archiveJuly 2020

Lagos State Government has said it spends between N100,000 and N1m daily on each of the COVID-19 patients in the state. The Commissioner for Health, Professor Akin Abayomi, disclosed this at a media briefing on Thursday. Abayomi explained that for mild and moderate cases, the state government spends averagely about...

First Bank of Nigeria Ltd. has offered to give financial support to Small and Medium Enterprises (SMEs) in the education sector to cushion the effects of the COVID-19 pandemic. Mr Bankole Adediran, Head, Transaction Banking Products, FirstBank, made this known at the bank’s SMEConnect webinar with theme: “Managing Your School...

The Minister of Communications and Digital Economy, Dr Isa Pantami, has inaugurated six completed projects across the country under the digital economy sector. The inauguration, which was done virtually by Pantami on behalf of President Muhammadu Buhari were geared toward supporting the developing a digital Nigeria. The Minister noted that...

Cadbury Nigeria Plc on Thursday released its half-year report for 2020., indicating that it recorded 18 per cent decline in its turnover or N3.538 billion as it made N15.917 billion in the review period as against N19.455 billion in the corresponding period of 2019. The company recorded Profit Before Income...

The Senate ad hoc committee investigating the misappropriation of funds in the Niger Delta Development Commission said on Thursday said the agency spent N1.3 trillion in four years. In the report read on Thursday by the Senate Committee Chairman, Senator Olubunmi Adetunmbi, the NDDC spent the N1.3 trillion between 2015...

The Federal Inland Revenue Service (FIRS) has said that landlords and property agents in Nigeria now have the backing of the law to charge a 6 per cent stamp duty on every agreement executed with clients for lease and tenancy purpose, Money Deposit Banks (MDBs) will collect the duties at...

Women in Southern Kaduna, Kaduna State, have embarked on a nude protest over the incessant killings in the region. Southern Kaduna, predominantly occupied by Christians, has witnessed more ethno-religious violence than any region in Nigeria's North. Last Sunday, 16 people were reportedly killed in an attack by yet to be...

The key market indicators of the Nigerian Stock Exchange (NSE) on Thursday posted first gain for the week, appreciating by 1.40 per cent. Specifically, the market capitalisation rose by N177 billion or 1.40 per cent to close at N12.787 trillion compared with N12.610 trillion. Also, the All-Share Index improved by...

The Senate on Thursday called on the Interim Management Commitee (IMC) of the Niger Delta Development Commission(NDDC) to refund the N4.923 billion payments, made to staff and contractors in breach of procurement process. It said that the refund should be made to the NDDC’s Account with immediate effect. The resolution...

The Osun House of Assembly on Thursday screened Gov. Gboyega Oyetola’s nominees for the positions of Commandant and Governing Board Chairman of Osun Security Network and Amotekun Corps. The News Agency of Nigeria (NAN) recalls that the names of the nominees were forwarded to the Assembly on Tuesday for confirmation...