archiveAugust 2020

Operatives of the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, has arrested a serving military personnel, Lance Corporal Ajayi Kayode and 26 others for alleged internet fraud in the Lekki axis of Lagos State. Kayode, with service number NAF18/34732, was arrested in his military attire during an early...

  Former Minister of State for Education, Olorogun Kenneth Gbagi, has described ex-President Ibrahim Badamasi Babangida as a detribalised leader and elder-statesman whose name commands respect in Nigeria’s political class circle. Gbagi stated this in a statement released to the media on Monday to felicitate with the former President on...

The Police Command in Kano State, says it has arrested a housewife (name withheld), for allegedly incacerating her stepson for 15-years. The Spokesman of the Command, Mr Abdullahi Haruna, a DSP, confirmed the arrest in a statement on Monday in Kano. Haruna said that the woman was arrested after the...

The Securities and Exchange Commission (SEC) will host the first Capital Market Committee (CMC) meeting in 2020 from Thursday August 20 to Friday August 21, 2020. The CMC meeting planned for April 2020 could not hold owing to the prevailing lockdown imposed by the FGN during the period. Due to...

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments. Market capitalwithion, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close at N13.110 trillion. Also, the All-Share Index (ASI) lost 67.17 points...

Minister of Aviation, Hadi Sirika, said on Monday that international flights will resume at the Lagos and Abuja airports from August 29. The Minister said that Murtala Muhammed International Airport Lagos and Nnamdi Azikiwe International Airport Abuja would be the first airports to begin the flights. According to him: “Glad...

The National Bureau of Statistics (NBS), says Nigeria’s inflation rate has increased by 12.82 per cent (year-on-year)  in July 2020.  This is according to the Consumer Price Index (CPI) for July 2020 report released on the NBS website on Monday. The CPI measures the average change over time  in prices...

  The Federal Government of Nigeria’ officials signed empty repayment loan documents for the development of the Nigeria Rail sector even before the terms of the loans were negotiated. The House of Representatives which revealed this on Monday also revealed that it discovered that the Ministry of Transportation signed a...

The Director-General of the Nigeria Centre for Disease Control (NCDC), Dr. Chikwe Ihekweazu Monday revealed that the numbers of COVID-19 positive cases in some states have started to drop. The States; are Lagos, Kano, FCT, Plateau, and Borno state. He explained that the reason for the reduction in the positivity...

The Auditor-General for the Federation, Mr Anthony Ayine has described as `scandalous and embarrassing’, a report alleging that the Vice President Yemi Osinbajo and him connived and withdrew N10 billion from the NHIS account. A statement signed by Ayine on Monday in Abuja, advised the general public to ignore and...