archiveSeptember 2020

  The former chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, Mr Wale Adegbite on Wednesday faulted the new increment in electricity tariff in the country. Adegbite told the News Agency of Nigeria (NAN) in Ota, Ogun that the tariff increase was not justifiable. NAN reports that the new electricity...

 Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell. This is also on the backdrop of surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic. U.S. crude stocks fell by 6.4 million barrels,...

A well-functioning financial market is crucial for economic recovery, especially in light of the macroeconomic implications of COVID-19 in the years to come. Players in the money and capital markets must, therefore rethink product development and service delivery, to reflect the current economic climate and investors’ sentiment. This was further...

President Muhammadu Buhari is currently presiding over the 14th virtual meeting of the Federal Executive Council (FEC) at the Council Chambers of the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the Ministries of Aviation, Transportation, Justice, Communications, Health as well as Finance, Budget and National Planning...

The Nigeria Union of Electricity Employees (NUEE) says the Central Bank of Nigeria (CBN)’s directive authorising banks to ring-fence collection accounts of electricity distribution companies (DisCos) in Nigeria is counter productive. Its General Secretary, Mr Joe Ajaero, said on Tuesday in Lagos that the directive would result to operational and over head cost...

  The National Bureau of Statistics (NBS) stated on Wednesday that the country’s external merchandise trade declined by 27.30 per cent to N6.24 trillion in the second quarter of the year (Q2 2020) compared to N8.59 trillion in the preceding quarter, The performance further indicated a drop of 27.46 per...

  The Nigerian Stock Exchange (NSE) has suspended trading in six companies for not complying with corporate governance rules and best practices for listed companies that mandate them to submit their financial statements within a specified period. The suspended companies are FTN Cocoa Processors Plc; Medview Airline Plc; Niger Insurance...

A former National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, was on Tuesday involved in a car crash which left two policemen attached to his convoy dead. The crash happened when an articulated vehicle was said to have lost control and ran into Oshiomhole’s convoy near Oluku junction...

 Lionel Messi is unlikely to change his mind about leaving FC Barcelona, a presidential candidate in the Spanish club’s elections, Victor Font, has said. Messi rocked FC Barcelona last month when his lawyers told the club he wanted to activate a clause in his contract. It is a clause that...

Plateau state has continued to lead in Coronavirus (COVID-19) in the country, as the Nigeria Centre for Disease Control (NCDC) confirmed  239 new infections in the country. The NCDC made this known on its official twitter handle on Tuesday. The health agency said that 10 deaths were recorded in country....