archiveSeptember 20, 2019

The World Bank says it is in talks with the Federal Government of Nigerian  for a $2.5 billion loan to resolve the problems of the country’s power sector. World Bank’s Vice President for Africa, Hafez Ghanem said this while addressing journalists in Abuja, Bloomberg reported on Wednesday. “We’re talking about...

Trading closed positively on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation improving by N25 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation closed higher at N13.483 trillion compared with N13.458 trillion, an increase of 0.19 per cent. Also, the NSE All-Share Index...

The government of Oyo State has redeemed its pledge of N500,000 bursary to indigenes of the State in the Nigerian Law School. A statement by the Special Assistant (Print Media) to the Governor, Moses Alao, indicated on Friday that the 2019/2020 Backlog Session of the Forum of Oyo State Indigenes...

The Central Bank of Nigeria (CBN) on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system. The CBN Governor, Mr Godwin Emefiele, said this while briefing journalists shortly after the Monetary Policy Committee meeting. He said that contrary...

  There was profound jubilation among the people of Ipetu-Ijesha, in Oriade Local Government of Osun State, as Access Bank opened its new branch in the sleepy community. Speaking at the event, which was graced by many dignitaries across the country, the Group Managing Director/CEO of the Bank, Dr Herbert...

The Ogun House of Assembly has granted Gov. Dapo Abiodun’s request to access N1.5billion loan under the Central Bank of Nigeria (CBN’s) Anchor Borrowers’ Programme. This followed the adoption of a motion by Mr Yusuf Sheriff (APC-Ado Ota I) and seconded by Mrs Sikiratu Ajibola (APM- Ipokia) at plenary on...

Former Vice President and presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has reacted to the decision of the Presidential Election Tribunal, which validated the victory of President Muhammadu Buhari during the February 2019 election. In a lengthy personal note on his Twitter handle, Atiku said Nigerians must...

  Delta State Governor Ifeanyi Okowa has defeated Great Ogboru and his All Progressives Congress (APC) party at the tribunal. Ogboru, the governorship candidate of the APC in the March 9 gubernatorial election and his party had challenged Okowa’s victory at the Governorship Election Petitions Tribunal in Asaba, the Delta...

The Governorship Election Petition Tribunal in Kwara State, on Friday, dismissed the Peoples Democratic Party’s (PDP) petition seeking the nullification of Gov. AbdulRahman AbdulRazak’s election. The chairman of the tribunal sitting in Ilorin, Justice Bassey Effiong, said the petitioners were alleging directly that the second respondent, AbdulRazak presented a fake...

  The Central Bank of Nigeria (CBN) on Friday decided to retain the Monetary Policy at 13.5 per cent. The MPR is the rate at which the CBN lends to the real sector and often determines the cost of borrowing in the economy. While speaking with journalists at the end...