archiveMarch 2019

The Nigerian equities market began the week on a negative note as the benchmark index declined slightly, by 0.06 per cent, to 31,125.39 points, driven by selloffs across small-cap Financial services stocks. Thus, the Month-to-Date and the Year-to-Date returns decreased to -2.50 per cent and -0.97 per cent respectively. On...

Acting Chief Justice of Nigeria, Justice Tanko Muhammad, has reacted to a petition seeking his removal on the claims that it was illegal because the Nigeria Judicial Council (NJC) was not consulted by President Muhammadu Buhari before making the appointment. He said that the petitioner was wrong because Buhari had...

A senior advocate of Nigeria (SAN), Femi Falana has reminded the Independent National Electoral Commission (INEC) that it has wide powers to de-register political parties that failed to scale some minimum electoral tests. Falana in a statement on Sunday, Falana said the application of the rules will see the number...

The United States Department of State has released what it called evidence of impunity in the President Muhammadu Buhari-led Nigerian government. The State Department’s Bureau of Democracy, Human Rights and Labour, in its Country Reports on Human Rights Practices for 2018, said that Nigeria under Buhari, had made little progress...

Imo State chapter of the Peoples Democratic Party (PDP) has accused the outgoing governor of the state, Rochas Okorocha, of emptying the State’s treasury. The PDP alleged that Okorocha has withdrawn N17 billion for his personal use in a space of three days. This allegation was made by the Chairman...

The Nigerian National Petroleum Corporation (NNPC) on Sunday released its December 2018 financial and operations report, which shows that it recorded a trading surplus of ₦12.13 billion; a development it said is attributable to the success recorded by its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC) in the period...

  Barely three days after the Lagos incidence, a two-storey building collapsed in Ibadan, the Oyo State capital. The yet-to-be-completed building crashed down on Friday evening leaving several construction workers trapped in the rubble. An eyewitness said that the incident occurred at about 6 p.m at Sogoye, around the popular...

Panel to take stock of efforts, make preparations for administration’s second term Following President Muhammadu Buhari recently approval of the establishment of the Policies, Programmes and Projects Audit Committee, Vice President Yemi Osinbajo on Friday, in Abuja, inaugurate the committee. Speaking at the inauguration, Osinbajo said the essence of the...

Access Bank Plc on Friday declared a profit after tax of N95 billion for the financial year ended December 31, 2018. The News Agency of Nigeria (NAN) reports that the profit after tax grew by 58 per cent compared with N60.07 billion recorded in the corresponding period of 2017. The...

Lionel Messi will lead his Barcelona teammates to Old Trafford to face Manchester United in the Champions League quarterfinals. Man United was drawn Friday to face the five-time champions, who beat the English club in the 2009 and 2011 finals. Messi scored in each of those matches. Still, United beat...