archiveMay 2018

  The Nigerian bourse began the month on a positive note, as the market All-Share Index (ASI) inched higher for the third consecutive session by 0.09 per cent to 41,306.02 points, following interest in value stocks, as well as positive reaction to corporate earnings. Accordingly, the Year-to-Date gain improved slightly,...

  Awards N18.874bn for renovation of 3rd Mainland The Federal Executive Council (FEC) has approved a contract for additional works on the Lagos-Ibadan expressway. The approval was part of the several given by the council at its weekly meeting presided over by Vice President Yemi Osinbajo at the presidential villa,...

  Not more than five million vehicles out of the estimated 12 million plying Nigerian roads have genuine insurance, the Nigeria Insurers Association (NIA) has said. Its Chairman, Eddie Efekoha, said the data was obtained through the Nigeria Insurance Industry Database (NIID). Efekoha revealed this at a media parley in...

For the second time in six days, Inspector General of Police (IGP), Ibrahim Idris, on Wednesday failed to honour the invitation of the Senate to explain the arrest and detention of  Senator Dino Melaye, representing Kogi West at the National Assembly, as well as the killings in some parts of...

  The Police on Wednesday brought Senator Dino Melaye in a magistrate Court in Abuja. He was brought in on a stretcher by police officers who prevented journalists from coming closer to him. Security officers stopped vehicular and human movement in the court vicinity. Melaye was accused of collaborating with...

  The Osun State Internal Revenue Service has closed down the Obafemi Awolowo University, Ile Ife, over alleged N1.8 billion tax debt to the state government. The institution was shut down Wednesday morning by the officials of the state revenue (IRS) led by Oladipo Babatunde after obtaining a court order...

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that Nigeria will exit gas flaring in two years time. Baru made the announcement while delivering the lead paper on a panel session at the ongoing 50th Offshore Technology Conference (OTC), in Houston,...

  The Manufacturing PMI in the month of April stood at 56.9 index points, indicating expansion in the manufacturing sector for the thirteenth consecutive month. The index grew at a faster rate when compared to the index in the previous month. The composite PMI for the non-manufacturing sector stood at...

  President Muhammadu Buhari has said that he did not sign any agreements with United States President Donald Trump during his meeting with the US president but only had discussions with him. The president met with his US counterpart at the White House on Monday during which they spoke on...

    *VP celebrates success stories of several young Nigerians *Calls for the Nigerian bridge to connect ethnicities, dialects, religion, politics and generations "My point is that we can contribute in profoundly transformative ways to changing our society by just doing our bit with excellence." – Vice President Osinbajo FULL...