archiveJuly 22, 2020

The Federal Executive Council (FEC) has approved the establishment of the Nigerian Youth Investment Fund (NYIF) to the tune of N75 billion. The NYIF, also tagged ‘the Youth Bank’, would create a finance support base for creativity and innovation of Nigerian youths within the age range of 18 and 35...

…As Senate adjourns till September 15 President of the Senate, Ahmad Lawan, has said that nobody is above the scrutiny of the National Assembly. Lawan stated this in his closing remarks moments before the Upper Chamber adjourned plenary till September 15, 2020. Speaking on the gains of a harmonious working...

Trading at the nation’s bourse closed flat on Wednesday with the All-Share Index (ASI), which opened at 24,174.45, closing at 24,173.53. The News Agency of Nigeria (NAN) reports that the ASI dropped by just 0.92 points or 0.004 per cent. Similarly, the market capitalisation lost one billion naira to close...

…urges MDAs to pay debts, make budgetary provision for power consumption in 2021 The Senate on Wednesday called for the review of the Power Sector Reform Act 2005. According to the upper chamber, a new and more dynamic Electricity Act would among others, “consolidate the roles of regulators and policy...

The Christian Association of Nigeria (CAN) Kaduna State chapter, has called on President Muhammadu Buhari-led federal government to take proactive steps towards finding a lasting solution to the incessant killings in Southern Kaduna. The association expressed concern that the federal government instead of stepping in to find a lasting solution...

The Naira on Wednesday dipped slightly against the dollar at the investor’s window, closing at N388.7 to a dollar from N388.50 traded on Tuesday. Market turnover at the investor’s window stood at 29.77 million dollars, shedding 8.95 million dollars from 38.72 million dollars recorded on Tuesday, representing 23.11 per cent...

The trial of former Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu before Justice Ahmed Ramat Mohammed of Federal High Court, Abuja was on Wednesday, July 22, 2020, adjourned till October 14, 2020 for ruling on the admissibility of the testimony, which he gave as prosecution...

The Economic and Financial Crimes Commission (EFCC) has secured the final forfeiture of five houses and a total sum of N46.060 million belonging to Hima Aboubakar and Societe D’ Equipment International Nigeria Limited, to the Federal Government. The assets are suspected to be proceeds of unlawful activities. The final forfeiture...

California has become the U.S. state hardest hit by the coronavirus disease, according to data compiled by John Hopkins University. The statistics shows that there were no fewer than 409,000 confirmed cases in the state as of Wednesday morning. This is 1,000 cases higher than those of New York, the...

The Senate on Wednesday confirmed the nomination of 39 non-career and one career ambassadors for Nigeria. President Muhammadu Buhari had on July 1, 2020 in a letter requested the upper chamber to confirm the appointment of 41 non-careers ambassadors-designate. The confirmation of the nominees was sequel to the consideration of...