archiveAugust 2019

Vice President Yemi Osinbajo says the Federal Government’s power sector reforms are already yielding results as steady progress is being recorded in power generation, transmission and distribution capacities on the national grid. Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja, said the vice president spoke at the commissioning of...

  The Nigerian Association of Small Scale Industrialists (NASSI) has urged the Federal Government to sign the Small and Medium Enterprise Development Agency (SMEDAN) bill to enable it operate more effectively. Chief Solomon Vongfa, NASSI National President made the call on Friday in Abuja when he led a delegation of...

The National Bureau of Statistics (NBS), said the country’s inflation measured by Consumer Price Index (CPI) stood at 11.08 per cent (year-on-year) in July 2019, representing a drop  0.14 per cent compared with 11.22 per cent recorded in June . The NBS said this in its “CPI and Inflation Report’’...

  The Debt Management Office (DMO) says N324.4 million was allotted to 408 subscribers during its sale of savings bond in August. The results of the sales obtained from the DMO website on Friday in Abuja, showed that N81.03 million was allotted for Aug. 2021 at 10.301 per cent. It...

Transactions on the floor of Nigerian Stock Exchange (NSE) declined further on Friday with crucial market indicators dropping by 0.47 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index lost 127.64 points or 0.47 per cent to close at 26,925.29 from 27,052.93 recorded on Thursday. Also,...

  The Manufacturers Association of Nigeria (MAN) has said there is the need for clarity on President Muhammadu Buhari’s directive on restriction of foreign exchange for food importation. Mr Segun Ajayi-Kadir, Director-General of MAN disclosed this on Friday in Lagos. Buhari gave the directive when he hosted the All Progressives...

The National Business and Technical Examinations Board, said 32,673 candidates that sat for the NBC/NTC examinations scored five credits and above including English Language and Mathematics. Registrar/Chief Executive, NABTEB, Prof. (Mrs.) Ifeoma Isiugo-Abanihe disclosed this while briefing newsmen on the outcome of the 2019 May/June NABTEB examination results in Benin...

The Peoples Democratic Party (PDP) candidate in the February 23, presidential election in Nigeria, Atiku Abubakar and his party has insisted that President Muhammadu Buhari was not qualified to have contested the 2019 poll and as such should be disqualified by the Presidential Election Petition Tribunal. The party and its...

The Economic and Financial Crimes Commission (EFCC), is investigating the Head of Service, Mrs Winifred Oyo-Ita over alleged N3 billion contract scam. According to Channels Television sources, she is also being investigated over alleged abuse of duty tour allowance, money laundering and alleged theft of government funds. Oyo-Ita is said...

  The Nigerian equities market maintained a negative session on Thursday with the market capitalisation dipping further by N15 billion. Specifically, the market capitalisation lost N15 billion to close at N13.183 trillion compared with N13.198 trillion on Wednesday. In the same vein, the All-Share Index shed 30.18 points or 0.11...