archiveMay 2018

Ayo Fayose, Ekiti State Governor has mocked the All Progressives Congress (APC) following the peaceful conduct and successful conclusion of the People’s Democratic Party (PDP) governorship primaries in the state on Tuesday night. Prof. Kolapo Olusola, deputy governor of Ekiti State emerged as the PDP governorship candidate. He polled 1,191...

The Federal Government of Nigeria (FGN) has committed over N3 trillion on infrastructure development in the country. The Minister of State II for Power, Works and Housing, Suleiman Zarma, made this known on Wednesday when he paid a courtesy visit on the Governor Yahaya Bello of Kogi. The News Agency...

Officials said 17 people have died in northwestern  area of Democratic Republic of Congo where health officials have now confirmed an outbreak of Ebola. It is the ninth time Ebola has been recorded in the central African nation, whose eastern Ebola river gave the deadly virus its name when it...

In its bid to position Lagos State as a conducive environment that enables businesses thrive, 25 beneficiaries of the Lagos State Employment Trust Fund (LSETF) loan programme were amongst the over 100 leading vendors who attended the 2018 edition of the annual Simply Nigerian Fair (SNF) to showcase their various...

A World Bank Mission, comprising of 10 Executive Directors, is expected in Nigeria today (Wednesday) to hold high-level discussions with the Vice President, Prof. Yemi Osinbajo, SAN; Minister of Finance, Mrs. Kemi Adeosun and some Governors over the Bank’s projects in the country. In the World Bank Mission are the...

Nigerian National Petroleum Corporation (NNPC) disclosed on Tuesday that it was the Federal Government that was paying subsidy on petrol and not the corporation. The NNPC also stated that it spent $396.33 million on Turn Around Maintenance (TAM) for the country’s four refineries between 1998 and 2008. Addressing the House...

  The International Monetary Fund ( IMF) said on Tuesday  placed Nigeria and South Africa at the downside of Africa’s economic outlook in the short to medium term. The Fund also warned that Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits,...

  Canadian immigration officials are working with US counterparts in Nigeria to stem the number of migrants crossing illegally into Canada. Nigerian asylum seekers were said to have been crossing into Canada at its southern border with the US in growing numbers. Many were in the US with American visas...

  The House of Representatives sub-committee on Capital Market, Regulation and Compliance has started a probe in the capital market operations. Over 100 public liability companies have been invited by the committee to defend their operations on several petitions submitted to the committee from all nooks and crannies of the...

  The West African Securities Regulatory Authorities (WASRA) has agreed to converge existing rules used by the capital market regulatory agencies of the region in a bid to ensure that cross border listing is carried out with little or no hindrances. A statement from the Securities and Exchange Commission (SEC)...