archiveFebruary 10, 2021

approves N9.4bn to complete digital switch-over The Federal Executive Council (FEC) on Wednesday approved a new Medium-Term Debt Management Strategy (MTDS) for Nigeria from 2020-2023. Under the new borrowing guide, the Federal Government has capped the total public debt at not more than 40 per cent of the Gross Domestic...

President of the Senate, Ahmad has appealed to all Nigerians to take whatever issues they feel strongly about to the National Assembly especially now that the process of the Constitutional review is in progress. Lawan made the appeal on Wednesday when a delegation of the Enugu state Committee on the...

As Lawan warns politicians against ethnicising banditry, kidnapping The Senate has urged the Federal Government to immediately review the ECOWAS protocol of free movement as a way to checkmate the infiltration of criminal elements into the country. The call on the Buhari-led administration was made amidst resolutions reached by the...

  The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N426 billion in about six hours of trading. Consequently, the market capitalisation which opened at N21.715 trillion shed N426 billion or 1.96 per cent to close at N21.289 trillion due to massive...

    Gov. Ifeanyi Okowa of Delta, has commended the Chairman of Zenith Bank PLC, Mr Jim Ovia, for his contributions to humanity and the development of Nigeria. The governor, gave the commendation on Wednesday, at the Government House, Asaba, when Ovia paid him a condolence visit over the death...

 US drug firm, Pfizer, has announced a partnership with IDA Foundation, an independent social enterprise providing essential medicines to low-and middle-income countries, to provide equitable access to quality cancer treatments, the firm said on Wednesday. The agreement covers the delivery of the cancer treatments in almost 70 developing countries across...

 Ports & Cargo Handling Services, a subsidiary of SIFAX Group, is targeting 300,000 Twenty-foot Equivalent Units (TEUs) cargo capacity for 2021. Mr John Jenkins, Managing Director, Ports & Cargo Handling Services, disclosed this in a statement in Lagos on Wednesday. A TEU or Twenty-foot Equivalent Unit is an exact unit...

  Bauchi State Government announced, on Wednesday, that it would privatise all its 20 ailing industries. The State Commissioner for Commerce and Industries, Hajiya Maryam Bagel, announced this while briefing newsmen on the outcome of the state executive council meeting in Bauchi on Wednesday. Bagel said that the state executive...

  An Abeokuta High Court, on Wednesday, sentenced a 29-year-old man, Yusuf Makinde, to death by hanging for armed robbery. Makinde, whose address was not given, was convicted on a count charge of armed robbery. In her judgment, the Chief Judge of Ogun, Justice Mosunmola Dipeolu, held that all the...

The Economic and Financial Crimes Commission (EFCC) said it has arrested 39 suspected internet fraud suspects, more commonly known as ‘Yahoo Boys’ in Ilesha and Ago-Iwoye areas of Osun and Ogun states respectively. The EFCC said on Wednesday that the suspects were arrested by its Ibadan zonal office on Tuesday,...