archiveNovember 2017

Dr Akinwumi Adesina, the President, African Development Bank (AfDB) says the bank will support urban transportation system in Abuja. He said this in an interview on Wednesday in Abuja. According to him, the bank was also working with the Nigerian government to ensure that the Abuja Bus Rapid Transit (BRT)...

***School Feeding now active in 19 States, VP says Remarks by the Vice President, Federal Republic of Nigeria, His Excellency, Prof. Yemi Osinbajo (SAN) at the Inauguration of the National Council on Nutrition and the Nigeria Launch of the 2017 Global Nutrition Report at the State House, Abuja, on November...

Equities segment on the Nigerian Stock Exchange rebound from Tuesday’s 0.52 per cent loss at 36,600.07 points with a 0.02 per cent gain on Wednesday, closing at 36,608.76 points. Similarly, market capitalization closed higher at N12.75 trillion, however, market breadth was negative with 23 losers as against 17 gainers. All...

The Manufacturers Association of Nigeria (MAN) has signed a memorandum of understanding (MoU) with Geogrid LighTec Limited, a privately held independent power generation company to deliver 15 megawatts (mw) off grid power to the association. The Vice President, North West zone, MAN, Ibrahim Usman, disclosed at the signing ceremony in...

Only 26 per cent of the private candidates who wrote the 2017 Senior Secondary Certificate Examination, SSCE, had five credits including Maths and English, representing a sharp drop in the results recorded in 2016. The percentage of candidates in this category in 2015 and 2016 examinations were 28.59 per cent...

...kinsmen demand arrest Contrary to claims that a former Minister of State for Niger-Delta Affairs, Sam Ode, is a retired Permanent Secretary in the Benue State civil service, his kinsmen under the aegis of Idoma Patriotic Front, on Tuesday, faulted the claim describing it as "impersonation from hell." Specifically, the...

The Central Bank of Nigeria (CBN) said it is on course to realise its target of bringing the country’s inflation rate down to single digits by next year The CBN Governor, Mr. Godwin Emefiele said on Tuesday at the end of the two-day Monetary Policy Committee (MPC) meeting in Abuja,...

  The Nigerian Equities market recorded a third successive positive close today as the NSE ASI gained 24bps on its previous close of 36,703.58 points to close at 36792.60 points. Market capitalization closed at 12.794 trillion naira and market breadth closed bullish with 15 losers as against 17 gainers. NSE...

  The Central Bank of Nigeria (CBN) intervened in the inter-bank Foreign Exchange Market to the tune of $210 million on Monday. Figures obtained from the Bank revealed that the interventions were in the wholesale, small and medium enterprises (SMEs) and invisibles windows. Confirming the figures, Acting Director, Corporate Communications...

The Nigerian Army has announced the promotion of 136 senior officers to generals. Those promoted include 92 colonels who were promoted to brigadier generals even as 45 brigadier generals were promoted to major generals. A statement from the army spokesperson, Sani Usman, confirmed the promotions. The Nigerian Army Council has...