archiveApril 17, 2018

  The equities market of the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) inching 0.63 per cent higher to 40,788.68 points, following bargain hunting across major sectors. Accordingly, the Month-to-Date and Year-to-Date returns improved to -1.72 per cent and 6.66 per cent respectively. All sectoral indices closed in...

The All Progressives Congress (APC) has released dates for its State Congresses and National Convention. The release of the date is coming a day after the Chief John Odigie-Oyegun-led National Working Committee of the party announced the composition of the National Convention Committee. The full time table, as published by...

  The House of Representatives has started the process of proscribing the issuance of estimated bills to consumers by electricity Distribution Companies (DisCos). A bill by the Majority Leader, Mr. Femi Gbajabiamila and others, seeking to amend the Electricity Power Reform Act, successfully scaled second reading on the floor on...

The Independent National Electoral Commission (INEC) has said that it still has   7,920,129 Permanent Voter Cards (PVCs) yet to be collected from its offices across the nation. The commission disclosed this in a tabular data on consolidated PVCs as at March 22, 2018, released on Tuesday in Abuja. The data...

  The Nigerian Air Force (NAF) on Tuesday said that it has conducted air strikes against Boko Haram Terrorists killing scores of insurgents in the air operations. Its Director of Public Relations and Information, Air Vice Marshal Olatokunbo Adesanya said in a statement that the air strikes were carried out...

  President Muhammadu Buhari has appointed a Senior Advocate of Nigeria and activist, Barrister Festus Keyamo as the spokesperson of his 2019 Campaign Organisation, according to the copy of a letter circulating on Tuesday. The appointment letter dated 16th of April 2018 was signed by former governor of Rivers State...

The International Monetary Fund (IMF) has projected that Nigeria’s inflation will remain in the double digits in 2018. In the April edition of its World Economic Outlook unveiled on Tuesday at the ongoing Spring meetings in Washington DC, the Bretton Wood institution said inflation rate will, however, moderate in both...

    Sterling Bank Plc on Tuesday reported a profit after tax of N8.5 billion for the financial year ended Dec. 31, 2017. The profit after tax was higher by 65 per cent when compared to N5.2 billion declared for the corresponding period of 2016. The bank also posted gross...

  Senate has summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, Minister of Finance, Kemi Adeosun and the Minister of Defence, Mansur Dan Ali to explain how and why the sum of $462m was released for the purchase of helicopters without the approval of the Nigerian Senate....