archive2018

The Federal Government has pleaded with the Academic Staff Union of Universities (ASUU) to make a sacrifice and suspend its ongoing industrial action so that students won’t be used for political thuggery. The Permanent Secretary, Federal Ministry of Labour and Employment, Mrs Ibukun Odusote, who has been at the centre...

  The Senate on Wednesday confirmed the appointment of Mr. Olanipekun Olukoyede, as the Secretary of the Economic and Financial Crimes Commission (EFCC). His confirmation followed the submission of the report of the Committee on Anti-Corruption and Financial Crimes by Senator Chukwuka Utazi. After the of the report, the Senate ...

  Shareholders of Guinness Nigeria Plc. has approved a dividend payout of 184 kobo per share totalling N4.03 billion at the company’s 68th Annual General Meeting  held recently in Abuja. The 2018 financial year showed impressive growth as it recorded a 31 per cent improvement in operating profit from N10.2...

The Senate on Wednesday resolved to investigate Kogi State government on the allegation of borrowed $500 million (180 billion) from the United Arab Emirates without the required constitutional authorisation from the upper chamber. It, therefore, mandated its committee on Local and Foreign Debts to probe the allegation and establish the...

  Presidential candidate of the Allied Congress Party of Nigeria (ACPN), Dr. Oby Ezekwesili, on Tuesday in Port Harcourt attacked Minister of information, Lai Mohammed and the National Broadcasting Commission (NBC) over plans to sanction stations in 2019. Ezekwesili speaking at a keynote address on the theme, “Broadcasting and the...

  The Central Bank of Nigeria (CBN) on Tuesday intervened in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window. The CBN also made interventions of $55 million each in the Small and Medium Enterprises (SMEs) and Invisibles segments to...

The Minister of State for Petroleum Resources, Mr Ibe Kachikwu, has said there were strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019. Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by...

Another meeting between the federal government and Academic Staff Union of Universities (ASUU) ended on Monday night without an agreement. The meeting which started at about 5 p.m. at the Federal Ministry of Education was to find a lasting solution to the ongoing strike by the university lecturers. The union...

The Nigerian equities market started the week bearish, with the benchmark index dropping 0.46  per cent to 31,533.50 points, following broad selloffs across Banking sector stocks. Accordingly, the Month-to-Date and Year-to-Date losses increased to 2.73 per cent and 17.42 per cen, respectively. Among sectoral indices, the Banking (-0.91%) index recorded...

A 14–year old Odjegba Divine Omesiri emerged the overall winner  of this year’s edition of the UBA Foundation’s National Essay Competition, carting away a brand new laptop as well as an educational grant worth N2 million to study in any African university of her choice. Odjegba, a student of the...