archiveOctober 2019

  Barely few hours after suspension of Dr Boniface Igbeneghu of the Department of European Languages and Integrated Studies, Faculty of Arts University of Lagos, UNILAG, the institution has announced the suspension of another lecturer, Dr. Samuel Oladipo, indicted for the same offence. Dr. Oladipo was suspended on Tuesday by...

  The crucial market indices of the Nigerian Stock Exchange (NSE) on Tuesday sustained bearish sentiment for six consecutive trading sessions. Consequently, the market capitalisation lost N27 billion or 0.27 per cent to close at N13.051 trillion compared with N13.078 trillion achieved on Monday. In the same vein, the All...

    Rights activist and Senior Advocate of Nigeria (SAN), Mr Ebun-olu Adegboruwa, on Tuesday said that absolute press freedom was highly desirable for Nigeria to achieve the desired growth. Adegboruwa said this while delivering a paper at the 2019 annual lecture of the National Association of Judicial Correspondents (NAJUC),...

  *VP woos Scandinavian investors at Nordic-African business summit The administration of President Muhammadu Buhari, in consolidating efforts made in its first term, is committed to expanding opportunities for investments in renewable energy, technology and other sectors of the Nigerian economy, according to Vice President Yemi Osinbajo, SAN. The Vice...

    President of the Senate, Ahmad Lawan said on Tuesday that only this October is set aside for all government agencies to defend their 2020 budget estimates to enable the passage of the document in December. In his remarks during the presentation of the 2020 budget by President Muhammadu...

M.D Nursery and Primary School has announced the programmes for the 2019 edition of its yearly community project. This year, the school, located in Agidingbi and New Oko Oba areas of Lagos State, will be providing medical support, legal advice and other professional support to members of the two communities....

  The Senate on Tuesday commenced move to amend the Production Sharing Contract Act, following consideration of a bill to that effect. The bill titled “Deep Offshore and Inland Basin Production Sharing Contract 2004 (amendment) Bill 2019” passed the second reading on Tuesday. It was consequently referred to the Senate...

The Peoples Democratic Party (PDP) on Tuesday said the N10.7 trillion 2020 budget presented by President Muhammadu Buhari to the National Assembly will further impoverish Nigerians and mortgage the future of the nation and its citizens. The party urged the legislature to redirect the fiscal proposal to serve the interest...

Some economic experts have expressed concern over the Federal Government’s decision to base the estimated revenue from Value Added Tax (VAT) in 2020 by 7.5 per cent instead of five per cent. The News Agency of Nigeria (NAN) recalls that the Federal Executive Council had recently approved the increment of...

    President Muhammadu Buhari of Nigeria on Tuesday formally presented N10.729 trillion for the 2020 fiscal year before a joint session of the nation’s National Assembly. Buhari said the 2020 budget is based on the proposed new Value Added Tax (VAT) rate. The increased revenues, he said, will be...