archiveMay 2020

The Nigerian Stock Exchange (NSE) trading indices on Thursday lost N29 billion or 0.22 per cent, with market capitalisation closing at N13.115 trillion compared with N13.144 posted on Wednesday. The News Agency of Nigeria (NAN) reports that the long run of successive gains in previous trading were halted by profit-taking....

  The Federal Government of Nigerian has said that hotels and schools will be used for isolating COVID-19 patients in the event of overflow of hospitals and thereby asked schools and hotels to be prepared. Minister of Health, Dr. Osagie Ehanire revealed this on Thursday in Abuja during a press...

AIICO Insurance Plc on Thursday announced a Gross Written Premiums of ₦17.6 billion for first quarter of 2020, indicating 23 per cent increase from N14.3 billion recorded in the same period of 2019. The Company’s spokesman, Mr Ademola Adenekan, said in statement that the growth was driven by the group’s...

 The Central Bank of Nigeria (CBN) has predicted negative Gross Domestic Product (GDP) growth for the country in the second quarter (Q2) 2020 owing to COVID-19 pandemic that had affected the economy. The CBN Governor, Mr Godwin Emefiele, made the prediction while fielding questions from journalists after the Monetary Policy...

 The Central Bank of Nigeria (CBN) has predicted negative Gross Domestic Product (GDP) growth for the country in the second quarter (Q2) 2020 owing to COVID-19 pandemic that had affected the economy. The CBN Governor, Mr Godwin Emefiele, made the prediction while fielding questions from journalists after the Monetary Policy...

People’s Democratic Party (PDP) has described President Mohammadu Buhari penchant for loans as equal to putting the country on the international auction market, and the party is seeking the intervention of the parliament to stem the trend. In a series of tweets on Thursday, following the latest request by the...

Primero Transport Services Ltd., operator of the Lagos Bus Rapid Transit (BRT) says it has secured approval to increase its fares across all routes with effect from Friday to keep serving the people. The News Agency of Nigeria (NAN) had earlier reported that the BRT operator had withdrawn its services...

  show of continued marginalization of some sections of the country   The Member representing Etinan/Nsit Ibom/Nsit Ubium Federal Constituency and Chairman House Committee on Judiciary, Mr Onofiok Luke, has expressed dissatisfaction with Mr President’s proposal for the replacement of the Acting Director-General of the Security and Exchange Commission ,...

As stakeholders ramp up efforts to contain the spread of the COVID-19 pandemic, the Federal Government is expanding access to Water, Sanitation and Hygiene facilities as one of Nigeria’s most effective weapons against infectious diseases, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this on Thursday in Abuja...

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it is investigating alleged cases of corruption in the management of COVID-19 funds and palliatives. The commission’s Director of Operations, Mr Akeem Lawal, disclosed this during a virtual meeting of stakeholders on the topic, “COVID-19 Funds Management and Monitoring”,...