archiveFebruary 2020

Sell pressure on the Nigerian Stock Exchange (NSE) persisted on Wednesday with the market capitalisation shedding N175 billion. Specifically, the market capitalisation, which opened at N14.645 trillion, dipped N175 billion or 1.19 per cent to close at N14.470 trillion. Similarly, the All Share Index (ASI) decreased by 338.51 points or...

The Peoples Democratic Party (PDP), on Wednesday, declared what it called President Muhammadu Buhari’s resort to religious coloration and classification of wanton killings in the country by insurgents, as “totally horrendous, unpresidential, scandalous, discriminatory, divisive and a huge spat on the grave of the victims.” PDP described as highly insensitive...

Ogun State government, on Wednesday, raised a red flag to thousands of motorcyclists from Lagos State, saying the state is not ready to accommodate any of them in its transportation plan. It noted that while the state is always ready to partner with investors to strengthen its industrial hub, activities...

Kogi State Government on Wednesday announced its intention to borrow $100 million to finance some projects that would quicken the socio-economic development of the state. The state Commissioner for Finance, Budget and Economic Planning, Mr Idris Ashiru, told newsmen in Lokoja shortly after the state executive council meeting that officials...

Germany announced on Wednesday new migration law for Nigerians, noting that the new regulation was imperative to address issues surrounding irregular migration. Minister of State of German Federal Chancellery, Mrs Annette Widmann-Mauz, made this known in Abuja in a meeting with the Federal Commissioner for Refugees, Migrants and IDPs, Mr...

The Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, has directed the Nigerian Communications Commission (NCC) to revise the Policy on SIM Card registration and usage. This is in line with the Powers of the Minister as stated in Section 25(1) of the Nigerian Communications Act...

A young school pupil has been killed after being hit by a stray bullet during a clash by police and commercial motorcycle riders popularly known as Okada riders in the Iyana-Ipaja area of Lagos following a ban on their activities by the Lagos State Government. According to Sahara Reporters, policemen...

The Association of Nigerian Licensed Customs Agents  (ANCLA) has said that the ban on motorcycles and tricycles in some parts of Lagos State will cripple cargo clearance at the Lagos ports. The Vice-President of the association, Mr Collins Farinto, said this on Wednesday in Lagos. Farinto told the News Agency...

Mr Tion Williams, a taxation expert, has called for sensitisation of citizens on the recently signed 2019 Finance Bill by President Muhammadu Buhari. Williams, a Managing Partner of T.A Williams firms, made the appeal at a One Day Workshop on the Nigeria Finance Bill ‘Tax Implications’ in Abuja on Wednesday....

Ahead of its demutualisation exercise, the Nigerian Stock Exchange (NSE) is set to hold a Court-Ordered Meeting with its members on March 3. The notice of the meeting obtained by the News Agency of Nigeria (NAN) in Lagos stated that the exchange obtained an order of the Federal High Court,...