archive2018

  The Nigerian equities market on Tuesday halted two consecutive sessions of losses, with the market All-Share Index (ASI) appreciating by 0.10 per cent to close the day trading transactions at 40,802.78 points, following interests in value stocks. Accordingly, the Month-to-Date and Year-to-Date returns improved to -1.69 per cent and...

  The Investment and Securities Tribunal (IST) says it has resolved 30 per cent of capital market cases inherited in Sept. 2017. Malam Garba Kurfi, an IST member, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday. Kurfi said the tribunal on assumption...

  President Muhammadu Buhari on Tuesday described as vile and satanic, the killing of worshippers and two priests at a Catholic church in Ukpor-Mbalom community in Gwer East Local Government Area of Benue State. In a statement, the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina,...

  There was rowdy session in the House of Representatives on Tuesday over President Muhammadu Buhari’s letter requesting National Assembly’s approval of $496,374,470 for the purchase of Super Tucano Aircraft from the United States government. Speaker, Honourable Yakubu Dogara had after an executive session read the President’s letter entitled, “Supplementary...

A human rights advocacy group, Socio-Economic Rights and Accountability Project, has sued the Senate President, Bukola Saraki, and the 108 other senators, over their alleged monthly earnings of N13.5 million as running cost. In the suit, which it filed before the Federal High Court in Lagos, SERAP is seeking an...

The World Bank, through the FADAMA III Additional Financing (AFII) Programme, will soon disburse N8.6 billion to 5,916 youth across the country in the Graduate Unemployment Youths Support Scheme (FADAMA GUYS). Kwaji Daguru, the Chairman of FADAMA GUYS Implementation Committee, disclosed this in an interview with News Agency of Nigeria...

The Senate of the University of Ibadan has advised 408 students to withdraw from the institution after failing to meet the minimum academic requirements. The Senate of the school ratified the withdrawal of the students at its meeting where results of graduating and non-graduating students were considered and approved. Most...

    Minister of information and Culture, Alhaji Lai Mohammed, has said that President Muhammadu Buhari will win the Nigerian 2019 presidential election “easily.” The minister disclosed this in an interview with Bloomberg, a software and media company headquartered in Midtown Manhattan. According to him, “He (Buhari) is very strong...

    The Lagos State Government said on Tuesday that its Internally Generated Revenue (IGR) for the first quarter of 2018 stood at N103.476 billion, as against N96.7 billion recorded in the previous year, thereby accounting for 81 per cent of the total revenue of N141billion generated in the quarter....

  The African Development Bank (AfDB) has said that Africa loses about $50 billion annually to illicit financial flow in the continent. Mr Ebrima Faal, Director, AfDB, Nigerian office disclosed this at workshop on the Role of Parliament in Combating Illicit Financial Flows from Africa, on Tuesday in Abuja. “Estimates...