archiveMay 2017

Nigeria's foreign exchange reserves fell to $30.49 billion as of May 25, the lowest level since April 18 and down 0.87 percent from a month ago, central bank data showed on Wednesday. The forex reserves were up 15.27 percent year-on-year, the data showed The country’s economy believed to be the...

The Presidential Adviser on Political Matters, Babafemi Ojudu, has given it back in full measure to Ekiti State Governor, Ayodele Fayose, over his call that President Muhammadu Buhari should resign . Fayose on Tuesday called for the resignation of the president on grounds of his ill health. Ojudu said the...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.73 per cent, while the Year-to-Date return stood at 8.94 per cent. The All-Share Index closed at 29,276.59 against the previous close of 29,064.52 while Market Capitalization closed at ₦10.121 trillion against previous close of ₦10.048...

Acting President Yemi Osinbajo, SAN, has signed into law two bills from the National Assembly that will ultimately facilitate access to more affordable credit for Nigerians. The bills which have now become 'Acts' are the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the...

The Federal Government has started a N100 billion Family Home Fund – an initiative of the Federal Government’s social housing project that provides inexpensive mortgages to Nigerians who can afford N30, 000 per month, Acting President Yemi Osinbajo, SAN, has said. Prof. Osinbajo who spoke about this at the May...

Bayelsa State Governor, Henry Seriake Dickson has called on the‎ Ministry of Niger Delta, Niger Delta Development Commission (NDDC) and other development partners to support his massive investments in Education and Security by supporting the Education and Security Trust Fund in the state. Dickson made the call on Tuesday at...

Over 1,000 youths elders on Tuesday took to the streets in Yenagoa, Bayelsa State capital, to support the recent arrest and prosecution of a former top official of the Niger Delta Development Commission (NDDC), George Turnah. The embattled legal practitioner was accused of fraudulently enriching ‎himself while he served as...

Members of the Nigerian Industrial Policy and Competitiveness Advisory Council inaugurated Tuesday Leadership 1. His Excellency, the Acting President and Chairman of the EMT, Prof. Yemi Osinbajo (Chairman) 2. Hon. Minister, Industry Trade and Investment, Dr. Okechukwu Enelamah (Vice-Chairman, Public Sector) 3. Hon. Minister of State, Industry, Trade and Investment,...

The General Overseer of the Latter Rain Assembly, Lagos, Pastor Tunde Bakare, has warned that Nigeria is on the verge of another Civil War following the yet-to-be addressed incessant killings of other Nigerians by herdsmen. Bakare spoke during his sermon on Sunday, declaring that the “country is moving towards another...

The Acting President, Yemi Osinbajo, used the opportunity of the Democracy Day celebration on Monday to harp on the various achievements of the Muhammadu Buhari administration and challenges confronting the administration in its two years on the saddle. According to Osinbajo, areas of successes of the administration include the anti-corruption...