archiveApril 10, 2019

The Nigerian equities market halted its two-day bearish trend to close on a positive note on Wednesday as the benchmark index increased by 0.15 per cent to 29,193.42 points, driven by buying interest in bellwether stocks. Thus, the Month-to-Date and the Year-to-Date losses moderated to -5.95 per cent and -7.12...

  The German government has advised its Nigerian counterpart to restructure the Technical Vocational Education and Training (TVET) in the country’s education system in order to produce suitable graduates for the labour market. The German Federal Ministry For Economic Cooperation and Development (BMZ) gave the advice on Wednesday in Abuja...

  A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday from where Thisday source the story disclosed that Nigeria spent N731 billion to subsidise petrol consumption in the year under review. The report, which is a product of the staff of the...

The Federal Government has approved N1.3 billion to pay death benefits of 497 deceased workers in the federal civil service. Didi Walson-Jack, the Permanent Secretary, Service Welfare Office (SWO), Office of the Head of the Civil Service of the Federation (OHCSF) disclosed this in Abuja on Wednesday at the 2nd...

The Federal Government has inaugurated the technical committee for the review of the National Policy on Albinism. The Minister of Education, Malam Adamu Adamu, inaugurated the committee on Wednesday in Abuja. Adamu, who was represented by Mr Sonny Echono, the Permanent Secretary in the ministry, said the review of the...

House of Representatives on Wednesday approved N1.64 trillion as benchmark for loan to fund the 2019 budget of the federal government. It would be recalled that the Federal Government had proposed N1.86 trillion in the 2019-2021 Medium Term Expenditure Framework MTEF and Fiscal Strategy Paper for the fiscal year ending...

The Senate on Wednesday resolved to override President Muhammadu Buhari’s veto on two bills passed by the National Assembly. The upper chamber also agreed to reconsider and pass 15 other Bills rejected by President Buhari. The resolution to override the president’s veto on the bills and reconsider 15 others was...

The International Monetary Fund (IMF) has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. The Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, Mr. Tobias Adrian, said this on Wednesday during the launch of the Global...

  The National Pension Commission (PenCom), says it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan (MPP) within the next five years. The Head of Corporate Communications Department of the Commission, Mr. Peter Aghahowa disclosed this while briefing journalists on Wednesday at the ongoing Enugu...

The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at 25.27 billion US dollars as at 31st December, 2018. The NBS said this in “Nigerian Domestic and Foreign Debt data” for 2018 fourth quarter posted on its website. The bureau said further disaggregation of Nigeria’s foreign debt showed...