archiveMay 2018

  …Plans 13 pilot locations The Lagos State Government on Wednesday said that all was set for the commencement of the much anticipated the Embedded Power Supply Project by July 2018. The Lagos State Embedded Power Programme, a brain child of the present administration is targeted towards generating 3,000 megawatts...

  Governor Ayodele Fayose of Ekiti State has scolded President Muhammadu Buhari and former President Olusegun Obasanjo over their public spat over $16 billion Buhari claimed Obasanjo had allegedly spent on power with nothing to show for it. Governor Fayose weighed in on the controversy through his twitter handle, on...

    The National Convention Committee of All Progressives Congress (APC) has picked June 23 for the party’s convention in place of June 2 earleir scheduled.Chairman of the committee and governor of Jigawa, Alhaji Abubakar Badaru, announced on Wednesday in Abuja while inaugurating 12 sub-committees comprising 240 members, for the...

The Federation Account Allocation Committee (FAAC) on Wednesday shared N701.022 billion to  the three tiers of government as disbursements for the month of May, 2018. The figure was described as “an improvement from N626.8 billion shared in April” by the Permanent Secretary Federal Ministry of Finance. While addressing the press...

  Proceedings in the equities market on the Nigerian Stock Exchange (NSE) remained negative on Tuesday with the All-Share Index (ASI) dropping for the fourth consecutive session – longest streak of losses since 28th March – by 0.43 per cent to 40,249.29 points, amidst persisting sell pressure in value stocks....

  Former President Olusegun Obasanjo has responded to the suggestion by President Muhammadu Buhari that the administration he (Obasanjo) led between 1999 and 2007 wasted $16 billion on power projects without anything to show for it. Mr. Buhari had while receiving a delegation of Buhari Support Organisation (BSO) at the...

REMARKS BY HIS EXCELLENCY, PROF. YEMI OSINBAJO, SAN, GCON, VICE PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT THE FUNERAL MASS OF THE CATHOLIC PRIESTS AND WORSHIPPERS WHO LOST THEIR LIVES IN MBALOM, BENUE STATE, ON TUESDAY, 22ND MAY, 2018. It was early in the morning of April  24th, 2018, that Rev....

The Governor, Central Bank of Nigeria (CBN) has named Standard Chartered Bank and Stanbic Bank as settlement banks in currency swap agreement with Peoples Bank of China (PBoC). The apex bank has also announced plans to release framework for currency swap deal between PBoC by next week. The governor in...

The National Bureau of Statistics (NBS) has disclosed that 1,292 Nigerian were killed in road accidents in three first months of 2018. The Bureau in its Road Transport Data for first quarter of 2018, said, 1,186 of the 1,292 Nigerians that got killed, representing 92per cent of the figure, are...

The Nigeria Deposit Insurance Corporation (NDIC) has become the first public sector organization in Nigeria to be awarded three International Standards Organization (ISO) certifications by the British Standards Institute (BSI) simultaneously. At an elaborate ceremony in Abuja, the Corporation was presented with the three certificates by the British High Commissioner...