archiveSeptember 2020

 The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474 trillion against N13.407 trillion recorded on Tuesday. Also, the NSE...

Hands over Agbowo Shopping Complex for remodeling Oyo State Governor, Engineer Seyi Makinde, on Wednesday, flagged off the construction of 360 Housing Units at the Ajoda New Town Estate, located on the New Ibadan-Ife Expressway. The estate, which is estimated to cost about Two Billion, Five Hundred Million Naira (N2.5...

Mr Francis Nwosu, the Executive Secretary of the Nigerian Press Council (NPC) on Wednesday, promised to promote high professional standards for the Nigerian press. Nwosu gave the assurance when he received members of the Civil Society Groups for Good Governance (CSGGG) in his office in Abuja. He said that the...

Dangote Cement Plc. says it has established a very strong platform for future growth and consolidation of the company across the African Continent. Mr Michel Puchercos, the Group Managing Director and Chief Executive Officer of the company,  said this at the virtual Facts Behind the Figures (FBF) and Facts Behind...

Okays N12.088 billion for construction of Umuahia/Bende/Ohafia road   The Federal Executive Council (FEC) on Wednesday approved contract of about $1.96 billion for the development of the proposed Kano-Jigawa-Katsina-Jibia to Maradi Niger Republic rail line and another N12.088 billion Umuahia/Bende/Ohafia road with a distance of 45 kilometers. The Ministers of...

    Approves purchase of 52 operational ‘Black Maria’ vehicles for prisons The Federal Executive Council (FEC) on Wednesday approved N745 million for the hiring of additional forensic field auditors for the audit of the Niger Delta Development Commission (NDDC) even as it has approved purchase of 52 operational ‘Black...

In a move to fulfil one of the key campaign promises of the current administration, the Federal Government of Nigeria on Wednesday calls for buyer for one of the jets in the presidential fleet. In a newspaper advertorial, the Federal Government directed interested buyers to submit a refundable bank draft...

The Federal Government will meet with the organized labour on Thursday to resolve the impasse caused by the recent increase in the pump price of petrol and electricity tariff. The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) had on Tuesday resolved to organize a nationwide protest against the...

  The Minister of Environment, Dr Mohammed Mahmood, has pledged the Federal Government’s commitment to training of beneficiaries of high-pressure polyurethane foaming machines to create more jobs. Mahmood made the pledge during inauguration and hand over of four sets of portable high-pressure polyurethane foaming machines to beneficiary companies in Lagos....

 Four years after her petitions against Guaranty Trust Bank (GTB) over alleged illegal withdrawals of 11,765 Euro from her account, a bank customer, Mrs Gbemi Erinoso-Babalola, has expressed concern over the inability of the EFCC and CBN to investigate the matter. Erinoso-Babalola, a director at the News Agency of Nigeria...