archive2018

  The bears continued to dominate trading activities on the Nigerian Stock Exchange (NSE) as the marker All-Share Index (ASI) dipped further by 0.28 per cent, to 37,499.07 points, amidst continued selloffs on Wednesday. Accordingly, the Month-to-Date and Year-to-Date losses increased to 2.04 per cent and 1.95 per cent, respectively....

  The Debt Management Office (DMO) on Wednesday refuted a report published by a national daily that the country had no debt management strategy. The Director-General of DMO, Ms. Patience Oniha, in a statement issued by the Office, disclosed that Nigeria has a subsisting debt management strategy. “Contrary to the...

  The Federal Executive Council on Wednesday awarded a N206bn contract for the construction of link roads to the Second Niger Bridge. In a tweet from the Presidency, it was revealed that the contract was awarded to Julius Berger and it is expected to be completed in 42 months. The...

  The Director-General of the Department of State Service (DSS), Alhaji Lawal Daura, has identified insecurity as a major threat to the 2019 general elections. Daura made this submission at a presentation he made before the Senate Ad-hoc Committee on the Review of the Current Security Infrastructure in Nigeria headed...

  Chairman of the Federal Inland Revenue Services (FIRS), Babatunde Fowler, has declared that there is no case of multiple taxation in the country, contrary to the widely held notion. The FIRS boss who stated this while briefing State House Correspondents after a session with the Federal Executive Council (FEC),...

  Senate on Wednesday urged the Federal Road Safety Corps (FRSC), the Nigerian Police Force and all other relevant security agencies to collaborate with Lagos State and other states in investigating culpability in the Otedola Bridge tanker explosion and ensuring that truck drivers comply with traffic rules and regulations. The...

  The West African Examinations Council (WAEC), said on Wednesday that only 49.98 per cent of the candidates, who wrote its 2018 school certificate examination, obtained credit passes and above. The council’s Head of National Office (HNO), Olu Adenipekun, said the credit passes included English Language and Mathematics. Mr Adenipekun...

  Toyota Nigeria Limited (TNL) has predicted five per cent growth in Nigeria’s automobile industry in 2018. The Managing Director, Toyota Nigeria Limited, Mr Kunle Ade-Ojo, disclosed this while addressing journalists in Lagos, and added that about 7,000 new vehicles were sold in the first nine months of the year,...

As part of efforts at further cementing his goodwill amongst the people of Osun State, Alhaji (Engr) Fatai Akinbade, a leading contender in the governorship race of Osun State on the platform of the Peoples Democratic Party, will resume his tour of local governments in the state with visit to...

BudgIT decries the masking and insertion of several opaque items with little or no bearing on the economy by the National Assembly. The organisation said this on Tuesday in a press statement it issued on Tuesday and signed by Abiola Afolabi, Communications Lead BudgIT. According to the statement, “recent analysis...