archiveOctober 2017

The foreign exchange supply by the Central Bank of Nigeria (CBN) interbank foreign exchange market on Monday rose to $195 million, with the naira exchanged at 363 against the United States dollar. It would be recalled that the CBN on Tuesday, last week, intervened in the interbank forex market with...

• Says FG will raise capital expenditure further in 2018 budget The Vice President, Federal Republic of Nigeria, Prof Yemi Osinbajo, SAN, has identified African ingenuity, resilience and incredible opportunities as factors that make the continent work. He said this in his Keynote Address at the Financial Times Africa Summit,...

Former Governor of Cross River State, Donald Duke, has expressed disapproval of the zoning of the Presidency. He raised strong objection to this while speaking on Hard Copy hosted by Maope Ogun on Channels TV on Tuesday. According to him, “I have never subjected myself to zoning, when I ran...

Iyanuoluwa Osewa and Abiodun Bello both from The Ambassadors College, Ota, Ogun State last weekend repeated the feat of their respective students who won last year’s Cowbellpedia Secondary School Mathematics TV Quiz Show, sponsored by Cowbell, the flagship brand of Promasidor Nigeria Limited. In the Teachers’ edition of the competition,...

The Nigerian Army has launched Operation Crocodile Smile II in Lagos and Ogun states. According to a statement signed by the spokesman of the 81 Division, Lieutenant Colonel, Olaolu Daudu, the exercise will end on October 28th, 2017 and that it will help troops sharpen their combat skills on land...

President Muhammadu Buhari has written a letter to the Senate of the Federal Republic of Nigeria seeking approval for a loan request of $6.5 billion. Buhari’s appeal was contained in a letter read on the floor of Upper Legistive Chamber by the President of the Senate, Senator Bukola Saraki, on...

Trading activities in equities on The Nigerian Stock Exchange opened the week on a positive note by 1.41 percent gain despite a dip in both trade volume and value relative to the previous trading session. Trading on the Exchange maintained last week’s gaining streak as the All-Share Index (ASI) recorded...

Lagos state Commissioner for Health, Dr. Jide Idris, said on Monday that two suspected cases of Monkeypox have been recorded in Lagos State He disclose this at a news conference on Monday evening, saying that the two suspected cases were currently under observation in health facilities in the state. “Though...

The Lagos Chamber of Commerce and Industry (LCCI) has estimated that Nigeria will lose about N150bn daily if the National Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Workers Senior Staff Association of Nigeria should embark on a nationwide strike. Both PENGASSAN and NUPENG had...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, has given a public defence to the allegations against him by the Minister of State for Petroleum Resources Mr. Ibe Kachikwu, saying he did no wrong. NNPC boss has faced stringent criticisms since a letter written...