archiveOctober 2019

South Africa and Nigeria on Thursday signed 30 trade and cooperation agreements, weeks after a wave of violence against Nigerian nationals in Johannesburg and Pretoria had strained relations between Africa’s top two economies. NAN reports that Presidents Cyril Ramaphosa and Muhammadu Buhari at the conclusion of a two-day visit by...

The International Organisation of Securities Commission (IOSCCO) is preparing to launch its third annual world investor week in the first week of this month. The Securities and Exchange Commission (SEC) said the investor week would be a week-long global campaign aimed to promote investor education and investor protection. It said...

  Says mining sector must be revamped, protected The President of the Senate, Ahmad Ibrahim Lawan, has called on security agencies to arrest and prosecute foreigners and anyone engaged in the illegal mining of the country’s mineral resources. Lawan made the call on Wednesday in his remarks after the consideration...

    As state demands needs assessment from returnees The Oyo State Government said on Wednesday that it was ready to empower its indigenes who are returning from South Africa as a result of xenophobic attacks. The state’s deputy Governor, Engineer Rauf Olaniyan, who made the declaration on behalf of...

  Organised labour on Wednesday threatened to embark on a nationwide strike from Oct. 16, if the Federal Government fails to reconvene the meeting of the committee negotiating the consequential adjustment on the new minimum wage. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at a meeting...

  The Central Bank of Nigeria (CBN) on Wednesday urged financial institutions and organisations to embrace technology to remain competitive. Mr Adebisi Shonubi, Deputy Governor, CBN, stated this at Greenwich Registrars and Data Solutions Ltd seminar held in Lagos with the theme: Big Data in Nigeria. Shonubi represented by Hajiya...

  Activities on the Nigerian Stock Exchange (NSE) opened for the first trading day in October with a loss of 1.14 per cent. The News Agency of Nigeria (NAN) reports that the lull followed negative sentiment by investors. Specifically, the All Share Index (ASI) decreased by 315.69 points or 1.14...

President of the Senate, Ahmad Lawan said on Wednesday that the Production Sharing Contract Act of 1993 will be reviewed. Lawan spoke while declaring open a public hearing convened by Senate and House of Representatives Joint Committees on Finance on 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP)....

Kano State governorship election tribunal has affirmed the candidate of All Progressive Congress (APC), Dr.Abdullahi Umar Ganduje, as the winner of March 23, 2019 governorship election in the state, thereby dismissing the petition of the candidate of People Democratic Party (PDP), Alhaji Kabir Abba Yusuf. The chairman of the tribunal,...

  The Federal Government has concluded plans to return  toll gates on federal roads 18 years after they were dismantled by the General Olusegun Obasanjo administration in Briefing State House correspondents at the end of the weekly Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, the Minister...