archiveSeptember 13, 2019

  Activities on the Nigerian Stock Exchange (NSE) remained positive with the market indices growing further by 1.28 per cent. Specifically, the All-Share Index rose by 352.36 points or 1.28 per cent to close at 27, 779.00 against 27,426.64 achieved on Thursday. Also, the market capitalisation rose by N171 billion...

  South Africa’s economic growth is unlikely to reach the treasury’s target of 1.5 per cent in 2019 because conditions have changed and the country is facing increasing headwinds, Finance Minister, Tito Mboweni, said on Friday. Mboweni told a conference in Johannesburg that the assumptions underlying the forecasts had clearly...

  A group of civil society organisations (CSOs) have urged the Federal Government not to follow through with the plan to increase Value Added Tax (VAT), saying that it will increase poverty and widen inequality. The News Agency of Nigeria (NAN) reports that the CSOs were reacting to the recent...

    FBNQuest Trustees Ltd says it will continue to preserve legacies across generations as its share capital grew from N30 million in the 90s to N3 billion in 2019. Mr Adekunle Awojobi, Managing Director, FBNQuest Trustees, made the disclosure during the 40th Anniversary celebration of the company on Friday...

The proposed increase of the Value-Added Tax (VAT) rate from 5 to 7.5 per cent by the Federal Government is subject to the review and approval of the National Assembly, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. Also, the minister clarified that the increment will...

  The Inspector General of Police (I-G), Abubakar Adamu says community policing initiative will complement Nigeria police efforts in combating crimes and issues bothering on the activities of bandits, terrorists, kidnappers and militants. Adamu said this shortly after the submission of report by the committee on the Implementation Strategies on...

  Vice President Yemi Osinbajo, SAN, will be representing President Muhammadu Buhari at the State Funeral for former President Robert Mugabe of Zimbabwe on Saturday. Prof. Osinbajo would be joining other African leaders and Heads of State expected at the occasion scheduled for the country’s National Stadium in Harare. Heads...

    Oyo State Governor, Engineer Seyi Makinde, has approved the appointment of a former member of the House of Representatives, Honourable Kamil Akinlabi as the chairman of the Oyo State Road Maintenance Agency (OYSROMA). A statement endorsed by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, confirmed...

  The Independent National Electoral Commission says 52 political parties and its candidates are ready to participate in the Bayelsa governorship election on November 16. News Agency of Nigeria reports that the form to that effect was displayed at INEC office in Yenagoa on Friday. The political parties are Accord,...

The Lagos mansion of President of the Nigerian Football Federation (NFA), Amaju Pinnick, has been sealed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The commission sealed the property located at Park View Estate and placed it under investigation on Friday. The anti-graft agency made the announcement...