archive2018

Independent fibre optic infrastructure and telecommunications services provider - Phase3 Telecom has refuted allegations that it and Alheri Engineering limited owe Federal Government of Nigeria the sum of $75,500,000.00 million (about N27.18bn) over fibre optic agreement with Transmission Company of Nigeria (TCN). In a statement the company describes the claim...

  The University of Lagos (UNILAG) said it will begin its 50th convocation ceremonies for the 2016/2017 academic session on Feb. 19. The institution’s Vice-Chancellor, Prof. Oluwatoyin Ogundipe, disclosed this on the sidelines of the yearly interaction with newsmen on Tuesday in Lagos. He however said the four-day convocation activities...

  Justice Nnamdi Dimgba of the Federal High Court, sitting in Abuja, has ordered a temporary forfeiture of N6, 584, 785,000;   $222,000 and Aso Savings Limited shares valued at N2, 028, 800,000 believed to be have been acquired proceeds of the sale of Severance Insurance Premium by Power Holdings Company...

The Nigerian Economic Summit Group (NESG) will on Thursday, January 18, 2018, unveil its 2018 macroeconomic outlook report for Nigerian economy. The report, according to NESG, will highlight the need for Nigeria to set a sustainable path aimed at achieving broad-based and inclusive growth in 2018 and beyond. It will...

  The Special Adviser to President Muhammadu Buhari on Political Matters, Mr. Babafemi Ojudu, has urged herdsmen to embrace the modern, systematic and technological way of rearing cattle in the country. Ojudu gave the advice while briefing newsmen at the Murtala Muhammed International Airport (MMIA) on Wednesday in Lagos. He...

Presiding Bishop Living Faith Church Worldwide,David Oyedepo, has revealed that he received a letter from a coalition of Fulani herdsmen identified as, Fulani Nationality Movement saying there swould be no peace in Nigeria until cattle colonies are established in the states of the federation. In a video gone viral on...

The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, on Tuesday unveiled the four-year strategic plan shore up market liquidity at the 2017 Market Recap and 2018 Outlook presentation in Lagos. Onyema said that the exchange’s focus in the next four years would be geared...

Speaker of the House of Representatives, Mr Yakubu Dogara has expressed determination of the House to unravel the lingering fuel scarcity and the alleged re-introduction of fuel subsidy in the country. Dogara said this while welcoming members of the House of Representatives from the Christmas and New Year break. He...

The Debt Management Office (DMO) has indicated that a total of N1.2 trillion has been released by the Federal Government for capital projects in the 2017 Appropriation Act. The office noted that the release of such amount for the capital project was a strong demonstration of the commitment of the...

The Catholic Bishop Conference of Nigeria has asked the Federal Government to suggest better alternatives to the establishment of grazing colonies proposed by the presidency. In a press statement signed by the president of the CBCN, Ignatius Kaigama, on Tuesday, the conference said the government should rather encourage cattle owners...