archiveOctober 2019

  Senate adjourns debate on 2020 Budget till next week Tuesday Senators belonging to the All Progressive Congress (APC) and Peoples’ Democratic Party (PDP) on Thursday commended President Muhammadu Buhari for adhering strictly to the provisions of the Fiscal Responsibility Act by ensuring the timely submission of the 2020 Appropriation...

  I applaud the unusual departure of the Government of Nigeria by laying the budget estimates in good time and the reciprocity of the National Assembly to pass the estimates in 2019!!!! This is record breaking, but alas, this is only as good as can be said of the budget...

The Senate on Thursday reintroduced a bill seeking to establish the National Assembly Budget and Research Office (NABRO). The bill, which was passed by the 8th Senate on May 3, 2019, however, failed to receive assent by President Muhammadu Buhari. The move seeking to establish the National Assembly Budget office...

  The National Open University of Nigeria (NOUN) has introduced 15 new academic programmes in different fields of study. Pro Chancellor of the university, Prof. Peter Okebukola, unveiled the new programmes approved by the board of the university on Thursday. The university’s vice chancellor, Professor Abdalla Adamu, said the open...

  Lagos House of Assembly has threatened to issue a warrant of arrest for former Governor Akinwunmi Ambode and four others who served as his commissioners. The decision followed two preliminary reports presented by two different ad-hoc committees set up by the House to investigate the 820 buses purchased by...

  Oil prices fell on Thursday on concerns of lower fuel demand as talks this week between the United States and China, are not expected to help end the trade war between them. U.S and China, the world’s two largest oil users, are creating anxieties about the global economy. China,...

  Roots for unicameral legislature   The Governor of Ekiti State, Kayode Fayemi, has called for the scrapping of the Senate to reduce the size of governance even as stressed that based on the current economic realities, the type of legislative system that would really work for the country  “is...

  Former Kaduna Central Senator, Shehu Sani  on Thursday faulted claims by President Muhammadu Buhari that some statistics published by World Bank and other international bodies  on Nigeria were wrong. Buhari had said some of the data by World Bank and other international bodies were wild estimates and inaccurate, adding...

The market capitalisation of the Nigerian Stock Exchange (NSE) dropped to N12 trillion, amid huge sell off of stocks of blue chip companies. Specifically, the market capitalisation lost N103 billion or 0.79 per cent to close at N12.948 trillion against N13.051 trillion recorded on Tuesday. Also, the All-Share Index, which...

  The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to promote cross listing and trading of green bonds in Nigeria and Luxembourg. The NSE said the MoU was signed at the annual meeting of the World Federation of Exchanges in...