archiveDecember 2019

The Federation Accounts Allocation Committee (FAAC) has shared a total of N635.826 billion to the three tiers of government for November 2019. This was announced at the FAAC meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse. The N635.826 billion was the...

The Nigerian Stock Exchange (NSE) ended Wednesday session with a marginal growth of 0.02 per cent. Specifically, the All-Share Index improved by 5.29 points or 0.02 per cent to close at 26,665.73 against 26,660.44 achieved on Tuesday. In the same vein, the market capitalisation garnered N3 billion or 0.02 per...

The Federal High Court, Abuja, on Wednesday, granted the Economic and Financial Crimes Commission (EFCC)’s request to extradite the Briton, Adam Quinn, over his alleged complicity in the 9.6 billion dollars judgment against Nigeria. Justice Okon Abang, who gave the order for Quinn’s arrest, said the move would help the...

The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government for early passage and assent to the 2020 Appropriation Act. Its Director-General, Mr Timothy Olawale, on Wednesday in Lagos, commended the government for bringing the country back to the January to December budget cycle. The News Agency of Nigeria...

The Peoples Democratic Party (PDP) has dismissed President Muhammadu Buhari’s birthday declaration to bequeath a legacy of free and fair elections as diversionary posturing which cannot sway Nigerians to place any trust in his government as far as elections are concerned. PDP said Buhari cannot claim to be committed to...

receives report on FCT 2020 budget The Senate has called on the Nigerian Police authorities to carry out a thorough investigation into the killing of Professor Jerome Elusiyan of the Obafemi Awolowo University Teaching Hospital, Ile Ife, with a view to apprehending the assailants and bringing them to justice. The...

The National Industrial Court, Abuja on Wednesday dismissed ex- Borno governor, Mohammed Goni’s suit for payment of pension and other benefits, for lacking in merit. Goni, the claimant was the first civilian governor of the former Borno from Oct. 1979 to Oct. 1983. He instituted the suit against the State...

    President Muhammadu Buhari on Wednesday administered oaths of office on nine Federal Permanent Secretaries at the Presidential Villa, Abuja. News Agency of Nigeria (NAN) reports that the Permanent Secretaries were sworn-in in two batches of five and four before the commencement of the Federal Executive Council (FEC). The...

Shareholders in Ibadan Zone on Wednesday commended the Securities and Exchange Commission (SEC) for initiating policies which had helped to reduce the huge number of unclaimed dividends in the area. Mr Eric Akinduro, the Chairman, Ibadan Zone Shareholders Association, gave the commendation in an interview with the News Agency of...

  The Supreme Court, on Wednesday, upheld Seyi Makinde’s election as Governor of Oyo State. The appeal was filed by the governorship candidate of the All Progressives Congress (APC), Adebayo Adelabu. Adelabu lost to Makinde during the March 9, 2019 elections. Adelabu had approached the Supreme Court to challenge the...