archiveFebruary 2018

The Federal government has declared hate speech as an act of terrorism and warned that it will, henceforth, prosecute those who indulge in it. Minister of Information and Culture, Alhaji Lai Mohammed, who revealed this, said henceforth, offenders of dangerous comments would be treated in accordance with the 2011 terrorism...

The Nigerian Natural Resource Charter (NNRC) has disclosed that there are currently no clear policies in the award of oil and gas licenses in the Nigerian petroleum industry, stating that the decisions to award or deny licenses are determined by the prevailing socio-political environment. NNRC, in its 2017 Benchmarking Exercise...

    A former President of the Christian Association of Nigeria, Anthony Cardinal Olubunmi-Okogie, has told the President Muhammadu Buhari-led administration that Nigerians were angry over poverty and insecurity in the country. He gave this verdict in a press statement entitled, “There’s Anger in the Land” and made available to...

Socio-Economic Rights and Accountability Project (SERAP) has challenged President Muhammadu Buhari to direct the Attorney General of the Federation, Mr Abubakar Malami, SAN and Minister of Finance, Kemi Adeosun to publish more details on the alleged fraud and stealing of some of the N1 trillion budgeted for the Social Investments...

Following the recent directive of the Central Bank of Nigeria (CBN) that Deposit Money Banks (DMBs) and discount houses with huge bad loans and low capital base should not pay dividends to shareholders, some of the nation’s DMBS will not pay dividend for the year ended 31st December, 2017. As...

The Nigerian equities market began the week bearish. The index and the market capitalization closed lower at 41988.18 and N15.07 billion respectively. Similarly, Market breadth closed in favour of bear, with 16 gainers and 32losers. Sectoral indices grounded the NSEASI as all indices closed downbeat save for NSEBNK and NSEINS...

  The Nigerian Computer Society (NCS), has commended President Muhammadu Buhari for signing the Executive Order 5 to improve local content in public procurement with science, engineering and technology components. Mr Rex Abitogun, the Chairman of NCS, Abuja chapter gave the commendation in an interview with the News Agency of...

President Muhammadu Buhari on Monday said all unclaimed looted assets including landed properties recovered by the Federal Government would be sold and the proceeds deposited into government treasury. The President made this known when he addressed members of Daura Emirate coalition who paid him a condolence visit at his country...

The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market. The Bank’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor in a statement on Monday in Abuja, said that 100 million dollars was offered to authorised...

  A former Nigeria’s Chief of Army Staff, Lt. Gen. Alani Akinrinde (retd), on Monday lamented that the past two years of President Muhammadu Buhari government has been characterized by cruelty and complete bad governance. General Akinrinade spoke in Akure, Ondo state at the lecture organised to mark the first-year...