archiveSeptember 5, 2017

Bayelsa State Governor, Henry Seriake Dickson, has congratulated the Awujale and paramount ruler of Ijebuland, Oba Sikiru Adetona on the successful celebration of the 2017 Ojude-Oba festival ‎which took place last Sunday. Dickson in a statement issued on Tuesday by his Chief Press Secretary, Daniel Iworiso-Markson expressed delight that the...

• Lai Mohammed explains why The weekly Federal Executive Council, FEC, meeting will not hold tomorrow, Wednesday The Minister of Information and Culture, Lai Mohammed, said the meeting will not hold because the Eid-el-Kabir holiday deprived the ministers adequate time to prepare the documents for the meeting. In a statement...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.28 per cent, while the year-to-date return stood at 31.74 per cent. The All-Share Index closed at 35,403.92 against the previous close of 35,504.62 while Market Capitalization closed at ₦12.203 trillion against previous close of ₦12.237...

The Federal High Court, Abuja, on Tuesday granted the request seeking to serve court processes on Nnamdi Kanu and the Indigenous People of Biafra (IPOB) through substituted service. The court, however, ordered that other respondents in the matter, namely: the Inspector-General of Police, the Commandant General, Nigeria Security and Civil...

Ecobank Transnational Incorporated (ETI) has secured a $250 million loan. In a statement to the Nigerian Stock Exchange (NSE) on Tuesday, the parent company of the Ecobank Group, explained that the loan deal has been completed. According to Ecobank, the facility is a five-year senior unsecured loan obtained from Deutsche...

The Nigerian currency, Naira on Tuesday appreciated against the Dollar at the parallel market. The currency gained N1 to exchange at N364 to the dollar as against N365 it traded on Friday, while the Pound Sterling and the Euro closed at N470 and N430. Trading at the Bureau De change...

The Academic Staff Union of Universities (ASUU) will on Thursday hold a crucial meeting with the Federal Government of Nigeria. Thursday’s meeting, if held, will be exactly a week since the lecturers refused to show up for a meeting with the government delegation saying such meeting was “unnecessary.” This Thursday’s...

• Promises to intensify ERGP implementation The Buhari administration welcomes news of Nigeria's exit from recession with cautious optimism and promises to continue to drive Nigeria's economic growth by vigorously implementing the Economic Recovery & Growth Plan (ERGP) launched earlier this year by President Muhammadu Buhari. The overall economic plan...

The National Council on Privatisation (NCP), which is chaired by the Vice President Yemi Osinbajo, SAN, has approved the commencement of the privatisation of Afam Power plants 1-5 to inject additional power into the national grid and improve electricity nationwide. The Council also approved the pursuit of an out-of-court settlement...

PricewaterhouseCoopers’ (PwC) report titled: AI Impact Index has stated that the implementation of artificial intelligence (AI) initiatives in businesses in Nigeria and other parts of the world will contribute around $15.7 trillion to global gross domestic product (GDP) by 2030. According to the report, the global GDP will be 14...