archiveJanuary 2019

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...

The Chairman, Independent National Electoral Commission (INEC), Prof. Mahmoud Yakubu, said that the commission was not under pressure to do what was wrong. A former president, Chief Olusegun Obasanjo, had on Sunday, expressed doubt about INEC’s integrity to conduct free, fair and credible elections. Obasanjo had also attacked President Muhammadu...

The Academic Staff Union of Universities (ASUU) has said the strike would continue until the Federal Government of Nigerian made the payment of N50 billion as demanded by the union. Biodun Ogunyemi, the ASUU President, disclosed this while addressing journalists on Sunday. According to him, “We want them to pay...

Presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has listed 30 "corrupt" persons working with President Muhammadu Buhari. The list which was released on Sunday, by Phrank Shaibu, Atiku’s Special Assistant on Public Communications noted that while most are members of the party, others, he said,  ran...

Considering the grim socio-political and economic developments in recent times, experts are of the view that the country has reached a point where sincere policy review is needed to put it on the path of prosperity.But warning that if not urgently addressed, the country may face a bleak outcome, from...

Pan-Igbo cultural organisation, Ohanaeze Ndigbo, has reacted to former President Olusegun Obasanjo’s comments on the handling of issues concerning the forthcoming general elections, the Buhari’s administration. The body stated that the political manoeuvrings towards the 2019 presidential election were indications that vindicated Obasanjo’s statement. In a statement issued in Abakaliki,...