archiveMay 6, 2020

The Nigerian Export-Import Bank (NEXIM) on Wednesday received a new Chairman of the Board of Directors of the bank,  Dr Kinsley Obiora. A statement issued by Mr Tayo Omidiji, Head, Strategy and Corporate Communications of NEXIM, said that Obiora replaced Dr Joseph Nnanna, who retired from NEXIM Board in February....

The Federal Government has decried the continued violation of the new guidelines set up as part of measures to check the spread of Coronavirus (COVID-19) pandemic in the country. Mr Adeniyi Adebayo, Minister of Industry, Trade and Investment, on Wednesday in Abuja, frowned at the deliberate violation of the guidelines....

The Nigerian stock market on Wednesday extended its positive sentiment rally with the market indices appreciating by 1.40 per cent. Specifically, the All-Share Index (ASI) increased by 334.06 points, representing a growth of 1.40 per cent to close at 24,143.37, compared with 23,809.31 on Tuesday. Similarly, the market capitalisation rose...

Primero Transport Services Ltd., operators of Bus Rapid Transit (BRT) in Lagos State, says it is impossible to break-even with the new transport guidelines mandating high-capacity buses to carry only 20 commuters to forestall spread of COVID-19. The Managing Director of the firm, Mr Fola Tinubu, made this known in...

    Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in U.S. inventories. Brent crude has almost doubled since hitting a 21-year low reached on April 22, supported by expectations...

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has issued guidelines to the Presidential Task Force (PTF) on COVID-19 on how all funds allocated to the committee will be managed. Also, the Commission has banned  cash payment for services or Procurements, except petty cash advances, by the Task...

Mrs Kafayat Amusan, one of the stranded Nigerian travellers returning from United Arab Emirates, on Wednesday delivered a baby boy on board Emirates Airline departing from Dubai to Lagos. Mr Abdur-Rahman Balogun, Head of Media and Public Relations Office of Nigerians in Dispora Commision (NIDCOM), made the disclosure in a...

The Federal Government has granted a two-month licence fee waiver for terrestrial broadcast stations in the country as part of measures to cushion the effect of the Coronavirus (COVID-19) pandemic on the broadcast industry. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this at a meeting with the...

The Attorney-General of the Federation and Minister of Justice Abubakar Malami (SAN) has faulted those criticising him for describing the recently repatriated Abacha loots as “Abacha assets” Malami, in a statement by Dr Umar Gwandu, his Special Assistant on Media on Wednesday in Abuja, said his attention had been drawn...

  Oyo State Governor Seyi Makinde has said despite not imposing full lockdown on the people of the state, his administration thought it wise to still give palliative to the people to ease the hardship on those whose partial lockdown has affected negatively. Describing the categories of the identified beneficiaries...