archiveDecember 6, 2017

Nigeria Government plans to raise N100 billion ($327 million) by selling sovereign bonds with maturities of five and 10 years on Dec. 13, the Debt Management Office (DMO) said on Wednesday. The debt office said it will raise 50 billion naira each in of the maturities using the Dutch auction...

  Nigerian stocks gained for the sixth straight day on Wednesday to hit a new three-year high as investors on the Nigerian Stock Exchange (NSE) showed great interest in consumer goods and banking shares. The market All-Share Index climbed 1.46 per cent to cross 39,000 points, a level last attained...

  The Federal Executive Council (FEC) in its meeting chaired by the Vice President, Yemi Osinbajo, at the Council Chamber of the Presidential Villa, Abuja, said on Wednesday that the Federal Government has approved the take off of six new private universities. Minister of Education, Adamu Adamu, who briefed State...

The Federal Executive Council (FEC) has mandated the Minister of State for Petroleum, Mr. Ibe Kachikwu, to end the fuel queues across the country by this weekend. Vice President Yemi Osinbajo gave the directive at the FEC meeting on Wednesday which he presided in the absence of President Muhammadu Buhari...

The management of BUA Group has been using armed militia, soldiers and policemen to mine marble and limestone in mining sites allocated to the Dangote Group, the Ministry of Mines and Steel Development has alleged. In a statement said to have been signed by the ministry’s Permanent Secretary, Mohammed Abass,...

The Securities and Exchange Commission (SEC) on Tuesday announced its resolve to commence the forensic audit of Oando Plc. The development came few days after the suspension of the former Director-General of the Commission, Mr. Munir Gwarzo. Suspended alongside Mr. Gwarzo were two officials of the regulatory commission, Abdulsalam Habu,...

The National Bureau of Statistics (NBS) has disclosed that no fewer than 1,070 Nigerians died in road accidents in the third quarter of this year. The NBS Road Transport Data for Third Quarter, 2017 posted on its website on Wednesday showed that 89 out of the number were children. The...

President Muhammadu Buhari on Wednesday pardoned 500 inmates of the Kurmawa Central Prisons in Kano metropolis as part of Federal Government’s efforts to decongest prisons. The president who is on a two-day official visit to Kano State, granted the pardon when he arrived at the place in company of the...

The Executive Chairman/CEO of BUA Group, Abdulsamad Rabiu, has called on President Muhammadu Buhari to intervene and investigate acts of sabotage against BUA Cement operations by Dangote Group in connivance with top officials of the Ministry of Mines and Steel Development. According to a  letter dated December 4, 2017, signed...

  Emirates Airline has announced the commencement of its ‘Hello 2018 fare sale’, which offers special deals on economy and business class flights to popular destinations for its Nigerian travellers. According to the airline, the offer is for those looking to take their dream holiday or plan to visit loved...