archiveApril 2018

The equities market of the Nigerian Stock Exchange (NSE) closed nearly flat in Thursday’s session, with the All-Share Index (ASI) inching lower marginally by 0.01 per cent to 40,752.83 points. The Month-to-Date and Year-to-Date returns dipped marginally to -1.81 per cent and 6.56 per cent, respectively. The Consumer Goods index...

  The Independent National Electoral Commission (INEC) in Osun has released the timetable for the conduct of the state’s September 22 governorship election. Presenting the timetable to newsmen on Thursday in Osogbo, Mr Olusegun Agbaje, the newly appointed Osun Resident Electoral Commissioner (REC) said election activities would commence on June...

  The Nigerian Communications Commission (NCC) said it remitted N49.7 billion to the Federal Government in the first quarter of 2018. The NCC’s Director of Public Affairs, Mr. Tony Ojobo,  said in a statement on Thursday that the remittance was in compliance with the Fiscal Responsibility Act of 2007 (FRA...

  The Oyo State Government has approved beaded crowns and coronets for 48 Obas across the state. This is said to be in line with the exercise of powers conferred on the Governor by Section 28(1) of the Chiefs Law Cap 28, Vol. 1 Laws of Oyo State of Nigeria...

  People of the Delta Central Senatorial District being represented by the suspended senator, Ovie Omo-Agege, stormed the National Assembly on Thursday to protest against the 90 legislative days suspension placed on him by the Senate. They expressed readiness to continue the protests as long as the Senate refused to...

  President Muhammadu Buhari on Thursday survived impeachment motion in the senate. The motion is not completely dead though. The upper chamber resolved to refer the motion to its Judiciary and Legal Matters Committee for advice and guide on whether to activate Section 143 of the Constitution which deals with...

  The Senate has asked the Nigerian National Petroleum Corporation (NNPC) to refund N216 billion paid by the commission as subsidy in 2017. The lawmakers unanimously agreed that the money be repaid to the Consolidated Revenue Fund, saying its expenditure is illegal. This position was part of recommendations of the...

  The meeting of the Federation Account Allocation Committee (FAAC) for the month of April was Wednesday postponed, the second time, as controversy  continued to trail the remittances by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account. It would be recalled that the FAAC meeting for March where...

  The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to end the multiplicity of foreign exchange windows and the resultant multiple exchange rate regime in the nation’s economy. It also said it had concluded plans to launch the naijabddc.com,...

  The Central Bank of Nigeria (CBN) has rolled out a tougher sanctions regime for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) which stipulates fines on banks, their directors and other key officials for 48 money laundering infractions. The new regime is believed to be an improvement on...