archiveJune 2019

  Two institutions, International Republican Institute, IRI, and National Democratic Institute, NDI, yesterday, called for urgent national conversation to harmonise recommendations of various committees on electoral reforms. This is even as Head of European Union Election Observer Team, Ambassador, Ketil Karlsen, yesterday, said the body contributed over 100 million euro...

The Nigerian Civil Aviation Authority (NCAA) says it will commence the demolition of telecommunication masts in different locations within the country, immediately. The NCAA, on Tuesday, said the demolition exercise would similarly affect some banks and financial institutions that had discountenanced its regulatory requirements on the clearance to erect any...

  Driving without a Driver’s licence – Impound vehicle. Driving of any vehicle by person under 18 – N30,000. Driving with fake number plates – N30,000, 3 years in prison. Driving with forged vehicle particulars – 6 months in prison. Driving with fake driver’s licence – 6 months in prison....

  Vice President Yemi Osinbajo says the problem of extreme poverty in Nigeria keeps him up at night. Osinbajo disclosed this at a dinner and Interactive Session with Faculty Members, Harvard Business School (HBS) on Tuesday in Lagos. The vice president featured alongside Srikant Datar, Professor of Business Administration (HBS),...

Electricity Distribution Companies (DisCos) in Nigeria have called for creation of enabling environment to ensure cost recovery and further drive investments in the nation’s power sector. The Chief Executive Officer, Association of Nigerian Electricity Distributors (ANED) umbrella body of  DisCos, Mr Azu Obiaya, made the call at a Performance Improvement...

  The bearish run on the Nigerian Stock Exchange (NSE) continued on Tuesday as the All-Share Index plunged by 0.39 per cent due to sell pressure even as investors on the bourse traded N11.23 billion worth of shares. A total of 2.91 billion shares valued at N11.23 billion were exchanged...

    The Federal Government has offered for subscription by auction N100 billion worth of bonds in its June 26 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N30 billion of a five year re-opening...

  Airtel Nigeria has officially filed an application with the Securities and Exchange Commission (SEC) for listing of its shares on the Nigerian Stock Exchange (NSE). A senior management source, who pleaded anonymity, confirmed the development to the News Agency of Nigeria (NAN) in Lagos on Tuesday. He noted that...

    The Vice President, Prof. Yemi Osinbajo says the Federal Government was discussing with stakeholders on ways to restructure Nigeria’s power sector with a view to improving supply and attracting more investment to the country. Osinbajo stated this in Abuja on Tuesday at a Breakfast Meeting of the Lagos...

    *GEEP aims to reach 10 million people by 2023 A key element of the Buhari administration’s Social Investment Programmes has won continental praise as African Bankers named the Government’s Enterprise and Empowerment Programme (GEEP) as Africa’s most impactful financial inclusion scheme. The Bank of Industry (BOI) which implements...