archiveJune 2019

Contrary to claims reported in sections of the media, the establishment of Ruga settlements is not being supervised by the Office of the Vice President. The Ruga initiative is different from the National Livestock Transformation Plan approved by State governors under the auspices of the National Economic Council (NEC) chaired...

Mr Chris Isiguzo, the President of the Nigeria Union of Journalists (NUJ), has called on the Federal Government to urgently tackle the challenge of insecurity across the nation. He made the call during the National Executive Council Meeting of NUJ in Umuahia, the Abia capital, on Friday. Isiguzo said that...

President Muhammadu Buhari has given reasons again why Nigeria will not be rushed into the African Continental Free Trade Area (AfCFTA) treaty. The AfCFTA treaty is one of the flagship initiatives of the African Union Agenda 2063, aimed at creating a single continental market for goods and services, with free...

  The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) ,Umaru Ibrahim, has appealed to the 9thSenate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended) currently before the National Assembly. The NDIC boss made the plea when the...

The Organised Business Sector under the Nigeria Employers Consultative Association (NECA), on Friday, said that except the Federal Government stopped subsidising fuel, its debt profile would continue to increase. Mr Timothy Olawale, Director-General of NECA, said at a stakeholders’ forum in Lagos that business operators were concerned about government’s refusal...

    Approves n49m for rehabilitation of Otamiri Water Plant The Imo State Executive Council, Thursday, declared a state of emergency on Infrastructure in the State, even as it approved the sum of Forty Nine Million, Eight Hundred and forty five thousand Naira (N49,845.00) for the rehabilitation of Otamiri Water...

  The Manufacturing Purchasing Managers Index (PMI) in the month of June stood at 57.4 index points, indicating expansion in the manufacturing sector for the twenty-seventh consecutive month. The index grew at a slower rate when compared to the index in the previous month. Of the 14 sub-sectors surveyed, 12...

Gov. Seyi Makinde of Oyo state has appointed Mrs Olubamiwo Adeosun, as the Secretary to the State Government (SSG). Adeosun was the Country Implementation Lead of the Shell Business Operations (SBO), Nigeria. Mr Taiwo Adisa, the Chief Press Secretary to the governor, disclosed this on Friday in a statement in...

  Trading activities on the Nigerian Stock Exchange (NSE) closed northward on Friday, amid quarter end window dressing and low price attraction. The News Agency of Nigeria (NAN) reports that the All-Share Index inched 217.52 points or 0.73 per cent to close at 29,966.87 against 29,749.35 achieved on Thursday. In...

  The Economic and Financial Crimes Commission (EFCC) on Friday told a Federal High Court in Lagos that former Governor Ayodele Fayose of Ekiti State, facing N6.9 billion fraud before the court, was being investigated for other matters. The News Agency of Nigeria reports that Fayose was billed for re-arraignment...