archiveSeptember 16, 2020

The International Air Transport Association (IATA) said on Wednesday based on the effect of coronavirus crisis on air travel, Nigerian and other African economies may lose 3.5 million aviation jobs, triggering a contraction of continental Gross Domestic Product (GDP) by $35 billion at end of 2020. Until the pandemic outbreak,...

  The Department of Petroleum Resources (DPR) says it generated a total sum of N742,471,639,376. 96 billion for the Federal Government from  January to August 2020. Mr Sarki Auwalu, Director, DPR  made the disclosure during a visit of the Federal House of Representatives Committee on Petroleum Resources (Upstream) to the...

Nigeria Security and Civil Defence Corps (NSCDC) says it has deployed no fewer than 13,3111  personnel alongside 60 sniffer dogs to ensure security during the Sept. 19 Edo governorship election. Mr Abdullahi Gana, Commandant General NSCDC, disclosed this in a statement made available to the  News Agency of Nigeria (NAN)...

  The Federal Executive Council (FEC) has approved the transmission of a Proceeds of Crime Recovery and Management Agency Bill to the National Assembly to facilitate the establishment of an Agency for recovered assets. The Attorney General and Minister of Justice, Abubakar Malami, stated this when he briefed State House...

The Nigerian Stock Exchange (NSE) extended losing streak on Wednesday,  with a loss of 0.19 per cent, amid sell pressure. The NSE All-Share Index shed 47.65 points or 0.19 per cent to close at 25,550.31 compared with 25,597.96 recorded on Tuesday. Similarly, the market capitalisation which opened at N13.354 trillion...

Sensitive materials for the conduct of Saturday’s governorship election in Edo arrived the Central Bank of Nigeria (CBN), office in Benin on Wednesday. Mr Timidi Wariowei, the INEC Head of Voter Education and Publicity in Edo, confirmed the arrival of the materials to newsmen. “The materials for the conduct of...

The Nigeria Labour Congress (NLC) has given the Federal Government two weeks to reverse the increases in the price of petrol and electricity tariffs or face industrial action from 28 September 2020. This comes as the Federal Government expressed optimism about an early resolution of the brewing industrial crisis. The...

  Over 85 Civil Society Organisations (CSOs) held a crucial meeting in Port Harcourt, Rivers State on Wednesday and called on the National Assembly to urgently review the amended Company and Allied Matters Act (CAMA) 2020. The CSOs, which met under the auspices of Action Group on Free Civic Space...

  The U.S. government has said that it is reevaluating its ban on some categories of Migrant Visas for Nigerians having been satisfied with the country’s level of compliance with information sharing and other concerns. Permanent Secretary, Ministry of Foreign Affairs, Mr. Mustapha Sulaiman, disclosed this while briefing journalists at...

  The Group Managing Director, Access Bank Plc, Mr Herbert Wigwe, has said that banks need to partner state governments to resolve the country’s power issue to achieve sustainable growth and development. Wigwe said this on Wednesday, at the 13th Annual Banking & Finance Conference of the Chartered Institute of...