archiveJune 2020

Secretary to the Government of the Federation and Chairman of the Presidential Task Force (PTF) on COVID-19, Boss Mustapha has lamented the flagrant disregard for the protocols developed by the PTF to contain the spread of the virus, stressing that some persons are “already romancing with Covid -19 in the...

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, says the Federal Government will create and save no fewer than five million jobs from its Post-COVID-19 economic recovery plans. Adebayo disclosed this in a statement signed by his Special Assistant on Media and Publicity, Mr Julius Toba-Jegede on Thursday...

The International Finance Corporation (IFC), of the World Bank Group, has announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB), Limited for lending to Small and Medium Enterprises (SMEs). In a statement by IFC on Thursday made available to the News Agency of Nigeria (NAN) in Lagos,...

Nigerian Insurers Association (NIA) says the volume of business written by the insurance sector rose by 15.55 per cent to N490 billion in 2019. Mr Tope Smart, Outgoing Chairman of the association, said at the association’ s virtual 49th Annual General Meeting (AGM) on Thursday that the figure was a...

Bears continued to dominate trading on the nation’s bourse on Thursday with the market capitalisation shedding N16 billion. Specifically, the market capitalisation, which opened at N12.861 trillion, lost N16 billion or 0.12 per cent to close at N12.845 trillion. In the same vein, the All-Share Index dipped 29.81 points or...

Governor Godwin Obaseki of Edo State has emerged the Peoples Democratic Party (PDP) candidate for the September 19 governorship election in the state. The Party made this known on Thursday at the end of its primary held at the Samuel Ogbemudia International Stadium Benin City. At the election today was...

The Minister of Power, Mr Sale Mamman, says the Federal Government has begun repositioning the power sector towards a holistic realignment for effective delivery of electricity to Nigerians. The News Agency of Nigeria (NAN) reports that Mamman said this during a virtual meeting with the African Development Bank (AfDB) in...

Justice Nnamdi Dimgba of a Federal High Court sitting in Abuja, on Thursday, June 25, 2020, ruling on the " No case” submission, filed by former Minister of Interior, Abba Moro and four others, upheld counts two, four, five and 11 in the 11- count charges preferred against them by...

The Minister of State for Education, Mr Emeka Uwajiuba, says the ministry now has sufficient information to make decision on school reopening. He however said that such information and decision would have to be presented to the Presidential Task Force (PTF) on COVID-19. The minister said this at the Presidential...

Dubai Police have seized Dh150 million ($40.9 million) in cash and more than a dozen luxury cars in the arrest of an Instagram celebrity, Raymond Abbas, known as Hushpuppi, who has been accused of online fraud and money laundering. The police in their investigation discovered that Hushpuppi and gang have...