archiveAugust 2019

  Both the All-Share Index and Market Capitalization of The Nigerian Stock Exchange (NSE) depreciated by 1.40 per cent  to close the week at 26,925.29 and N13.121 trillion respectively. Similarly, all other indices finished lower with the exception of NSE Premium Index which appreciated by 0.64 per cent. A total...

Additional 669MW coming this year How we plan to close 5.3million consumers metering gap “There must be independent power suppliers and this why we have all these regulations for micro-grid and other willing-buyer-willing-seller arrangements and that is the way by which we can go forward and ensure that we are...

  FMDQ Securities Exchange Plc, which recently became a full blown securities exchange, has explained that it is not out to compete with the Nigerian Stock Exchange (NSE) in equities trading but to create new entities for the future. Mr Bola Onadele, FMDQ Managing Director, said on Saturday at a...

The Federal Government has commenced move to reverse the order of a British court which granted, on Friday, the seizure of Nigerian assets amounting to $9 billion. Justice Butcher of the British Commercial Court had on Friday while delivering judgment in the suit filed by an Irish firm, Process and...

  The National Universities Commission on Friday announced the appointment of two Deputy Executive Secretaries, Dr Suleiman Ramon-Yusuf and Dr Kidado Kumo, who will be assisting the Executive Secretary, Prof Abubakar Rasheed, to oversee the affairs of Nigerian universities. The commission said in its weekly bulletin obtained by our correspondent...

The Nigerian Customs Service (NCS) Friday announced its interception of 21 contraband drugs including tramadol valued at over N5 billion. The National Public Relations Officer (NPRO) of NCS, Assistant Comptroller Joseph Attah, told newsmen in Ikeja that the drugs were intercepted when the smugglers of the items were attempting to...

  Following the allegations of corruption raised against the Head of Service of the Federation (HOSF), Winifred Oyo-Ita and the Chairman of the Special Investigation Panel, Okoi Obono-Obla,the Peoples Democratic Party (PDP) has alleged that the present administration “is rotten and reeks of incurable corruption, festering up to every level.”...

  The Federal Government has alleged leader of the Islamic Movement of Nigeria (IMN), Ibrahim El-Zakzaky planned to seek asylum while on medical treatment in India. El-Zakzaky’s other plan, according to the government, was to get an India Court grant him leave to relocate to another country. To achieve this...

    The Visitation Panel set up by the Ogun State Government to look into issues surrounding crisis at the Tai Solarin College of Education, Omu-Ijebu, has  recommended urgent and full implementation of recommendations of the 2016 staff audit report as some of the issues confronting the institution had been...

As Gov Abiodun wins again The Court of Appeal sitting in Ibadan yesterday (Friday) dismissed the appeal by the Labour Party against the election of Prince Dapo Abiodun as Governor of Ogun State. The Court came described the Labour Party’s repeated challenge of the Ogun State Governor as lacking merit...