archiveOctober 4, 2017

Barely three days after it launched, new satellite TV provider, TSTV has received its first warning shot in form of a letter alleging illegal pirating of some TV content. A letter purported to have been sent to the Nigeria Copyrights Commission by beIN, a TV content provider, and titled “Illegal...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.15 per cent, while the year-to-date return stood at 31.57 per cent. The All-Share Index closed at 35,358.57 against the previous close of 35,306.09 while Market Capitalization closed at ₦12.171 trillion against previous close of ₦12.171...

As part of its commitment to the transformation of the Nigerian debt capital market (DCM) into a world class, properly functioning and globally competitive, FMDQ OTC Securities Exchange, in collaboration with DCM stakeholders on Friday last week launched a Sustainable Finance Sub-Committee in its Debt Capital Market Development Project. According...

Bayelsa State Governor, Henry Seriake Dickson ‎on Wednesday in Yenagoa inaugurated his former Chief Press Secretary, Daniel Iworiso-Markson, as the new Commissioner for Information and Orientation. Iworiso-Markson, a University of Nigeria, Nsukka (UNN)-trained consummate media‎ practitioner and renowned Public Relations Consultant, takes over from Hon. Jonathan Obuebite who has been...

The National Association of Nigerian Students (NANS) will protest against the poor state of health facilities in Nigeria following the death of its former President, Mr Dauda Mohammed, a statement has said. The statement issued by NANS’s President, Comrade Chinonso Obasi, on Wednesday in Abuja said the seven-day protest would...

The Lagos State Government and 10 other stakeholders have agreed to a 14-point resolution to restore order and sanity to Apapa. This agreement comes into being a fortnight after it directed all articulated vehicles to stay away from the state. The stakeholders which comprise the Nigerian Ports Authority (NPA), Nigerian...

The Senate on Wednesday resolved to investigate allegation of illegal award of $25 billion contracts levelled against the Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru. The upper chamber said that the weighty allegation of malfeasance and shoddy dealings in the NNPC should not...

The United States Government on Wednesday released additional $17 million (N6.1 billion) for poverty reduction in Nigeria. The development assistance, which was announced by the U.S Agency for International Development (USAID) in Abuja, is to fulfil the goals outlined in its 2015 Development Objectives Assistance Agreement with the Government of...

The Central Bank of Nigeria (CBN) said on Wednesday it has recovered over N50 billion from banks in excess charges imposed on customers in the last three years. This amount, the CBN said has been returned to bank customers who suffered from these excessive charges. Speaking at the ongoing Abuja...

Guinness Nigeria’s 39.70 billion naira ($126m) share sale to existing shareholders was 116 per cent subscribed, the company said on Wednesday. The brewer, the local unit of the world’s leading spirit maker Diageo, said in a statement it sold five new shares from the company to shareholders for every 11...