archiveNovember 26, 2018

The Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said there were strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019. Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by...

Another meeting between the federal government and Academic Staff Union of Universities (ASUU) ended on Monday night without an agreement. The meeting which started at about 5 p.m. at the Federal Ministry of Education was to find a lasting solution to the ongoing strike by the university lecturers. The union...

The Nigerian equities market started the week bearish, with the benchmark index dropping 0.46  per cent to 31,533.50 points, following broad selloffs across Banking sector stocks. Accordingly, the Month-to-Date and Year-to-Date losses increased to 2.73 per cent and 17.42 per cen, respectively. Among sectoral indices, the Banking (-0.91%) index recorded...

A 14–year old Odjegba Divine Omesiri emerged the overall winner  of this year’s edition of the UBA Foundation’s National Essay Competition, carting away a brand new laptop as well as an educational grant worth N2 million to study in any African university of her choice. Odjegba, a student of the...

Vice President Yemi Osinbajo on Monday said that  the presidency was closely working with the National Assembly for the quick passage of the Petroleum Industry Governance Bill (PIGB). Osinbajo said this during his keynote address at the 18th international HSE Biennial conference, organised by the Department of Petroleum Resources (DPR)...

The World Bank has said that fiscal deficits in Nigeria may widen further in 2018 due to increased pre-election spending and sustained revenue shortfalls. The Washington-based institution stated this in its Bi-annual Economic Update on Nigeria, titled, “Investing in Human Capital for Nigeria’s Future.” According to the update published Monday...

Dubai Chamber of Commerce and Industry has announced that its President and CEO Hamad Buamim has been appointed to the post of Chairman of the International Chamber of Commerce’s World Chambers Federation (WCF), the ICC’s forum uniting a global network of 12,000 chambers and their respective business communities. The announcement...

The Securities and Exchange Commission (SEC) has restated its desire to pursue initiatives that would aid financial inclusion of Nigerians as this is capable of growing the nation’s economy. Acting Director General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk stated this in her remarks at the 2018...

The ongoing strategic partnership between the Central Bank of Nigeria (CBN) and the Association of Bureaux De Change Operators of Nigeria (ABCON) has kept the naira stable at both the official and parallel market s despite huge campaign spending by political parties. ABCON President, Alhaji Aminu Gwadabe who spoke with...

    Over 2,000 Lagosians on Monday benefited from the Lagos State Employment Trust Fund (LSETF), as they were presented with cheques ranging from N200,000 to over N500,000 by the State government as loans to start their businesses. With Monday’s disbursement of the loans, the state government through LSETF, according...