archiveSeptember 11, 2017

The equities market on The Nigerian Stock Exchange (NSE) began the week on a negative note to counter last week gain as the All-Share index shed 80 bps to peg the YTD at 32.71 per cent. The market capitalization also closed at N12.400 trillion. The Market breadth reflects today’s position...

Vice President, Yemi Osinbajo, announced on Monday, that the federal executive council has agreed to the concession of the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja. Prof. Osinbajo on his tweeter handle @NGRPresident, said this while speaking at the fifth edition of the presidential Quarterly Business Forum held...

The Vice-President, Prof. Yemi Osinbajo, has urged the three tiers of government to ensure adherence to fiscal discipline, enhance revenue generation, rational allocation. He also called on them to be conscious of the efficient use of resources for Nigeria to achieve sustainable growth. Osinbajo gave the advice at the opening...

The Operatives of Nigeria Customs Service Tincan Island Port Command has seized 1 X 20 feet Container laden with 1,100 Jojef Magnum Pump Action and Jojef Magnum Plastic Single Barrels Hunting Gun Pump Action Rifles. The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) displays the seized rifles at a...

Minister of Finance, Mrs Kemi Adeosun has said that the federal, states and local governments need N700 billion every month to meet the requirements of salaries, statutory transfers and debt service. She said this at the opening of a two-day national workshop on alternative sources of revenue generation for sustainable...

The Central Bank of Nigeria (CBN) injected another $250 million into the foreign exchange market on Monday to keep the inter-bank market liquid. The wholesale sector got about $100 million, while the Small and Medium Enterprises (SMEs) window received a boost of $80 million. A total of $70 million went...

President Muhammadu Buhari on Monday met with members of the National Council of traditional rulers and decried the way the Paris Club Refund was spent by some state governors. The Federal government had on May 4 released details of the second tranche of Paris Club refund to States totalling N243....

The Human Rights Law Service (HURILAWS) has asked Federal Character Commission (FCC) to compel the Federal Government to implement Federal Character Principle in appointment of members of the Board Directors of the Nigerian National Petroleum Corporation (NNPC), failing which it said it will initiate legal proceedings. HURILAWS made this demand...

A Federal High Court in Abuja on Monday okays the recall process of the Kogi West Senator, Dino Melaye and thereby dismiss suit filed by the Senator, challenging the validity of the process of recalling him by his constituents. Justice Nnamdi Dimgba, in his judgment, ordered that the Independent National...

Former Vice-President Atiku Abubakar has urged the President Muhammadu Buhari-led All Progressives Congress(APC) administration to fulfil its promises to Nigerians to make them feel safe again. Atiku, who faulted an online report on one of the Chibok girls, said, “Not everything is about 2019.” The former Vice-President said this in...