archiveFebruary 2020

The Centre for Africa Liberation and Socio-Economic Rights (CALSER) has urged President Muhammadu Buhari to declare a state of emergency in Borno State. It said the renewed killing in the region was worrisome. At a conference in Abuja, the Convener Princess Ajibola condemned the rising cases of insurgency in the...

  The Minister of State for Petroleum Resources, Chief Timipre Sylva, said about one billion barrels of Crude oil have been discovered in the Northeastern part of Nigeria. Sylva made the disclosure at a news conference to end the 2020 Nigeria International Petroleum Summit, in Abuja on Wednesday. “The figure...

  Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja. President Muhammadu Buhari is currently in Addis Ababa, Ethiopia, for the 33rd Ordinary Session of Presidents and Governments of the African Union. The President is, however, expected back in...

  The Oyo State High Court in Ibadan, on Wednesday fixed Feb, 21, for a report on the out-of-court settlement or hearing in a suit instituted by the Oyo State Government against the sacked 33 Local Government Chairmen and 35 LCDA in the state. News Agency of Nigeria (NAN) reports...

  The Nigerian Stock Exchange will convene a mandatory Court Ordered Meeting (COM) of its members to pass requisite resolutions for the demutualisation of the Exchange. A press statement from The Exchange on Wednesday also added that The Exchange will hold an Extraordinary General Meeting (EGM) to pass the resolutions...

  Nobel Laureate, Prof. Wole Soyinka and former Kaduna Central Senator, Shehu Sani, were at the Federal High Court, Abuja in solidarity with Omoyele Sowore, convener of the RevolutionNow Movement. Speaking with Sani upon arrival in the courtroom, Soyinka jokingly called the former Senator a “criminal.” Soyinka who was seated...

  The Nigerian Stock Exchange (NSE) on Tuesday released the distribution formula for the allotment of shares for the post-demutualised Nigerian Exchange Group Plc on the ratio of 78:22 between dealing members and ordinary members. The exchange stated this in a notice posted on its web site ahead of its...

  Nigeria and Ethiopia have signed a visa waiver agreement for diplomatic and official passport holders, and a Memorandum of Understanding (MoU) on Cooperation in the field of Defence. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, confirmed this development in a statement in Abuja on...

  Pope Francis is expected to decide on Wednesday whether to make a limited exception to the celibacy rule for priests, one of the most controversial issues in the Catholic Church today. In October, a summit of bishops known as a synod proposed allowing married men into the priesthood, only...

In view of the continuous slump in Treasury Bill (T-Bill) yields, occasioned by the stoppage of individuals and non-bank corporates from  the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) auctions, a real estate advisory firm, Northcourt has called on investors to invest in real estate, shares and longterm...