archiveApril 9, 2019

Vice President Yemi Osinbajo has expressed confidence in the ability of the new Board and Management of the Nigerian Deposit Insurance Corporatio (NDIC) led by Mrs Ronke Sokefun whom he described as an experienced lawyer and Umaru Ibrahim and experienced technocrat to steer the Corporation in the right direction. Osinbajo...

The Independent National Electoral Commission (INEC) has confirmed that governorship elections in Kogi and Bayelsa states will hold on November 2, 2019. Festus Okoye, National Commissioner and Chairman, Information and Voter Education Committee, made the announcement on Tuesday evening, following a meeting of the commission to finalise the schedule for...

The Central Bank of Nigeria (CBN) on Tuesday injected $210 million into the Inter-bank Foreign Exchange Market in continuation of its sustained intervention to boost liquidity in that segment of the market. The CBN said authorised dealers in the wholesale segment of the market were offered $100 million, while the...

The Joint Admission and Matriculation Board (JAMB) says there is no clash between its timetable and the West African Examination Council (WAEC) as being widely speculated and criticised. The JAMB Registrar, Prof. Is’haq Oloyede, said in Lagos on Tuesday that there was no basis for such speculation because the organisation...

The crucial market indicators of the Nigerian Stock Exchange (NSE) on Tuesday maintained negative slide, dropping by 0.01 per cent. Specifically, the All-Share Index dipped 3.67 points or 0.01 per cent to close at 29,158.57 compared with 29,162.24 achieved on Monday. Similarly, the market capitalisation, which opened at N10.953 trillion,...

  The Federal Government has approved N100 billion for the completion of Sections 1 to 4 of the East-West road project. The Minister of Nigeria’s Delta Affairs, Usani Uguru Usani, made the disclosure in Abuja at a meeting with the Host Communities of Nigeria Producing Oil and Gas (HOSTCOM), led...

Following the breakdown of negotiations with the Federal Government in their demand for better working conditions, workers of the Nigeria Atomic Energy Commission (NAEC) have declared an indefinite nationwide strike with effect from tomorrow Wednesday. Already, the workers under the aegis of the Senior Staff Association of Universities, Teaching Hospitals,...

The Peoples Democratic Party (PDP) has expressed concern over the rising debt profile of the present administration and has queried the All Progressives Congress (APC)-led Federal Government and the Buhari Presidency over alleged unwholesome borrowings resulting to the rise. The nation’s debt stock which was N12.12 trillion in 2015 has...

The Federal Government on Monday said that  a Value Added Tax (VAT) of five per cent would be imposed on lottery and gaming activities and automate collection from operators in the Lottery sector. The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler  said this at a stakeholders’...

  The Joint Admissions and Matriculation Board (JAMB) has said that any candidate who misses this year’s Unified Tertiary Matriculation Examination (UTME) for any reason would have to wait till next year to retake it. The board said it would not reschedule the 2019 UTME for any candidate. JAMB Head...