archiveApril 10, 2018

The Chairman, Senate Committee on Local and Foreign Debts, Mr. Shehu Sani, says his committee is yet to receive any letter from the Presidency to the Senate on the $2.5 billion Eurobond. Sani told News Agency of Nigeria (NAN) in Abuja on Tuesday that though the committee had not been...

Gains resurfaced on the Nigerian bourse on Tuesday, albeit marginally, as the market All-Share Index (ASI)  inched higher by 0.17 per cent to 40,499.04 points, owing to renewed interests in industrial goods stocks. Accordingly, the Month-to-Date loss dipped to 2.42 per cent, while the Year-to-Date gain improved to 5.90 per...

  The Nigerian Communication Commission ( NCC ) and the Central Bank of Nigeria ( CBN ) on Tuesday in Abuja signed a Memorandum of Understanding ( MoU ) on payment system. Prof. Umar Danbatta, the Executive Vice Chairman of NCC, said the signing of the MoU between NCC and...

  Expects IPO of Nigerian business this year By Wole Tokede with agency report MTN has struck an agreement with pan-African lender Ecobank to offer mobile banking across Africa, its group chief executive said on Tuesday even as it confirms the plan of the company to list its Nigerian unit...

The Senate on Tuesday confirmed receiving the letter containing the names of 26 new appointments sent to it by President Mohammadu Buhari for confirmation. In separate letters, the president asked the Senate to confirm Festus Okoye as national commissioner for the Independent National Electoral Commission, INEC. Okoye is among 26...

The Federal Government of Nigeria (FGN) through the Consumer Protection Council (CPC) on Tuesday warned against the consumption of medication containing an opiate, codeine, without medical prescription. According to a statement by Babatunde Irukera, Director General of the CPC, codeine is an opiate, and one of many in the opioids...

The introduction of the Treasury Single Account (TSA) in August 2015 reduced the number of accounts managed by the Nigerian National Petroleum Corporation (NNPC) from over 2000 to a little under 200, the corporation’s Chief Financial Officer (CFO) said. Mr. Isiaka Abdulrazaq the NNPC CFO spoke in an interview published...

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday denied the allegation that she wrote a “strongly-worded letter” to President Muhammadu Buhari objecting to the payment of $16.9 million fees to two lawyers for the recovery of the funds looted by former Military Head of State, late General Sani Abacha....

  Buhari has a record of increasing poverty A presidential aspirant and former deputy governor of Central Bank of Nigeria (CBN), Mr. Kingsley Moghalu says he can do better than the administration of President Muhammadu Buhari, which according to him, has only succeeded in increasing poverty and insecurity in the...

President Muhammadu Buhari on Monday declared his intention to seek re-election in the forthcoming 2019 general elections. The president made his plan known to the National Executive Committee (NEC) of the All Progressives Congress. The president said he was responding to the clamour by Nigerians to re-contest in 2019, adding...