archiveDecember 3, 2018

  The Nigerian equities market got off to a red start in December as the ASI posted a negative return of 0.24 per cent to close at 30,798.76 points, following sell-offs across major counters. Among sectoral indices, the Insurance (-4.51%) index posted the heaviest loss amidst sell-off in CONTINSURE (-10.00%)....

Governor Ibikunle Amosun of Ogun State says he will remain in the All Progressives Congress (APC) to contest the senatorial election in 2019 while ensuring the re-election of President Muhammadu Buhari. He, however, said aggrieved party members who defected to the Allied People’s Movement have his blessings. Amosun spoke on...

The Securities and Exchange Commission (SEC) officially launched the Green Bonds issuance rules at a ceremony on Monday. Speaking at the launch of the rules, Acting Director-General, SEC, Ms Mary Uduk, stated that “As Nigeria strives to harness the resources of non-oil sectors to anchor the transition to a more...

The Board of Directors of the African Development Bank Group has approved a US$150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP). The financing will support rural electrification efforts in Nigeria by facilitating private sector development and rollout of off-grid solutions, as...

The Senate Committee on Works has commenced investigation into the N23 billion failed Ibadan-Ilorin road project. The Chairman of the committee, Sen. Kabiru Gaya, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. Gaya said the committee got to know of the...

The Nigerian Military has said that it is yet to receive the one billion dollars security funds approved by President Mohammadu Buhari. Buhari had in April approved the release of the said amount from the Excess Crude Account (ECA) to be disbursed to the Nigerian Army for purchase of equipment...

Absence of Justice Chukwujekwu Aneke on Monday stalled hearing of a suit by MTN Nigeria against the Attorney-General of the Federation (AGF) challenging the legality of N242 billion and 1.3 billion dollars import duties and withholding tax assessment. Hearing of pending applications in the suit could not hold on Monday...

  Vice President Yemi Osinbajo, SAN, has said that traditional rulers play vital roles in ensuring peace and security in the country, and must continue to do so for the continued stability in the polity. Prof. Osinbajo stated this on Sunday when he paid a courtesy call at the palace...

An FCT High Court, Apo on Monday, granted the  Economic and Financial Crimes Commission (EFCC) leave to arraign former petroleum Minister, Diezani Alison-Madueke, and a former Chairman of Atlantic Energy Drilling company, Olajide Omokore, on Feb. 25. Alison-Madueke and Omokore, are to be arraigned on five counts bordering on conspiracy...

  The Africa Electoral Integrity Initiative (AE2i), a Non-Governmental Organisation (NGO) has called for stiffer sanctions and diligent prosecution of those involved in vote buying and selling in the build-up to the 2019 general elections. The Convener and Regional Director of AE2i, Dr Daniel Omofoman, made the call in an...