archiveApril 6, 2017

Britain said on Thursday that its exit from the European Union would bring very little or no change in its bilateral relationship with Nigeria. The British High Commissioner to Nigeria, Paul Arkwright, said this in his public lecture delivered at the Federal University, Lokoja. According to the British envoy, what...

Following the recent increase in the bridging allowance to transporters from N6.20 to N7.20, the Nigerian National Petroleum Corporation (NNPC) has clarified that it will not lead to an increase in the pump price of Premium Motor Spirit (petrol) from the prevailing price of N145 per litre. The increase in...

*We will engage on basis of trust-VP *Meets Gbaramatu leaders & US investors on proposed project As implementation efforts on President Muhammadu Buhari’s New Vision for oil-producing communities in the Niger Delta region progress, states in the region are beginning to indicate interest in working with the Federal Government and...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 1.11 per cent, while the year-to-date return stood at -4.17 per cent as investors gained N98 billion. The All-Share Index closed at 25,755.18 against the previous close of 25,471.69 while Market Capitalization closed at ₦8.912 trillion...

The National Association of Nigerian Students (NANS), on Thursday expressed happiness over the unconditional release of 13 students of University of Lagos from detention at the Kirikiri Maximum Prison. The students were freed before the expiration of 24-hour ultimatum given to a Special Offences Mobile Court in Lagos by NANS...

Nigeria's Union Bank plans to raise 50 billion naira ($164 million) by the end of the second quarter via a rights issue to boost its capital adequacy and tap opportunities to lend to agribusinesses, its chief executive said. The bank’s Chief Executive Officer, Mr. Emeka Emuwa said on Thursday that...

The House of Representatives on Thursday quizzed the Minister of Finance, Kemi Adeosun and Budget and National Planning Minister, Udoma Udo Udoma over N302.4 billion pension arrears. The lawmakers demanded to know what the Executive was doing to offset the outstanding pension liabilities under the Defined Benefit Scheme (DBS) and...