archiveAugust 2019

The Vice President, Prof. Yemi Osinbajo, has expressed dissatisfaction over the performance of electricity distribution companies in the country, saying there is a need for a substantial change of strategy in order to meet the electricity needs of homes and businesses. Osibanjo spoke on Thursday at the inauguration of a...

  President Muhammadu Buhari says his administration’s investment in infrastructure like rails, roads, bridges and waterways have started yielding positive results with tangible evidence for all to see. The president disclosed this in a statement by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in Abuja on...

Transactions resumed on the Nigerian Stock Exchange (NSE) on Wednesday after the Eid-el-Kabir celebration with a loss of 0.82 per cent due to profit taking in blue chips. The News Agency of Nigeria (NAN) reports that the All-Share Index lost 223.70 points or 0.82 per cent to close at 27,083.11...

Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion. Victor Etuokwu, Executive Director, Retail Banking, said in a statement on Wednesday in Lagos that the loan would provide more Nigerians with access to credit...

  The All Africa Music Awards (AFRIMA)  on Wednesday unveiled Tiwa Savage, Davido, Burna Boy, Simi, Wizkid, Kizz Daniel, Teni, Yemi Alade, Niniola along other international artistes  nominated for  2019 edition of the prestigious award. This was made public  during a press conference held at Eko Hotels and Suites, Victoria...

The Nigeria Employers’ Consultative Association (NECA) on Wednesday warned that there would be unprecedented smuggling of food products because of President Muhammadu Buhari’s directive to the CBN to withdraw foreign exchange for food importation. The Director-General of NECA, Mr Timothy Olawale,   while reacting to the directive, told reporters in Lagos...

A bill signed into law on Wednesday by President Muhammadu Buhari has changed the Nigerian Prisons Service to Nigerian Correctional Service Senior Special Assistant to the President on National Assembly Matters, Ita Enang, made the disclosure while speaking with journalists covering the State House in Abuja on Wednesday. According to...

The directive of President Muhammadu Buhari on Tuesday to the Central Bank of Nigeria (CBN) not to allocate foreign exchange to food importers is not only illegal but one that is capable of worsening the suffering of the majority of Nigerians, a leading civil society organisation (CSO), Centre for Social...

Laeader of Islamic Movement in Nigeria (IMN) Ibrahim El-Zakzaky on Wednesday said he did not trust the doctors assign to treat him in India. El-Zakzaky said his supposed medical trip has been worse than times he had been in prison detention. “All what we have seen here, have shown us...

  The Securities and Exchange Commission (SEC) on Wednesday disclosed that it was taking steps to reduce transaction costs in the Nigerian capital market, to shield investors from high charges. The Acting Director-General of SEC, Ms. Mary Uduk, stated this during a meeting with the Association of Corporate Trustees in...