archiveMay 13, 2020

  Former Minister of State for Education, Olorogun Kenneth Gbagi, has said President Muhammadu Buhari’s choice of Prof. Ibrahim Gambari as his new Chief of Staff will pave the way for the administration to be reckoned with internationally. Gbagi, in a statement on Wednesday in Abuja, described the newly appointed...

  Pegs crude oil price at $25 per barrel Fixes Exchange Rate at N360 to $1   The Federal Executive Council (FEC) on Wednesday revised the 2020 Budget from N10.594 trillion signed into law by President Muhammadu Buhari to N10. 523 trillion by reducing it by N71.5 billion. The FEC...

  The Nigerian Army's Operation Safe Haven in Plateau State has apologised after its personnel admitting shooting dead Rinji Peter Bala, a 20-year-old student at the University of Jos on Tuesday. Bala was said to have first arrested by vigilantes alongside six others for violating the lockdown order put in...

  Airtel Africa Plc recorded revenue of 11.2 per cent, translating to$3.42 billion in the for full year audited report for 2019, from $3.08 billion in the same period of 2018. The telecoms company recorded a growth in Profit Before Tax (PBT) for the period under review by 71.7 per...

The Police Command in Oyo State has impounded 322 vehicles and arrested 325 persons for allegedly violating the 7 pm. to 6 am. curfew imposed by the state government. The Commissioner of Police in the state, Shina Olukolu, disclosed this during a press briefing at the command’s headquarters, Eleyele, Ibadan...

The Nigerian Stock Exchange (NSE) on Wednesday returned to positive path with key market indicators appreciating marginally by 0.06 per cent on renewed interest in highly capitalised equities. Specifically, the All Share Index (ASI) increased by 13.54 points, to close at 23,709.44 against 23,695.90 on Tuesday. Accordingly, Month-to-Date gain increased...

Dr Segun Aina, Former President of the Chartered Institute of Bankers of Nigeria (CIBN) has been appointed, Chairman, Board of Directors, Odu’a Investment Limited. The Head, Corporate Communication and External Relations of CIBN, Mr Nelson Olagundoye, said in a statement on Wednesday in Lagos,  that Aina’s appointment was approved by...

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday in Abuja approved the amendment of the Medium Term Expenditure Framework of 2020 to 2022 as well as amendment to the 2020 budget. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, made this known...

  project to provide 1,600 km of rural roads—Coordinator we promptly paid N350m fund to aid project—Makinde   Oyo State governor, Engineer Seyi Makinde, revealed on Wednesday that his government promptly paid the counterpart fund for Development Partners-backed Rural Access and Agricultural Marketing Project (RAAMP) to ensure accelerated development of...

Dangote Cement Plc has donated 35 operational vehicles to the Lagos State Government to improve security within the Lagos metropolis in order to ensure an investor-friendly environment. Mr Emmauel Ikhazobor, Non-Executive Director, Dangote Cement, presented the vehicles to the Lagos State Security Trust Fund, on Wednesday. Ikhazobor said the gesture...