archive2018

  Data from the Central Bank of Nigeria (CBN) has revealed that the Federal Government received N3.532 trillion as Petroleum Profits Tax and Royalties from oil companies between the third quarter of 2015 to third quarter of 2017. Besides, oil producing states in Nigeria received N103.46 billion as 13% Derivation...

Spanish police have rescued 39 girls from a Nigerian organised crime ring who kept them in a cave-like house and forced them into prostitution in Spain. According to reports, they were freed in a joint operation involving the UK’s National Crime Agency and Nigeria’s National Agency for the Prohibition of...

DStv and GOtv subscribers will have front row seats to watch the Nigerian friendly matches in preparation for the 2018 FIFA World Cup in Russia which kicks off June 14. The Nigerian friendly matches are exclusive to SuperSport, the world of champions. Starting this Friday, the Nigeria versus Poland, friendly...

  Trading activities on the Nigerian Stock Exchange (NSE) closed on a negative note on Friday as investors recorded a loss of N59 billion. From the value of N15.040 trillion on Thursday the market capitalisation lost N59 billion or 0.39 percent to close at N14.981 trillion against on Friday. Also,...

The Senate on Thursday confirmed nominees to serve as Monetary Policy Committee (MPC), members of the Central Bank of Nigeria (CBN) which was sent to it by President Muhammadu Buhari in November last year. The development followed Senate’s resolution on 14th March, 2018 to screen the nominees after setting aside...

  Lagos State House of Assembly has said that the Public Hearing on a bill to review the state Land Use Charge Law, 2018, would hold next Tuesday. The hearing day was fixed following the Second Reading of the bill by the lawmakers on the floor of the House, on...

Says does not address Nigerians’ needs Bill Gates spoke the truth on Nigeria economy – Ben Bruce   American business magnate, Mr. Bill Gates, has said that the present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians...

  The Debt Management Office (DMO) on Thursday disclosed that its March auction was oversubscribed, just like the January and February auctions. Total subscription at the March auction was N142.81 billion, representing 204% of the amount offered. The DMO said the exercise was the third in the series of FGN...

  The bulls resurfaced in the domestic bourse on Thursday, halting a six-day losing streak on the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) inched higher by 0.33 per cent to 41,633.79 points, following demands across major sectors. Accordingly, the Year-to-Date gain increased (albeit marginally) to 8.87 per...

  The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday that the Nigerian National Petroleum Corporation (NNPC) failed to remit $16.8 billion paid reportedly to it as dividends by the Nigeria Liquefied Natural Gas (NLNG) Limited. The revelation was made at the “Anti Corruption Situation Room Forum – Engaging...