archive2018

  President Muhammadu Buhari has appointed a Senior Advocate of Nigeria and activist, Barrister Festus Keyamo as the spokesperson of his 2019 Campaign Organisation, according to the copy of a letter circulating on Tuesday. The appointment letter dated 16th of April 2018 was signed by former governor of Rivers State...

The International Monetary Fund (IMF) has projected that Nigeria’s inflation will remain in the double digits in 2018. In the April edition of its World Economic Outlook unveiled on Tuesday at the ongoing Spring meetings in Washington DC, the Bretton Wood institution said inflation rate will, however, moderate in both...

    Sterling Bank Plc on Tuesday reported a profit after tax of N8.5 billion for the financial year ended Dec. 31, 2017. The profit after tax was higher by 65 per cent when compared to N5.2 billion declared for the corresponding period of 2016. The bank also posted gross...

  Senate has summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, Minister of Finance, Kemi Adeosun and the Minister of Defence, Mansur Dan Ali to explain how and why the sum of $462m was released for the purchase of helicopters without the approval of the Nigerian Senate....

President Muhammadu Buhari said in London on Monday when speaking with the British Prime Minister, Theresa May, that though the country will be having elections in 2019, his primary concern was to tackle insecurity and also put the nation’s economy in a better position. President Buhari stated this when he...

The Nigeria Communications Commission (NCC) will not approve the sale of 9mobile to any bidder without technical competence, the Executive Vice-Chairman of the commission, Mr Umar Danbatta, said on Monday. Danbatta gave the assurance at an interactive session with journalists in Lagos. He said that a preferred bidder for 9mobile...

  Faults in the distribution network of eight distribution companies resulted in the death of 22 persons in three months, the latest report from the Nigerian Electricity Management Service Agency (NEMSA) shows. As stated in the report, distribution defects in the systems of Benin, Eko, Enugu, Ibadan, Jos, Kaduna, Kano,...

  The Peoples Democratic Party (PDP), on Monday called for an immediate inquest into the alleged violent clash between security forces and members of the Shiite movement, in the Federal Capital Territory (FCT), Abuja. The clash which was said to have rendered human and vehicular movement cumbersome, lasted for several...

  The former Minister of Education and social crusader, Dr Oby Ezekwesili, has traced the high level of corruption in the Nigeria to the discretionary allocation of oil blocks. She said this while speaking in Lagos on Monday at the Oil & Gas Trainers Association of Nigeria (OGTAN) National Educational...

  Trading transactions on the Nigerian Stock Exchange (NSE) started the week on a positive note, as the market All-Share Index (ASI) inched higher by 0.14 per cent to 40,987.77 points on Monday. Accordingly, the Month-to-Date and Year-to-Date returns improved to -1.25 per cent and 7.18 per cent respectively. Performance...