archiveMay 2019

Comfort Melaye, the mother of the lawmaker representing Kogi West senatorial district, Senator Dino Melaye, is dead. The lawmaker announced the death of his mother on Twitter on Thursday night. Melaye did not, however, give details of the death. He wrote, “With total submission to the will of the Almighty...

  Nigerian state oil company NNPC said that 132 companies had bid for the right to swap the nation’s crude oil for fuels as a tender for the deals closed on Thursday. The tender for the one-year contracts, dubbed direct sale, direct-purchase (DSDP), was issued in March. NNPC extended the...

The Federal Executive Council (FEC) Thursday approved N9.2 billion for the construction of seven model schools and supply of antiretroviral drugs to persons living with HIV/AIDS across Nigeria. The meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja, started at about by 4:30 p.m. and ended...

Former President Goodluck Jonathan arrived South Africa Thursday to lead an observer mission to monitor the country’s general election scheduled for May 8. In a series of tweets, Jonathan said he would be heading the election observer mission of the Electoral Institute for Sustainable Democracy in Africa (EISA). The former...

  The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammad Barkindo, has said the group does not politicise crude oil. This development is coming as OPEC and other oil-producing countries led by Russia will on May 19 review their agreement to cut down on oil output...

  ... As states’ IGR hits N324.59bn in Q4,2018   Minister of Labour and Employment, Dr. Chris Ngige, has said that Nigeria’s unemployment rate may hit 33.5 per cent by 2020. The minister made the revelation while declaring open a two-day workshop on “Breaking the Resilience of High Unemployment Rate...

  The Economic and Financial Crimes Commission (EFCC), Thursday said it arrested 37 suspected internet fraudsters in Owerri, the Imo State capital. The arrest followed a raid on some targeted residences in Okwu Urata, Aladinma and Egbu areas. The Commission’s action followed intelligence report which pointed that the suspects were...

  The People’s Democratic Party (PDP) has called on President Muhammadu Buhari to end his “private visit” abroad and immediately return home to face the deteriorated security situation in the country. The party said it is completely unacceptable for President Buhari to practically abandon his responsibilities, as the Commander-In-Chief to...

  The Presidential Enabling Business Environment Council (PEBEC) completed on Monday, April 29th, 2019, the fourth National Action Plan (NAP 4.0) which began on March 1st, 2019. According to Dr. Jumoke Oduwole, PEBEC Secretary and Senior Special Assistant  on Industry, Trade & Investment to the President, Office of the Vice...

  The Nigerian equities market halted its 3-day bearish run to close on a positive note on Thursday as the benchmark index increased by a marginal 0.04 per cent to 29,171.73 points, driven by gains in bellwether Consumer Goods stocks. Thus, the Month-to-Date and the Year-to-Date losses moderated to -1.91...