archiveOctober 2017

  A leader of Nigeria’s ruling All Progressives Congress (APC) and a former governor of Lagos State, Asiwaju Bola Hammed Tinubu, said on Monday that there was no cabal in the Muhammadu Buhari administration. Tinubu who said this while addressing journalists after a closed door meeting with the president at...

The African Development Bank (AfDB) has called off a loan to Nigeria that would have helped fund the country’s budget, instead redirecting the money to specific projects, a vice president at the lender said on Monday. The Bank had been in talks with Nigeria for around a year to release...

The Nigerian equities market opened the week strong on Monday as it gained six basis points to close at 36484.30 to bring year-to-date returns to 35.76 percent even as investors gained N8 billion. Market capitalisation also closed higher at N12.688 trillion from a previous close of N12.680 million. The value...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the Federal Government would from 2019 begin tracking Nigeria’s crude oil and would be able to account for every drop of the commodity produced in the country. Kachikwu disclosed this in a podcast and explained further that...

At the end of the third and last semi-final last weekend, Rivers State had three representatives, the most in the finals of the 2017 Cowbellpedia Secondary School Mathematics Television Quiz Show, sponsored by Cowbell, the flagship brand from Promasidor Nigeria Limited. Representing Rivers State are: Osasere Egharevba and Jessey Uche-Nwichi,...

  FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) on Friday, October 27, 2017, held a cocktail reception & dinner party in honour of its immediate past Chairman, Dr. (Mrs.) Sarah O. Alade, OON, and six other retired non-executive directors who served the OTC Exchange until April 28, 2017....

The Federal Government of Nigeria on Monday announced the sacking of the suspended Secretary to the Government of the Federation, Babachir Lawal, and the Director General of the National Intelligence Agency, Ambassador Ayo Oke. This was announced on Monday in a statement by presidential spokesman, Femi Adesina. Adesina said the...

  Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, National spread, and Brand popularity. The brand is followed by Dangote Group, Coca-Cola, GTBank, among others in the ranking. The Chief Executive Officer of Top 50 Brands Nigeria, Taiwo...

Oil markets were firm on Monday, with Brent crude opening above 60 dollars per barrel on expectations that OPEC-led production cut, due to expire next March would be extended. Brent crude oil futures, the international benchmark for oil prices, were at 60.63 dollars per barrel at 0018 GMT, up 19...

Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa next year from 2.6 percent in 2017, the IMF said in a report on Monday, but warned that rising debt and political risks in larger economies would weigh down future growth. Nigeria and South African are the biggest...