archiveMay 21, 2019

The Nigerian equities market sustained its bullish run for the third consecutive session as the benchmark index gained 2.88 per cent on Tuesday, the largest gain since Dec. 24 -- to 30, 218.14 points, driven by interest in MTNN and DANGCEM stocks. Thus, the Month-to-Date return grew to 3.63 per...

The Federal Government said it would provide over N10 million grant and mentorship programmes to some young Nigerian entrepreneurs to help kick start their businesses. The Secretary to the Government of the Federation (SGF), Boss Mustapha, said this at the National Youth Entrepreneurship Empowerment Summit (NYEES) on Tuesday in Abuja....

The Minister of Foreign Affairs, Geoffrey Onyeama, says the Federal Government has closed three of the nation’s foreign missions and downsized another due to insufficient funds. Onyeama said this on Tuesday in Abuja while speaking on activities of the ministry in the last three years. The Minister said that the...

  Socio-Economic Rights and Accountability Project (SERAP) has urged the leadership and management of the National Assembly to immediately withdraw the repressive media accreditation guidelines or face legal action. The National Assembly management had in a letter Monday issued the media accreditation guidelines for journalists from covering the National Assembly....

  The President of the Senate, Bukola Saraki, on Tuesday washed his hands off the draconian guidelines meant to shut out media organisations covering the National Assembly. National Assembly management had in a memo on Monday through its director, information, Agada Emmanuel, asked all newsmen covering the National Assembly to...

  Federal, state and local governments shared a total of N616.198 billion from the federation account for the month of April, 2019. The Acting Accountant General of the Federation and Director Funds in the Treasury, Mohammed K Usman, revealed this at the end of the monthly Federation Account Allocation Committee...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday left the Monetary Policy Rate (MPR) unchanged at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters...

The Federal Government on Tuesday said it has approved additional N25 billion payment for Earned Academic Allowances for members of the Academic Staff Union of Universities (ASUU). The money is said to a part payment contained in the Memorandum of Action the Union signed with the government. The government said...

The Federal Government of Nigeria (FGN) has engaged the US government over suspension of the drop box visa regime for Nigerians visiting America, the Minister of Foreign Affairs, Geoffrey Onyeama, has said. Onyeama however lamented most of the unpleasant migrant decisions taken by some countries were triggered by the negative...

  The House of Representatives has passed a bill prohibiting the use, manufacture and importation of plastic bags. The Committee of the Whole on Tuesday considered the 3-clause bill sponsored by Hon. Sergious Ogun and it is ready to be sent to the Senate for concurrence. The bill is for...