archiveNovember 2018

  The Peoples Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar, has commended the Federal Government for agreeing to pay N30,000 as minimum wage. President Muhammadu Buhari on Tuesday approved N30,000 as the new Minimum Wage. He gave his approval while receiving the report of the Tripartite Committee on the...

  At least 16 Nigerian soldiers are missing following clashes with Boko Haram jihadists in the Lake Chad area, military and militia sources told AFP on Tuesday. The incident began when gunmen in several trucks attacked a military base and a local market in the town of Kukawa late on...

The Speaker of the House of Representatives, Mr. Yakubu Dogara, has condemned the assassination attempt on the Deputy Senate President, Ike Ekweremadu, his wife and son, by gunmen. Dogara made the condemnation in a statement on Tuesday signed by his Special Adviser on Media and Public Affairs, Turaki Hassan, in...

The Nigerian Stock Exchange (The NSE) on Tuesday invalidated the 48th Annual General Meeting (AGM) of NEM Insurance held in June and all the resolutions reached at the meeting. The insurance was also mandated to reconvene the AGM, with proper notice given to shareholders and in line with extant laws....

  Despite increased investment opportunities in developed nations, particularly the United States (U.S), which triggered recent divestment of portfolio assets by Foreign Portfolio Investors (FPI) from Nigeria’s stock market, the country recorded higher inflows of foreign investment into the country compared with investment outflows in the third quarter of 2018....

Proceedings turned positive in the Nigerian equities market on Tuesday as the benchmark index, All-Share Index inched up 0.33 percent, following interest in large cap stocks. As a result, the Month-to-Date and Year-to-Date losses reduced to 0.96 per cent and 15.92 per cent, respectively. Returns were mixed across the major...

President Muhammadu Buhari on Tuesday approved N30,000 as the new national minimum wage. He gave his approval while receiving the report of the Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa, Abuja. With the approval, a bill is expected to be sent to the National...

  The Federal Government on Tuesday in Abuja debunked the report by the United States Department of Agriculture (USDA) on World Markets and Trade that Nigeria imported three million metric tonnes of rice in 2018. The Minister of Information and Culture, Alhaji Lai Mohammed, made government’s position known in an...

    The Minister of Information and Culture, Alhaji Lai Mohammed, says President Muhammadu Buhari has delivered on his campaign promises, and deserves to be voted for the second term. Mohammed said this on Tuesday in Abuja when he appeared on the News Agency of Nigeria (NAN) flagship programme, NAN...

Golar LNG said on Monday it was in talks with Nigerian authorities about setting up a power project that could use one of its vessels to import liquefied natural gas (LNG). The company wants to expand beyond its core LNG shipping and terminals business and owns half of the $1.7...