archive2018

  As this year Unified Tertiary Matriculation Examination (UTME) begins on Friday, March 9 to March 17, 2018, the Joint Admission Matriculation Board (JAMB) has reiterated its warning to candidates against bringing in 16 prohibited items into the examination halls. JAMB Registrar, Prof. Ishaq Oloyede, said the items were prohibited...

  The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has stated that Nigeria has forever lost the United States as a major market of crude export. Following a surge in the production of shale oil, America’s import of oil from Nigeria dropped to zero in June 2015 from...

Governor Akinwunmi Ambode of Lagos State said on Tuesday that the state would, by 2025, be Africa’s model megacity, a global, economic and financial hub that is safe, secure, functional and productive. He also disclosed that almost half of the Lagos state’s Internally Generated Revenue (IGR) is used for the...

  Justice Lawal Mani, the presiding Judge at the Kaduna division of National Industrial Court of Nigeria, NICN, is dead. Justice Mani who was hearing the suit challenging Governor Nasir El-Rufai’s sack of 21,780 teachers died at the age of 63 and was buried on Sunday, a source told Daily...

The National Pension Commission (PenCom) has approved N8.26 billion as death benefits to beneficiaries of 2,391 deceased employees during the third quarter of 2017. PenCom in its 2017 third quarter report posted on its website indicated that the approval in the quarter moved the cumulative death benefits payments to a...

    …Mines data from Federal & State Agencies, Foreign Countries through Project Lighthouse   The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax underpayments. The Honourable...

  The Citizens Advocacy for Social and Economic Rights (CASER), a Civil Society Organisation (CSO) has called on the State Security Service (SSS) to release Mr. Tony Ezimakor, a journalist in its custody. The CSO made the call in a statement signed by the Executive Director of CASER, Mr. Frank...

A corporate bribery trial billed as the biggest in history opened on Monday against the Shell and Eni oil companies as well as former and current executives, all charged in a $1.1 billion scandal to win control of one of Nigeria's most lucrative oil blocks. The size of the two...

  Equities transactions on The Nigerian Stock Exchange (NSE) started the week on a positive note, with the All-Share Index (ASI) increasing by 1.49 per cent to 43,513.93 points, as investors continued to take position ahead of corporate earnings releases. Accordingly, the Month-to-Date and Year-to-Date returns improved to 0.42 per...

United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution have signed a letter of intent for $100 million seven-year to finance the development of Small and Medium Enterprises (SMEs) in Africa. The $100 million loan will enhance UBA’s...