archiveJanuary 9, 2019

  His wealth dips by $2bn, Adenuga‘s up by $3.9bn President, Dangote Group, Alhaji Aliko Dangote retained his Africa’s richest man position for the eighth consecutive time though his wealth dipped by $2 billion from $12.2 billion in January 2018 to $10 billion this year, Forbes’ Africa Billionaires List released...

  Losses in the Nigerian equities market persisted for the sixth consecutive session on Wednesday as the market All-Share Index (ASI) fell 2.33 per cent-- largest decline since October 24, 2018 -- to 29,336.80 points, following a DANGCEM-led selloff. Consequently, the Month-to-Date loss increased to 6.66 per cent. Significant losses...

  * Fake news damages public information, causing fear and alarm “One of the great worries should be, for us, what harm is done to public information.  I think that a time may come, if nothing is done, when nothing would be believed or nothing would be believable because as...

The Federal Executive Council (FEC) has approved the establishment of four new private universities in Nigeria. The Minister of Education, Prof. Adamu Adamu, who announced the approvals while briefing State House correspondents at the end of the first meeting of the council this year, said the new universities are Greenfield...

Nigeria’s real Gross Domestic Product (GDP) growth will expand by 2.2 per cent in 2019, the World Bank has said in its annual Global Economic Prospects published on Wednesday, slightly upgrading the country’s projected growth rate from 2.1 per cent in June 2018. According to the World Bank, growth in...

  Ambassador of Switzerland to Nigeria, Mr. George Steiner on Wednesday in Abuja said Lagos State with its huge market size provides a very good attraction for foreign investments. The envoy made the declaration during a strategic visit to his office at the Swiss Embassy in Abuja by Mr. Babajide...

  President Muhammadu Buhari has inaugurated a technical committee that will work on the details and implementation of a new national minimum wage for Nigerian workers. The committee inaugurated on Wednesday at the Council Chamber of the State House Presidential Villa shortly before the commencement of the meeting of the...

    By Daniel Alabrah On November 14, 2018, the Saturday Sun led its front page with the bold headline: "The Atiku Dilemma," with two accompanying riders: 1. We want to prosecute him for graft but no evidence to nail him, says Itse Sagay; and Ex-VP now vindicated - PDP....

  Singers, Adekunle Gold and Simi are reportedly set to wed three weeks after their secret wedding introduction in Lagos. The love birds had their ‘secret wedding introduction’ recently. The gist which is currently trending on various social media platforms on Wednesday has it that the event will kick-off with...

  The Central Bank of Nigeria (CBN) says it plans to raise treasury bills worth N823.43 billion in the first quarter of 2019. The CBN disclosed this in its 2019 Nigerian Treasury Bills Issue programme for the first quarter of the year which was posted on its website. The apex...