archiveJune 2017

The Board of Continental Broadcasting Services Ltd., CBS, owners of Television Continental, TVC, and Radio Continental, on Friday laid off 145 staff members. According to a statement issued by the management of the media outfit, the decision was parts of its effort to restructure the organisation. The statement said the...

Some Nigerians in Abuja on Friday flayed the Senate recommendation for a N5 fuel levy on every litre of petroleum or diesel imported into the country. The respondents expressed their views in separate interviews with the News Agency of Nigeria in Abuja. Adebayo Ojo, a resident, noted that the present...

"The vision of our President for our Nation is one where the Federal Government partners with the States to create industrial, commercial and professional opportunities for all our citizens." Speech delivered by His Excellency Acting President Yemi Osinbajo, SAN, at the town-hall meeting with community leaders in Cross Rivers State...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 3.49 per cent, while the year-to-date return stood at 16.73 percent. The All-Share Index closed at 31,371.63 against the previous close of 30,314.14 while Market Capitalization closed at ₦10.845 trillion against previous close of ₦10.480 trillion....

A bill in the House of Representatives proposing six months imprisonment for persons who distort queues in public places on Thursday scaled second reading. The sponsor of the bill, Abubakar Amuda-Kannike (Kwara-APC), said the bill sought to ensure that Nigerians conduct themselves orderly in public places. Mr. Amuda-Kannike said it...

The foreign reserves dropped by $535 million in one month following Central Bank of Nigeria’s (CBN) rapid intervention in the foreign exchange market. According to data from CBN’s website, foreign reserves opened in the month of May at $30.86 billion and close the same month at $30.3 billion, a decline...

The Senate of the Federal Republic of Nigeria (FGN) has proposed an increase of N5 per litre of Premium Motor Spirit (PMS), otherwise called petroleum and other petroleum products for the funding of road projects in the country. The proposal which is contained in the report of the Senate Committee...

• Says President Buhari personally negotiated the loan for the Lagos-Calabar rail Acting President Yemi Osinbajo, SAN, has assured the people of Bakassi and government of Cross River that the Federal Government remains committed to addressing the plight of the displaced in Bakassi, in line with the Buhari presidency’s policy...

The Nigerian Stock Exchange (NSE) on Thursday at an interactive session launched X-Academy, a knowledge-platform designed to provide education services to individuals who want to gain a better understanding of various aspects of the capital markets. X-Academy offers a wide range of courses geared towards bridging the knowledge gap of...

...partnership ‎to build key projects top agenda For physical and rapid development of oil producing communities in the Niger Delta, Governor Ser‎iake Dickson of Bayelsa State has called for effective collaboration between governments in the region and the Nigerian National Petroleum Corporation (NNPC) especially in ‎areas like security and the...