archiveMarch 2018

The Nigerian Stock Exchange (NSE) extended losses to the fourth consecutive trading session on Wednesday as the All-Share Index shed 1.1 per cent to close at 40,802.08 points while the year-to-date (YTD) return further declined to 6.7 per cent. Investors recorded value erosion of N159.4 billion at the close of...

The Federal Executive Council (FEC) meeting on Wednesday approved N20 billion for rehabilitation of Ikorodu – Shagamu expressway. The Minister of Information and Culture, Lai Mohammed, who stood in for the Minister of Power, Works and Housing, Babatunde Fashola, disclosed at the end of the meeting chaired by President Muhammadu...

  …Signify interest in Murtala Muhammed Airport concession; to pursue Accelerated Rice Program On Wednesday, the six governors of south west region  of Nigeria under the auspices of the Western Nigerian Governors Forum, formally admitted Lagos State into the O’dua Investment Group with a total of 115 million shares thus...

  The Federal Government of Nigeria earned 557.9 billion naira ($1.77 billion) in gross revenues in February, up from 538.9 billion naira ($1.71 billion) the previous month, due to higher crude exports and prices, Accountant General Ahmed Idris said on Wednesday. The OPEC member is recovering from its worst recession...

  The Senate has directed its Committee on Education (Basic and Secondary) to interact with the Minister of Education to identify the causes of mass failure in the Senior Secondary Examination conducted by the West African Examination Council (WAEC). The resolution followed the adoption of a motion sponsored by Senator...

  Buhari’s visit: Police warn over protest in Lagos   The Nigerian Bar Association (NBA), Ikeja Branch, has restated its resolve to embark on another round of protest on March 29 over the reviewed Lagos Land Use Charge. The NBA Chairman, Mr Adeshina Ogunlana, said at a media briefing on...

      …Workers to get salary before Easter as FG, States, LG receive payments today     …FAAC, NNPC to jointly reconcile revenue figures     Workers at the three tiers of Government are to receive their salaries for this month before the Easter break as the Federal, State...

  Her Excellency, Mrs. Toyin Ojora-Saraki, wife of the Senate President, has disclosed that United Nations estimates reflect that lack of gender parity costs Sub Saharan African (SSA) countries including Nigeria, on the average, about US$95billion a year. She therefore advised that in order to improve livelihood of their people,...

      Jumia Food has announced its partnership with six new top restaurants in Port Harcourt, bringing the total restaurants active on the platform in the city to 35. The six restaurants are: Genesis; Jevinik; South 66; Menage; Casablanca; and Go Green.   In addition, Jumia Food has also...

  Unity Bank has once again reiterated its position that it had not received $1 billion investment from Milost Global Inc. The clarification, according to the bank, was in view of misinformation in some sections of the media pertaining the Milost's interest. The bank said that no amount of effort...