archiveSeptember 7, 2020

Egypt has announced the discovery of a collection of more than 13 intact sealed coffins, dating back to 2,500 years ago. The coffins were found at an archaeological site in Saqqara necropolis in Giza, said the Egyptian Ministry of Tourism and Antiquities in a statement. The coffins, along with three...

Special Adviser to the President Muhammadu Buhari on Media and Publicity, Femi Adesina, has said that the Federal Government will spend N2.3 trillion to reposition the nation’s economy as part of the Nigeria Economic Sustainability Plan to cushion the effects of COVID-19. Adesina, according to a statement on Sunday, said...

Reactions were mixed after Novak Djokovic’s disqualification from the U.S. Open for striking a line judge with a ball during his match against Pablo Carreno Busta on Sunday. Following the incident, the U. S. Tennis Association (USTA) issued a statement saying that Djokovic would lose all the ranking points earned...

  President Muhammadu Buhari’s removal of subsidy on petrol and electricity is to “stop the mismanagement of taxpayer money” and “eliminate corruption associated with subsidies,” his spokesperson, Mr Garba Shehu, said in a statement. The removal of the subsidy which has led to the increase in petrol and electricity prices...

The Nigerian Stock Exchange (NSE) is hosting a virtual training session for prospective derivatives products market participants on Tuesday, 8 September 2020. According to a statement from The Exchange, the organization is hosting the session because “the COVID-19 pandemic has metamorphosed into economic crisis for countries and financial markets that...

Oyo State governor, Engineer Seyi Makinde, has brought his private sector experience to bear in developing the state, former Minister of Aviation, Chief Femi Fani-Kayode has said. Fani-Kayode, who stated this while addressing newsmen in Ibadan, the Oyo State capital, after completing a tour of major projects being undertaken by...

The half-year result of Fidelity Bank Plc released to the Nigerian Stock Exchange (NSE) late last week has shown that  the bank’s Profit Before Tax (PBT) increased to N12 billion, 22 per cent higher than  N9.8 billion achieved in same period of 2019 while net profits rose by 33 per...

  The Nigeria Purchasing Managers’ Index (PMI) for August has indicated that recovery in the private sector fared better in the month as the Index rose to 54.6, up from 50.4 in July. Readings above 50 signal an improvement in business conditions on the previous month, while readings below 50...

  Financial Derivatives Company (FDC) Limited, a Lagos based investment advisory firm, has said that mobilization of savings for investment purposes will remain a mirage as long as savings and deposit interest rates remain 11 per cent below the inflation rate. The firm in its latest executive breakfast session presentation...

  Nigeria has recorded 100 new cases of coronavirus. A tweet from the Nigeria Centre for Disease Control (NCDC) on Sunday night revealed that 39 of the cases were recorded in Lagos, 22 in the Federal Capital Territory (FCT), and Kaduna State recorded 19 cases. The new cases bring the...