archiveOctober 2017

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria’s position on renewable energy and regional integration was presented by the Honourable Minister of...

The Federal Government says the privatised power sector will open up for new investment process to enable new investors invest further in the development of the sector. The Minister of State for National Planning, Mrs Zainab Ahmed, said this in Abuja. Ahmed said the plan by government became necessary given...

South Africa’s Supreme Court of Appeal on Friday upheld a ruling by the High Court that reinstated corruption charges against President Jacob Zuma. Mr. Zuma approached the court seeking to have a Pretoria High Court judgment in April 2016 that ordered a review of a decision by the National Prosecuting...

Arewa Consultative Forum (AGF), has called on President Muhammadu Buhari to impartially probe the allegations of impropriety in contract award levelled against the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru by the Minister of State for Petroleum Resources, Dr.Ibe Kachikwu. The body gave the...

The Senate has passed the Electoral Act No. 6 (2010 Amendment) Bill 2017 into law and below are the details of the bill: 1. There shall now be full biometric accreditation of voters with Smart Card Readers and/or other technological devices, as INEC may introduce for elections from time to...

The Chief Executive Officer of Union Bank Plc, Mr. Emeka Emuwa has said that the bank, which is currently on breach of regulatory prescribed 20 per cent share flotation may sustain the tempo until trends in the market improves. The bank’s CEO disclosed this on Wednesday at the Nigerian Stock...

Fidelity Bank Plc has successfully issued a $400 million Eurobond. The bank issued the five-year securities with a 10.75 per cent yield on Wednesday. The bank is the third Nigerian bank to sell Eurobonds this year after Zenith Bank Plc and United Bank for Africa Plc, while also following the...

Shareholders of PZ Cussons on Thursday approved N1.98 billion as dividend for the 2017 financial year, which translated to a dividend payment of 50 kobo per share. The shareholders gave the approval at the annual general meeting (AGM) held in Abuja. The company recorded a revenue of N79.65 billion for...

Mr. Felix Udochukwu Ariguzo, a teacher with Mastercare International School, Asaba, Delta State, has emerged the Maltina Teacher of the Year for 2017 in the highpoint of the competition’s grand finale held in Lagos on Thursday. For the feat, Ariguzo was rewarded with N1 million in addition to N500,000 he...

A public interest lawyer, Pelumi Olajengbesi, on Thursday faulted the prosecution of Senator Isa Misau, by the Attorney-General of the Federation, Abubakar Malami (SAN), saying it smells of politics. He regretted that instead of the Office of the Inspector-General of Police, Ibrahim Idris and the Police Service Commission (PSC) to...