archiveJanuary 2019

The Federal Government has expressed optimism to double its target this year by moving Nigeria’s ranking to sub-100 in the 2020 World Bank Doing Business Report.It expressed more optimism following last year’s target that was surpassed, where the country moved up 24 places in the last two years, with sub-Sahara...

The Academic Staff Union of Universities (ASUU) has urged the Federal Government to show concrete evidence of commitment to agreements on meeting its demands on its ongoing strike.. Biodun Ogunyemi, ASUU President, said in an interview with News Agency of Nigeria (NAN) in Abuja on Monday that the union would...

Moody's Investors Service has predicted that Nigeria’s Gross Domestic Product (GDP) will grow by 2.3 per cent in 2019, slightly higher than an estimated 1.9 per cent in 2018. It stated this in a report titled: "Sovereigns -- Sub-Saharan Africa: 2019 outlook negative as fiscal, external challenges persist despite easing...

Nigeria Employers’ Consultative Association (NECA) has raised an alarm over the rising debt profile of the country, describing the position as worrisome. The Director General of NECA, Mr. Timothy Olawale, made the position of NECA known in Lagos on Monday when reacting to the release of third quarter report of...

    Electricity generation companies in the country have said that they ma ybe forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said on Monday in a press statement that the...

  The Nigerian equities market extended gains from last week as the benchmark index appreciated by 0.45 per cent to 29,964.79 points on Monday, following buying sentiment in DANGCEM shares. Accordingly, the Month-to-Date loss moderated to 4.66 per cent. Most sectoral indices – Consumer Goods (-0.07%), Banking (-0.08%), Oil &...

The Action Alliance (AA) on Monday reaffirmed its support for the Presidential Candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, in the forthcoming presidential election. Atiku will slug it out with President Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC) and other candidates at the poll....

  …To hit N200 per litre There are fresh indications that the Federal Government may have concluded plans to increase the pump price of Premium Motor Spirit (PMS), popularly called petrol, from N145 per litre to between N185 and N200 per litre shortly after the forthcoming general elections, Daily Sun...

  The Chief Executive Officer of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has disclosed that the capital market sentiment in first half of 2019 will be driven by uncertainty in global oil prices and the outcome of 2019 general election. He made the declaration on Monday in Lagos while...

The Independent National Electoral Commission (INEC) National Commissioner for North-Central, Mr Mohammed Haruna, has said that 22,643 candidates would contest 1,504 positions during the forthcoming general elections in the country. Haruna, who is in charge of Kwara, Kogi and Nasarawa states, made this known on Monday in Ilorin during an...