archiveJune 2021

 The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday said the management of the microblogging platform, Twitter, has reached out to the Federal Government for discussion over the recent suspension order slammed on it. The Minister revealed this to State House correspondents after the weekly meeting of the...

  The House of Representatives has asked the Central Bank of Nigeria (CBN) to urgently put in place a policy to check further devaluation of the naira to the dollar and other international legal tenders. The House decried the situation whereby the Nigerian currency is losing value while others in...

The Senate has passed for second reading, two bills seeking to establish a Federal University of Agriculture and Technology in Aboh (Delta State, and Araromi Obu (Ondo State), respectively.  The bills are sponsored by Senators Peter Nwaoboshi (PDP, Delta North); and Nicholas Tofowomo (PDP, Ondo South).   Nwaoboshi in his lead...

 The bulls returned on the Nigerian stock market on Tuesday with investors’ net worth appreciating by N102 billion on bargain hunting.The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & gas sector stocks. Specifically, the market capitalisation rose by N102 billion to close...

In order to improve electricity supply around Ibeju-Lekki area in Lagos and Agbara Industrial area in Ogun State, the Niger Delta Power Holding Company (NDPHC) and Eko Electricity Distribution Company Plc (Eko Disco), have signed a bilateral agreement for the sale of up to 300MW of power from NDPHC’s power...

clarifies state's position on payment of sacked LG chairmen Oyo State Governor, 'Seyi Makinde, has stated that fiscal federalism and devolution of powers remained the only ways to take Nigeria away from the edge of the precipice. The governor, who stated that true federalism is the future of democracy in...

The Senate on Tuesday commenced amendment of Nigeria’s copyright laws in a direction that seeks stiffer punishment for violators and persons involved in piracy.  The move to amend the country’s copyright laws followed the consideration of a bill to that effect which seeks to repeal and re-enact the Copyright Act...

  The MasterCard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC) to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent....

The Senate has passed the Nigerian Postal Service (Repeal and Reenactment) Bill, 2021, which seeks to unbundle the agency to ensure efficiency in service delivery.   Also passed during plenary on Tuesday was a bill to enact the Medical and Dental Practitioners Bill to establish the Medical and Dental Professions in...

The Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC) on June 3, 2021, arrested one  Emmanuel Obiyan for allegedly obtaining money by false pretence and diversion of fund to the tune of N77, 773, 700 (Seventy-seven Million, Seven Hundred and Seventy Three Thousand, Seven Hundred Naira). The complainants,...