archiveNovember 2018

The Nigerian equities market started the week on a negative note, as the benchmark index, All-Share Index dropped by 0.42 per cent to 32,048.18 points, with investors booking profit across sectors. AS a result, the Month-to-Date and Year-to-Date losses increased to 1.29 per cent and 16.20 per cent respectively. Most...

  A High court in Kano State has stopped Kano Assembly from probing alleged $5 million bribery against the state’s governor Abdullahi Ganduje. The presiding judge, Justice A.T. Badamasi gave the order on Monday while ruling on an ex-parte application by one Muhammad Zubair, the National Coordinator of Lawyers for...

The Senate has made known intention to probe the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, when it resumes from its recess over the alleged diversion of N378 billion dividends from the Nigerian Liquefied Natural Gas (NLNG), to defray the cost of under-recovery in the...

  Cameroon president-elect Paul Biya, 85, is scheduled to take the oath of office on Tuesday, an official statement released by the National Assembly said on Monday. “The swearing-in ceremony will begin at 11 a.m. local time at the National Assembly in the capital Yaounde,’’ the programme indicated. On Monday,...

As the nationwide strike planned by the Nigerian Labour Congress (NLC) is scheduled to begin on Tuesday, President Muhammadu Buhari on Monday in Abuja appealed to the NLC to shelve the planned strike. He urged labour to consider what his government inherited and what it was doing with fewer resources...

  Nigerian female sensation, Tiwa Savage, has emerged the 2018 Best African Act at the MTV European Music Awards. She is made histoty as  the first African female to win the award. The singer who was at the venue of the event in Bilbao, Spain on Sunday, clinched the award...

The Premium Times has exclusively reported that the Federal Government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) sourced from the Nigerian Liquefied Natural Gas (NLNG) dividend funds to secretly fund subsidy payment on petroleum products. According to the news medium, the diversion details are coming amidst...

The Federal Government has said that the World Bank’s Doing Business Index (DBI) 2019 report did not consider the nine recent reforms it undertook within the cycle under review did not resonate with the private sector, which strongly feels more needed to be done to make the business environment friendlier...

The Nigerian National Petroleum Corporation (NNPC) has assured motorists that it has adequate petroleum products that will serve the nation, irrespective of the proposed strike by the Nigerian Labour Congress (NLC). The Corporation gave the assurance in a statement by its spokesman, Mr. Ndu Ughamadu in Abuja on Sunday. “The...

  *Buhari, Atiku, Moghalu, Ize-Iyamu, others make list A group of online opinion pollsters-Truly Independent Diaspora Electoral Officers (TIDEO), has revealed that eight presidential aspirants will come tops in the February 2019 poll. In its release dated November 1, which was obtained by our correspondent, the TIDEO came short of...