archiveAugust 2019

Uganda on Tuesday re-launched its national carrier, Uganda Airlines, hoping to take a slice of the East African aviation business that is dominated by Ethiopian Airlines. Ugandan Airlines Chief Executive Officer Ephraim Bagenda said at a ceremony at Entebbe, the country’s sole international airport, south of the capital Kampala, that...

  Some capital market operators on Tuesday urged the Central Bank of Nigeria (CBN) to ensure stable exchange rate to boost Foreign Portfolio Investments (FPIs) into the Nigerian capital market. They made the call in separate interviews with the News Agency of Nigeria (NAN) in Lagos. The operators were reacting...

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Tuesday urged Nigerians to be active participants in budget tracking to curb corruption in the country. The ICPC Commissioner in Akwa Ibom, Mr Shola Shodipo, gave the advice in Uyo at the opening of a two-day training workshop on...

Epileptic power supply, insecurity and  a lack of key infrastructure have continued to force industrialists out of Nigeria, a labour activist, Mr Babatunde Olatunji, has said. Olatunji, President of the National Union of Chemical, Footwear, Rubber, Leather and non-Metallic Products Employees (NUCFRLANPE) made the statement at the 28th Annual Industrial...

Trading on the Nigerian equities market swayed further down on Tuesday with a decline of 0.32 per cent due to price depreciation on some highly capitalised stocks. Specifically, the All Share Index decreased by 89.08 points or 0.32 per cent to close at 27,602.77 compared with 27,691.85 achieved on Monday....

    The Federal High Court, Abuja, will, on Wednesday, hear the motion filed by Mr Omoyele Sowore, Convener, #RevolutionNow protests, challenging his detention for 45 days by the Department of State Security (DSS). Sowore. who is presently in detention had, on Aug 9, approached the court, seeking an order...

The Manufacturers Association of Nigeria (MAN) on Tuesday unveiled plans to support the improvement of value chain in the manufacturing sector to enhance competitiveness and promote job creation. The President of MAN, Mr Mansur Ahmed, made this known in Lagos at a news conference organised by the association to announce...

  The Lagos State House of Assembly has inaugurated a committee to probe the administration of ex-Governor Akinwunmi Ambode. As part of its mandate, the Honorable Fatai Mojeed-led committee is mandated to probe the purchase of 820 buses that had been scheduled for public transport in the state. The House...

The Federal Government has dismissed reports that 23 Nigerians convicted for drug offences in the Kingdom of Saudi Arabia had been executed. The Ministry of Foreign Affairs said it was in contact with the Nigerian Mission in Saudi Arabia “and it has been confirmed that the story is false and...

  Google Search processes more than 40,000 search queries every second, Mr Taiwo Kola-Ogunlade, Google’s Communications and Public Affairs Manager, Anglophone West Africa, said on Tuesday. Kola-Ogunlade in a statement in Lagos, said that Google’s search engine was the most used across all platforms with more than 5.4 billion searches...