the Federal Government was in the offing was not true. The NNPC Group Managing Director (GMD), Maikanti Baru, told the State House correspondents shortly after the meeting with President...

The on-going Cowbellpedia Mathematics Television Quiz Show has continued to generate big excitement for students, parents and millions of viewers who watch the programme every week on television stations across the country. The Parents and other stakeholders in the education sector have also lauded Promasidor Nigeria Limited for bankrolling the...

Transactions at the Nigerian Stock Exchange (NSE) today remained on a downward trend due to profit taking. The market All-Share Index shed 49.55 basis points or 0.18 per cent to closed at 27,707.12 basis points. Similarly, the market capitalization shed N17 billion to close at N9.518 trillion. The downturn was...

Nigeria Customs Service (NCS) Tincan Island Command has generated N26.2 billion in the last one month. In a statement by the command’s Public Relations Officer, Mr. Uche Ejesieme, the Area Controller of the command, Comptroller Yusuf Bashar explained that the amount generated was due to the operational reforms and policies...