archiveNovember 13, 2019

  After two successive trading sessions on positive sentiment, the Nigerian Stock Exchange (NSE) on Wednesday lost N57 billion due to sell pressure on 15 stocks. The News Agency of Nigeria (NAN) reports that the All Share Index (ASI) dipped by 171.28 points or 0.44 per cent to close at...

  The Federal Executive Council (FEC) has approved the submission of Memorandum of  Law  for additional capital increase for Nigeria at the International Bank for Reconstruction and Development(IBRD). NAN reports that IBRD is a global development cooperative owned by 189 member countries. As the largest development bank in the world,...

The Federal Controller of Works in Lagos, Mr Adedamola Kuti on Tuesday night said that contrary to misleading media reports, “the Eko Bridge is open and not closed.’’ Kuti said this during a joint media briefing with the Special Adviser to Gov. Babajide Sanwo-Olu on Works and Infrastructure, Mrs Aramide...

  The Bureau of Public Enterprises (BPE) says it has completed 234 public transactions through privatisation, commercialisation and concessions since its inception. The Director General of BPE, Mr Alex Okoh, said this at the Nigerian Investment Showcase in London, United Kingdom. A statement in Abuja on Wednesday by Ms Amina...

  The Minority caucus in the Senate on Wednesday stood against the approval of N10.016 billion for the Kogi State Government few days to the governorship election slated for Saturday, November 16. The Minority Leader, Senator Enyinnaya Abaribe’s opposition to the payment was sequel to the presentation and consideration of...

The Joint Admissions and Matriculation Board (JAMB) says it will create a platform that will enable some candidates who scored 250 and above to know why they are denied placements in their respective schools of choice. Dr Fabian Benjamin, JAMB’s Head of Media and Information, made the disclosure in an...

Indian High Commissioner to Nigeria, Mr. Abhey Thakur, said his country would support Nigeria in the area of infrastructure to enable the country overcome its power challenges. He gave the promise in Lagos at the 2019 Future Energy Nigeria (FEN) Conference and Exhibition, with the theme: ‘’Advancing Partnership and Solutions...

  Nigeria Senate on Wednesday approved the payment of a N10 billion loan to Kogi State. President Muhammadu Buhari on Tuesday, October 15 asked the Senate to approve the payment of N10.069 billion as a settlement of promissory note to the Kogi State Government. Nigeria Senate Ahmad Lawan read Buhari’s...

  The African Development Bank (AfDB) on Wednesday announced a $50 million equity investment in African Finance Corporation (AFB). AfDB made the announcement at the ongoing Africa Investment Forum in Johannesburg, South Africa. AFC was founded 13 years with equity fund from the Central Bank of Nigeria and some commercial...

  not being benefiting any salary increase nor welfare allowances since 2007 The National President of the Nigeria Union of Pensioners (NUP), Dr. Abel Afolayan, on Tuesday said he has been reassured by the Acting Chairman of the National Salaries, Income and Wages Commission, Mr. Ekpo Nta that pensioners across...