archiveJune 2019

For the third day running, activities on the nation’s bourse continued on a bearish mood on Wednesday, with the All Share Index dropping further by 0.15 per cent. Specifically, the index which opened trading at 29,818.80 shed 46.08 points or 0.15 per cent to close at 29,772.72 due to price...

Mr Femi Otedola on Wednesday announced his exit from Forte Oil Plc with divestment of 75 per cent stake in the company. Specifically, a total of 970.17 million shares of Forte Oil, worth N64.38 billion on the floors of the Nigerian Stock Exchange (NSE) was divested on Wednesday in an...

  A Federal High Court in Lagos on Wednesday adjourned until Sept. 30, for continuation of trial in a debt recovery suit by the Federal Government against Shell Western Supply & Trading Ltd. In the suit numbered FHC/L/CS/336/16 and filed by its counsel, Prof. Fabian Ajogwu (SAN), the government seeks...

Human right lawyer, Femi Falana, has said that states controlled by the All Progressives Congress (APC) are insincere in their fight against corruption. He stressed that other than Kano State, other APC controlled states were insincere in their anti-corruption fight, hence the inability to constitute a formal structure to fight...

  Ogun State governor Dapo Abiodun has said that the state will leverage on its proximity to Lagos State to deepen investments in the state. “Ogun today is like New Jersey to New York,” Abiodun said after he and other All Progressives Congress (APC) governors met with President Muhammadu Buhari...

  The Tax Appeal Tribunal, sitting in Abuja on Wednesday, reversed N29.2 million Federal Inland Revenue Service imposed as value added tax on Infinity Trust Mortgage Bank. The bank had challenged FIRS’s imposition of the amount. The tribunal chairman, Mrs Alice Iriogbe, delivering judgment, held that FIRS failed to prove...

  Some operators in the building and construction industry on Wednesday called for adequate regulatory framework in the cement manufacturing industry to control operations of the industry. They told the News Agency of Nigeria (NAN) in Lagos that there was need for the Federal Government to bargain either through policy...

The corpse of Miss Christabell Omoremime Buoro, aged 21, a 300-level student of the Department of Medical Laboratory Science, University of Benin (UNIBEN), was on Tuesday evening discovered in her hostel flat at Plot 4 Uwaifo lane, Newton Street, Ekosodin area, behind the university fence. A source in the compound...

  Catholic Archbishop of Kaduna Diocese, Mathew Ndago-Manoso, has claimed that the terrorist Boko Haram group was in total control of some communities in Borno State, North East Nigeria. The bishop spoke during the annual general meeting of the Nigeria Catholic Diocese Priests’ Association in Kaduna State on Tuesday. According...

  The Oyo State Police Command on Wednesday said the vehicle which was used to kidnap the son of the immediate past Minister of Health, Prof.Isaac Adewole, has been recovered. Some unknown gunmen on Tuesday evening abducted the ex-minister’s son at his farm located at Iroko, a suburb of Ibadan,...