archiveMarch 27, 2019

The Nigerian equities market sustained its bearish run for the third consecutive session on Wednesday as the benchmark index declined by 0.67 per cent -- largest decline since March 12th -- to 30,829.45 points, driven by sell-offs across Tier I banking stocks. Thus, the Month-to-Date and the Year-to-Date returns decreased...

  Amid controversies over Nigeria’s inability to take a firm decision on the signing of the African Continental Free Trade Agreement (AfCFTA),  a year after majority of the 55 countries of the continent had endorsed the agreement, Professor Benedict Oramah, President of African Export-Import Bank has urged the Nigerian government...

The Federal Account Allocation Committee (FAAC) on Wednesday disclosed that the three arms of government shared N619.857 as March revenue from funds generated in February. Speaking at the event, the Account-General of the Federation, Mr Idris Ahmed, who was represented by the Director of Funds, Mohammed Usman disclosed that the...

The FGN Bond Auction for March 2019 conducted by the Debt Management Office (DMO) on Wednesday, March 27, 2019, at which N100 billion Bonds were offered, was oversubscribed just as in the Auctions for January and February 2019. A statement from the DMO said it “offered three instruments at the...

The Federal Government on Wednesday approved N1.3 billion contracts to strengthen and reposition its media outfits for effective information dissemination. The media organisations to benefit from the projects include the News Agency of Nigeria (NAN), Nigeria Television Authority and Federal Radio Corporation of Nigeria (FRCN). The Minister of Information and...

  The Ethiopian government on Wednesday revealed that over 16,000 of its citizens die due to HIV/AIDS every year. The new study, which was released by the Ethiopian Public Health Institute, reviewed the status of HIV/ADIS in the country. It revealed that there were some 16,000 new cases of HIV/AIDS...

The Federal Executive Council (FEC) meeting on Wednesday approved N1.4 billion for the design of 12-floor building design for the Department of Petroleum Resources (DPR). This was disclosed by the Minister of State for Petroleum Resources, Ibe Kachikwu briefed State House correspondents at the end of FEC meeting chaired by...

The Independent National Electoral Commission (INEC) has announced the schedule of activities for the resumption of elections in Rivers State. The governorship and state house of assembly electoral process was suspended on March 10, 2019. A fact-finding committee was also sent to the state, which came up with recommendations. A...

    By Dr Ademola Adegoke   The pen is ordinarily a sword of justice;a tool for pounding oppressors and elevating heroes of democracy and rule of law. Unfortunately, in the hands of sworn peddlers of democratic discord and anti-people propagandists, it has now become a weapon to sustain election...

The Ademola Adeleke Campaign Organisation  (AACO) in Abuja on Wednesday told the embattled governor of Osun State, Gboyega Oyetola and his band of usurpers that the handful of paid demonstrators rallying against the Appeal Court judgement which sacked him cannot sustain a stolen mandate. The organisation was reacting to over...