archive2018

  The Federal Government is working towards establishing a compulsory Health Insurance Scheme where government pays the premium for the poor, Vice President, Prof. Yemi Osinbajo, has disclosed. Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in a statement on Wednesday...

  The Nigerian equities market reversed gains from the previous session, as the ASI dipped by 0.25 per cent to 30,642.35 points following sell-offs across bellwether stocks. Against that backdrop, the Month-to-Date and Year-to-Date losses increased to 0.75 per cent and 19.88 per cent, respectively.   Heavy losses were evident...

  The United States has announced the designation of the Boko Haram terrorist group as an entity “of particular concern”. The U.S. Secretary of State Michael Pompeo in a statement, designated Boko Haram alongside the Islamic State of Iraq and Syria (ISIS), al-Qa’ida and al-Shabab. Pompeo also designated Saudi Arabia,...

As part of efforts at facilitating growth of intra-Africa trade and support the development of African businesses, African Export-Import Bank’s (Afrexim) on Tuesday in Cairo, Egypt signed financing facilities totalling US$600 million with Heirs Holdings Group, a pan-African proprietary investment holding company. Heirs Holdings, which has significant investments across Africa,...

  Peoples Democratic Party, PDP, Vice presidential candidate, Mr. Peter Obi, on Tuesday, lampooned the anti-corruption policy of the President Mohammadu Buhari-led federal government, saying the country has receded in attempt to frighten and muscle the opposition with anti-graft campaign. The Anambra state former governor told the federal government that...

  Nigerian Elections Debate Group (NEDG) and the Broadcasting Organisations of Nigeria (BON) have named only five political parties, to participate in 2019 vice presidential and presidential debates. According to a statement signed by the Executive Secretary of the NEDG, Eddi Emesiri, the parties are Allied Congress Party of Nigeria...

  The National Bureau of Statistics (NBS) has said the value of capital importation into Nigeria reduced to $2.855 billion in the third quarter of the year. The NBS disclosed this in its “Nigeria Capital Importation (Q3 2018)’’ report released on Tuesday in Abuja. According to the bureau, the figure...

  Media monitoring and evaluation agency, P+ Measurement Services has announced an extension of its media monitoring and evaluation partnership with global communications firm, Burness Communications for 2019. The extension will enable P+ to continue providing print, online, TV and radio monitoring and evaluation services to Burness in the Ghana...

  Naira on Tuesday depreciated to N306.90 against the Dollar at the interbank market rate monitored by the Central Bank of Nigeria (CBN). The Naira at the interbank market rate opened the week at N306.85 against the dollar. According to finance analysts, the naira continued to depreciate following the high...

BudgIT, a civic organisation, is calling for transparency and openness in the implementation of local government projects as lots of funds are allotted yearly for capital expenditure yet capital projects are left undone or uncompleted thereby giving room for critical gaps in infrastructural development in the country. The body in...