archiveMay 19, 2020

  As Senate probes FG intervention in power sector Adjourns plenary till June 2, 2020   President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the charge in his concluding remarks on a motion...

The nation’s bourse maintained bullish mood on Tuesday with the key performance indices increasing further by 1.09 per cent on gains by some blue chips. Speficially, the All-Share Index (ASI) rose by 261.12 points or 1.09 per cent to close at 24,202.87 against 23,941.75 recorded on Monday. Also, investors gained...

Capital market operators on Tuesday advised Mr Lamido Yuguda nominated as the Director-General, Securities and Exchange Commission (SEC), to prioritise  investor protection and effective implementation of capital market master plan, if confirmed by the Senate. In interviews with the News Agency of Nigeria  (NAN) in Lagos, the operators said Yuguda...

The Court of Arbitration for Sport (CAS) has set aside three days in June to hear Manchester City’s appeal against a two-year ban from European competition for breaching fair play rules. Updated listings posted on the Switzerland-based court’s website on Tuesday set a June 8 to June 10 date. European...

The Premier League in England said on Tuesday that six people from three different clubs had tested positive for COVID-19 out of a sample of 748 individuals. The novel coronavirus tests were taken on Sunday and Monday ahead of the return to small group training. “Players or club staff who...

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy. Emefiele gave the advice on Tuesday in a virtual meeting with the Chief Executive Officers (CEOs) of conglomerates in Nigeria. He said...

The Federal Government will give priority attention to long-distance races in the 2021 budget with plans to revamp two training camps in Nigeria. Minister of Youth and Sports Development, Mr Sunday Dare, announced this at a virtual meeting with the coaches, the private sector and other stakeholders on Tuesday in...

  The Chairman, Delta State Investments Development Agency (DIDA), Mr Paul Nmah, says the agency will continue to attract more Foreign Direct Investments (FDIs) as well as Domestic Direct Investments to the state. Nmah gave the assurance when he led the management team of the agency to the site of...

Adamawa State Executive Council has approved a downward review of the 2020 budget by 24 per cent, affecting only the capital expenditure and overhead costs. The Commissioner for Information and Strategy, Dr Umar Pella, disclosed this shortly after an Extraordinary meeting of the council presided over by Gov. Ahmadu Fintiri...

The Chartered Institute of Stockbrokers (CIS) on Tuesday announced Mr Olatunde Amolegbe, as its new President and Chairman of the Governing Council. He succeeded the incumbent President, Mr Adedapo Adekoje at the institute’s maiden virtual Annual General Meeting (AGM). Amolegbe, an accomplished investment analyst, and a Fellow of the Institute...