archiveJuly 21, 2020

The newly inaugurated President of the Chartered Insurance Institute of Nigeria (CIIN) Mr Muftau Oyegunle, on Tuesday said that he would focus on a six-point agenda to meet the demands of members. Oyegunle said this at his investiture as the 50th President of the Institute in Lagos, held virtually. He...

Activities on the Nigerian Stock Exchange (NSE) on Tuesday maintained negative sentiment, with the All-Share Index (ASI) declining further by 0.39 per cent. Specifically, ASI, which opened at 24,269.58, dipped 95.13 points to close at 24,174.45. Similarly, the market capitalisation shed N50 billion or 0.39 per cent to close at...

Prof. Sheriffdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun, on Tuesday said retaining the benchmark interest rate at 12.5 per cent could fuel inflation. Tella told the News Agency of Nigeria (NAN) in his reactions to the outcome of the Monetary Policy Committee meeting of the...

The Nigerian Airspace Management Agency (NAMA) has described as untrue, insinuations in some quarters that Nigerian airports would reopen for international flights in October. Khalid Emele, General Manager, Public Affairs, NAMA, made this known in a statement in Lagos on Tuesday. He said: “Following the receipt of an All Operators...

Nigeria has received $890 million grant from Global Fund to reduce the burden of HIV, Tuberculosis and Malaria over an implementation period of three years, beginning from 2021 to 2023. Dr Osagie Ehanire, Minister of Health, announced the receipt of the grant at a news conference on Tuesday in Abuja....

Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey of 50 African asset-managers for the African Exchanges Linkage Project (AELP) project. According to press statement by the Nigerian Stock Exchange (NSE), “key factors when...

The Buhari administration’s business reforms through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and foreign investments in the country, according to the Vice President Yemi Osinbajo. Prof. Osinbajo spoke on Tuesday at a virtual meeting of the PEBEC to review the state of...

…wants Almajiri education integrated into Educational system The Senate on Tuesday passed a bill to give legal backing to the establishment of the Nigerian Army University, Biu, Borno State. The passage of the bill followed a clause-by-clause consideration of the report of the Committee on Nigerian Army. Chairman of the...

Justice Mohammed Abubakar of the Federal High Court sitting in Abeokuta, Ogun State, on Monday, July 20, 2020, handed different jail terms to five internet fraudsters. The convicts, Sodiq Adeleke Adeyinka; Sambo Muhammed Abiodun; Adegoke Agboola, Kehinde Quadri Oladimeji and Daniel Praise, were prosecuted by the Ibadan Zonal Office of...

Last week, Vice President Yemi Osinbajo, SAN headlined the Virtual Edition of the Annual MSMEs Awards and few days after, all the winners have now taken delivery of their cars, cheques and award plaques. A total of 12 winners emerged at 3rd edition of the National Micro, Small and Medium...