archiveNovember 2016

The Senate said it on Tuesday received executive communication on the 2017-2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper for the second time in three weeks. The Deputy Senate Leader, Bala Ibn’Nallah, raised a motion seeking for consideration of the MTEF document having been rejected earlier by the...

The Court of Appeal sitting in Abuja has declared Mr. Eyitayo Jegede, SAN, as the rightful candidate of the Peoples Democratic Party (PDP) for the Ondo State governorship election stated for Saturday. In a unanimous judgment on Wednesday, the three-man Special Panel of the Court of Appeal led by Justice...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has called on the Federal Government to urgently evaluate the level of its domestic indebtedness and develop a framework for settling them. The committee in a communique on Tuesday after its two-day meeting held in Abuja warned that...

 Chairman, Senate Committee on Federal Capital Territory (FCT), Otunba Dino Melaye, has been named "Senator of the Year” for the 2015/2016 Legislative Year. The award would be conferred on Melaye, founder of "Senators with Like Minds", representing Kogi West Senatorial District tomorrow, Wednesday,  November 23,  2016 at the International Conference...

Management of Dansa Foods Processing Company Limited, on Monday vehemently denied owing Asset Management Corporation of Nigeria (AMCON), to the tune of N400 million. The company, through a release made available confirmed a business relationship with the defunct Intercontinental Bank and the only facility the company once had with the...

  ...CBN to raise N117bn T-Bills bills at auction Investors in the equities sector of The Nigerian Stock Exchange (NSE) lost N20 billion on Tuesday, making an eighth consecutive session of value depreciation primarily driven by heavy selloffs across Oil & Gas shares. Market capitalisation settled at N8.76 trillion from...

FMDQ OTC Securities Exchange has welcomed another listing of Sterling Investment Management SPV PLC N7.965 billion Series 1, Seven-Year 16.50 per cent Fixed Rate Unsecured Bond, under a N65 billion Debt Issuance Programme on its platform. Formally welcoming the listing at a ceremony on Monday, at the FMDQ offices, Vice...

The Minister of Finance, Mrs. Kemi Adeosun on Tuesday emphasised the importance critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development. She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja. Adeosun described the...

…..It will create jobs for youths, says Dickson Efforts to diversify the Bayelsa State economy beyond oil and gas is on course, with the State Government establishing an aqua-culture village, accommodating over 500 fish ponds, situated at Igbogene in the outskirts of the state capital. Speaking with journalist on Tuesday,...

Nigerian Shippers’ Council (NSC) has said that its Port Service Support Portal (PSSP) would not attract any fee. The council’s Deputy Director, Information and Communication Technology (ICT), Mr. Sunday Babafemi explained that the PSSP would only accommodate complaints from stakeholders. He urged the public to embrace the platform by using...