archiveJune 2019

The Securities and Exchange Commission (SEC) says it has commenced the implementation of the report of its Technical Committee on Commodities Trading Ecosystem. The Acting Executive Commissioner (Operations) of SEC, Mr Isyaku Tilde, disclosed this when a delegation of the Commodity Brokers Association of Nigeria (CBAN) led by its Registrar,...

A 48-year-old pastor, Abayomi Adegboyega, is seeking dissolution of his 16-year-old marriage, alleging that his wife always demands `bribe’ from him before sex. Mr Adegboye told an Igando Customary Court in Lagos State on Wednesday to end the marriage on grounds that his wife, Risikat, denied him sex. “My wife...

    A human rights activist and senior lawyer, Femi Falana has written to the Chief Judge of the Federal Capital Territory, Abuja, Justice Abdu Kafarati, asking him to ensure that the civilians being detained at various military detention centres in the country are tried without delay. In the letter...

President Muhammadu Buhari has appointed Dr. Thomas M.A. John as the Acting Alternate Chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board. A statement by the Group Managing Director, NNPC, Dr. Maikanti Baru, in Abuja stated that Dr. John, a former Group Managing Director of the NNPC, was before...

The Nigerian Stock Exchange (NSE), the leading market for Exchange Traded Funds (ETFs) in the West African region, has commenced a three-day enlightenment campaign to increase investors’ awareness and participation in the ETFs market. The campaign which runs from June 26 to 28, 2019, will see the Exchange engage investors...

  Benue State Government has rejected the Federal Government’s proposed Ruga settlement for herdsmen. In a statement, the Chief Press Secretary (CPS) to the Governor, Terver Akase, drew the attention of those sponsoring the proposal to the state’s Anti-Open Grazing Prohibition Law and the need to obey it. The statement...

The lawsuit of $2 billion tax dispute between South African telecommunications giant, MTN Groups and the Federal Government of Nigeria was on Wednesday adjourned until October 19. Nigeria’s attorney general, Abubakar Malami, on behalf of the President Muhammadu Buhari government had demanded MTN to pay the $2 billion last September....

  A retired Nigerian Army General and former minister of defence, Lt-Gen Theophilus Danjuma, is currently worth an estimated $1.2 billion, Bloomberg, the US-based media organisation has said. This amounts to N432 billion in the Nigerian currency as the media organisation declares that the 80-year-old’s family office managing a portion...

  The Peoples Democratic Party (PDP) has accused the Independent National Electoral Commission (INEC) of allegedly sponsoring an “amorphous group” to support the denial by the Commission of the existence of a server. It would be recalled that a group under the  aegis of Forum of Presidential Candidates of the...

    The National Bureau of Statistics (NBS), said India was the largest export market for Nigeria in the first quarter (Q1) of 2019 with a net worth of N744.9 billion. The bureau said this in its Commodity Price Indices and Terms of Trade (Q1 2019) on its website on...