archiveMay 2019

  President Muhammadu Buhari has said that his decision to retain cabinet Ministers in the last three and half years in spite of pressures from some quarters is because of their unique skill, strength and leadership qualities. The president made this known during a valedictory session of the Federal Executive...

The Debt Management Office (DMO) has said that investors in the Federal Government bond once again showed strong preference for the 30-year bond that was introduced in April,. This was disclosed in a statement the DMO issued on Wednesday in Abuja, after the May bond auction where it offered three...

President Muhammadu Buhari on Wednesday presided over the valedictory meeting of the Federal Executive Council (FEC). All the ministers serving in the current administration were present in the meeting that started around 11:03am with the rendition of the National anthem. The President arrived the Council chamber of the State House,...

  The Presidential Election Tribunal resumed sitting in Abuja on Wednesday for hearing on the application filed by the Peoples Democratic Party (PDP) and its Presidential Candidate for the February general elections, Alhaji Atiku Abubakar. They had dragged the All Progressives Congress (APC), Independent National Electoral Commission (INEC) and the...

  The Depot and Petroleum Marketers Association of Nigeria (DAPMAN) says the rise in landing cost of petroleum products has renewed calls for full deregulation. The group therefore, called for deregulation of the downstream sub-sector of the nation’s oil and gas industry. Its Executive Secretary, Mr Olufemi Adewole, told the...

The Department of Petroleum Resources (DPR )has said that the Federal Government had no plan to increase the pump price of petrol. The Operations Controller of the Department of Petroleum Resources (DPR), Warri Zonal Office, Mr. Antai Asuquo said this on Tuesday on a sideline during the celebration of the...

  The nation’s leading chamber of commerce, the Lagos Chamber of Commerce and Industry (LCCI) has promised to strengthen Nigeria’s bilateral economic relations with Russia though technology-driven opportunities. LCCI’s Director-General, Mr Muda Yusuf, who said this in a statement on Wednesday in Lagos, noted that technology offered series of spaces...

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...