archiveJanuary 21, 2019

President Muhammadu Buhari has ordered the Minister of Labour and Employment, Chris Ngige, to end the three-month-old strike by Nigerian university teachers at the ongoing meeting with the teachers. Ngige disclosed this in a statement issued during the resumed negotiation with the leadership of the Academic Staff Union of Universities...

The statement purportedly attributed to former president Olusegun Obasanjo regarding Vice President Yemi Osinbajo, SAN, and the Federal Government's TraderMoni microcredit scheme if, indeed true and accurate, is most unfortunate, according to the Senior Special Assistant to the President on Media & Publicity, Mr. Laolu Akande. While responding to media...

The Nigerian Bar Association (NBA) has asked the Federal Government to discontinue the trial of the Chief Justice of Nigeria (CJN), Justice Walter Onnoghen before the Code of Conduct Tribunal (CCT). NBA President, Paul Usoro (SAN) in a statement on Monday claimed that it was now obvious that the actual...

The wife of the All Progressives Congress (APC) governorship candidate in Lagos State, Dr. Ibijoke Sanwo-Olu, has said retired medical practitioners would be engaged to achieve efficient healthcare delivery in the state, if her husband is elected. Sanwo-Olu, who is a medical practitioner, said improved healthcare would be a major...

eTranzact International PLC, Africa’s premier electronic payment solutions provider has gotten the express approval of shareholders of the company to raise its Authorized Share Capital from N2.1 billion  to N9.1 billion. The capital raise proposal of N7 billion was tabled by the Mr. Wole Abegunde, Chairman of eTranzact, at an...

Bears halted seven-day gaining streak on The Nigerian  Stock Exchange on Monday as the market All-Share Index (NSE ASI) depreciated by 0.88 percent to close at 30,732.72 points, compared with the appreciation of 1.38 percent recorded last Friday. The depreciation recorded in the share prices of Etranzact , Dangote Cement,...

New indices focused on value banking stocks and high dividend-paying stocks Built on years of index calculation, governance and management prowess of the Exchange and Afrinvest’s rigorous capital market research expertise The Nigerian Stock Exchange and Afrinvest Securities Limited a leading capital market research and securities execution platform have launched...

The Nigerian Communications Commission (NCC) has said that internet users in Nigeria increased marginally to more than 111.6 million in December 2018. The NCC’s Monthly Internet Subscribers Data for December posted on its website showed that overall internet users increased to 111,632,516 in December 2018 from the 108,457,051 recorded in...

The International Monetary Fund (IMF) has reduced the projection for Nigeria’s Gross Domestic Product (GDP) for 2019 to two per cent from its previous projection of 2.3 per cent. The fund stated this in its World Economic Outlook (WEO) update titled, “A Weakening Global Expansion,” released on Monday. The report...

The Federal Government of Nigerian (FGN) has sacked Abdullahi Baffa as the Executive Secretary of the Tertiary Education Trust Fund (TETFund) and has approved the reinstatement of Suleiman Bogoro, who was removed after been accused of fraud when he served as the head of the agency. The announcement is contained...