archiveMay 18, 2021

 The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions.Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to close at N20.339 trillion. Also, the All-Share Index lost 283.95 points or 0.72 per cent...

 Edo Gov. Godwin Obaseki says the state is set to benefit from a U.S. government’s financing to the tune of 250 million dollars for oil palm and cassava value chain development.Obaseki said that the facility would also be invested in special agro-processing zones and renewable energy infrastructure in Edo. The...

  The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the apex bank plans the cultivation of one million hectares of rice in the 2021 farming seasons, to boost food security. According to information in CBN’s official Twitter handle, Emefiele made the statement while unveiling rice...

 The Federal Government has waded into ongoing strike and picketing in Kaduna State by the organised labour.The Minister of Labour and Employment, Sen. Chris Ngige  said this in a statement signed by Mr Charles Akpan, Deputy Director, Press and Public Relations in the ministry, on Tuesday in Abuja. The News...

The University of Lagos (UNILAG) attracted N12 billion research grants in the past three and half years,  the Vice-Chancellor, Prof. Oluwatoyin Ogundipe has said. Ogundipe made the disclosure in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos on the sidelines of a public presentations of...

  The Lagos Commodities and Futures Exchange (LCFE) has screened Agvest Ltd. for listing of its N5 billion cashew nut contracts by diversified financial instruments. The financial instruments would be offered to the investing public through Commercial Papers (CP) and short term Exchange Traded Nites (ETN). Agvest’s Managing Director, Mr...

The Senate has urged the Federal Ministry of Education, Joint Admissions Matriculation Board (JAMB), and the National Identity Management Commission (NIMC), to immediately review the implementation of the policy which makes it compulsory for UTME candidates to provide their National Identity Numbers (NIN) during registration. The review, according to the...

The Senate has received a request from President Muhammadu Buhari to approve donor fund projects under the 2018-2020 Federal Government External Borrowing (Rolling) Plan. The request was contained in a letter addressed to the Senate President, Ahmad Lawan, dated 6th May, 2020, and read during plenary. According to President Buhari,...

  *Business expectation and confidence level positive - Report *General business activity very high *Ease of Doing Business enabling *Report, a confirmation of Makinde's business-friendly policies - Economic Adviser   Business outlook for Oyo State has been described as positive, with the confidence rating for businesses in the state standing...

The Senate has called on the Federal Government to, as a matter of urgency, set up a committee to rescue communities in Ondo State affected by ocean surge. The upper chamber made the call in a resolution reached on Tuesday after it considered a motion titled “Another Cry to Rescue...