archiveMay 2019

The Federal Executive Council (FEC) has approved the financing of the Gurara Hydro Power Project II by the Forum on China-Africa Cooperation (FOCAC) to the tune of one billion dollars. The Minister of Water Resources, Alhaji Suleiman Adamu, disclosed this when he briefed State House correspondents at the end of...

The House of Representatives ad hoc committee set up by the House to investigate the alleged non-remittance of stamp duty deductions has threatened to issue a bench warrant against the Minister of Justice and Attorney-General of the Federation, Mr Abubakar Malami; Accountant-General of the Federation, Mr Ahmed Idris and managing...

The Nigerian equities market on Wednesday dropped further by 0.48 per cent on a sustained bearish run for the third consecutive trading session. The All-Share Index (ASI) fell by 136.68 points or 0.48 per cent to 28,286.08, compared with the 28,422.76 achieved on Tuesday. Similarly, the market capitalisation shed N51...

A former vice president, Alhaji Atiku Abubakar, has described the Federal Government’s accusation that he is a saboteur as false. He described the information minister, Alhaji Lai Mohammed, as a ‘liar.’ Abubakar was reacting to an earlier statement by Mohammed that the former vice president and his party, PDP, were...

  … ATC Nigeria builds fully equipped centres for digital learning   In actualisation of its mandate to build and up-skill the capacity of young people in Lagos State to be globally competitive in digital competences, the Lagos State Employment Trust Fund (LSETF) through its technology-driven programme, ‘Lagos Innovates’, has...

Nigeria’s information minister, Alhaji Lai Mohammed, on Wednesday attacked the main opposition Peoples Democratic Party (PDP), and its presidential candidate, Alhaji Atiku Abubakar, claiming  that the ‘dead-end opposition’ being played by Abubakar and the PDP “could be toxic for the nation’s democracy, if left unchecked.” “Never in the history of...

  The Islamic Sharia police in northern Nigeria’s Kano State briefly detained 80 people accused of eating in public, rather than fasting from dawn to sunset as Muslims are required to do during their holy month of Ramadan. The Sharia police, known as Hisbah, say the people were arrested at...

  The Kano State Government has reacted to the reported declaration by a Kano State High Court, voiding the appointment of new emirs by the State Governor, Abdullahi Ganduje. It was in the news that a Kano State High Court declared the appointment and the installation of four new emirs...

MTN Nigeria Plc will list its shares, by way of Introduction, on the floor of the Nigerian Stock Exchange (NSE) on Wednesday. According to information in the market, about 20.35 billion shares will be listed. This, on estimate, implies a conversion ratio of 50 new ordinary shares for each of...

  The installation of four new emirs by Governor Abdullahi Ganduje of Kano has been declared null and void by a Kano state high court sitting in Ungogo. The presiding judge, Nasiru Saminu, on Wednesday ordered a return to status quo pending the hearing of the suit against the appointment...