archiveNovember 6, 2019

  The Lagos Chamber of Commerce and Industry (LCCI) has commended Fidelity Bank Plc for its support to the growth of Micro, Small and Medium Enterprises (MSMEs) in the country. Its President, Mr Babatunde Ruwase, made the commendation on Wednesday at the Fidelity Bank’s Day at the ongoing 2019 Lagos...

The Nigerian Stock Exchange (NSE) on Wednesday extended losing streak with the crucial market indicators dropping further by 0.57 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI) dipped 151.69 points or 0.58 per cent to close at 26,223.66 against 26,375.35 posted on Tuesday. Also,...

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that the country lost 41.9 billion dollars to stolen and refined crude oil products in nine years. NEITI disclosed this in its policy brief titled, “Stemming the Increasing Cost of Oil Theft to Nigeria” released in Abuja on Wednesday. A breakdown shows...

proposes 14-year jail term for sexual predators in tertiary institutions   The Senate on Wednesday debated two critical bills - the sexual harassment bill and President Muhammadu Buhari’s Finance bill, 2019. The bills, which scaled second reading on the floor of the Senate, were sponsored by the Deputy Senate President,...

    moves to end child labour, modern slavery The Senate on Wednesday mandated its Committee on Gas to immediately review and recommend upwards penalty for defaulters of Nigeria’s Gas flaring laws. The upper chamber reached the resolution after consideration of a motion titled: “The need to monitor the Nigerian...

  says new contract is total reconstruction not rehabilitation The Government of Oyo State on Wednesday clarified how it arrived at the new cost of the all-important Moniya-Ijaiye-Iseyin road, which links the food basket of the state, Oke-Ogun. A statement by the Chief Press Secretary to Governor Seyi Makinde, Mr....

President of the Senate, Ahmad Lawan, on Wednesday disclosed that the National Assembly and the Executive are collaborating on the best ways to tackle the issue of kidnapping and insecurity in the country. Lawan made disclosure in his remarks on a motion titled: “Urgent need for Security Agencies to intervene...

Nigerian Police redeploys 7 DIGs with immediate effect The Inspector General of Police (IGP) Muhammed Adamu has announced the posting of seven Deputy Inspectors-General (DIGs) of Police and this is with immediate effect. The affected officers, according to a statement from the Police Headquarters are the following: Department of finance...

Nearly two dozen people went on trial Wednesday in the French city of Lyon for what activists say is an all-too-common reality in Europe: allegations of forced prostitution involving migrant women. The 23 defendants face up to 10 years in prison if found guilty of a slew of charges, ranging...

Nigeria’s State Security Service (SSS) has again refused to release the detained publisher of Sahara Reporters Mr. Omoyele Sowore, despite meeting his bail conditions. On Wednesday, the SSS said it had closed for the day, and would not review a document presented by  Sowore’s lawyers showing the bail conditions had...