archiveOctober 12, 2021

The Senate has urged the Federal Ministry of Finance to, as a matter of urgency, release adequate funds to the Federal Road Maintenance Agency (FERMA) for the purpose of carrying out emergency repairs on all federal roads in the country. This was even as the chamber called on the Federal...

  Our attention has been drawn to statements and reports in the media mis-characterising as a call for devaluation, the view of Vice President Yemi Osinbajo, SAN, that the Naira exchange rate was being kept artificially low. Prof. Osinbajo is not calling for the devaluation of the Naira. He has,...

  A PDP chairmanship candidate in Lagos State, Dr Adetokunbo Pearse, on Tuesday promised to set up N1 billion fund to build a state secretariat for the party if elected at the Oct. 16 congress.Pearse, a University of Lagos lecturer, made the pledge in an interview with the News Agency...

The Minister of Federal Capital Territory (FCT), Malam Muhammad Bello, has advocated a special revenue status for the territory to meet up with its infrastructure quest. Bello made the call at an advocacy and sensitisation meeting on the review of the existing revenue allocation formula on Tuesday, in Abuja. The...

The novel coronavirus has killed at least 4,853,570 people since the outbreak emerged in China in December 2019, according to a tally from official sources released on Tuesday. At least 238,150,550 cases of coronavirus have been registered. The vast majority have recovered, though some have continued to experience symptoms weeks...

The city of Abeokuta was agog with golfers, caddies, gallery, other sports lovers and indigenes as the four kingdoms of Egbaland – Alake, Agura, Oke-Ona and Olowu engaged in a tee battle that attracted thousands of people to the second edition of the King’s Cup Golf tournament. Bigi, Nigeria’s favorite...

  The Economic and Financial Crimes Commission (EFCC) Gombe Zonal Command, on Monday October 11, 2021 arraigned one Gideon Ngwen, a lawyer, before Justice C. L. Dabup of Plateau State High Court, Jos, on a three count charge bordering on criminal breach of trust and misappropriation. He allegedly converted the...

The Senate on Tuesday commenced debate on the 2022 appropriation bill presented to the National Assembly last week by President Muhammadu Buhari. President of the Senate, Ahmad Lawan, who presided over plenary, said the debate on the bill which is slated for two days continues on Wednesday, October 13, 2021....

The Economic and Financial Crimes Commission (EFCC) today, Tuesday, October 12, 2021 arraigned a former Vice Chancellor of Federal University Gusau, Professor Magaji Garba before Justice Maryam Hassan Aliyu of the Federal Capital Territory High Court, Jabi Abuja on a five count charge bordering on obtaining money by false pretence...

By Lukman Otunuga, Senior Research Analyst at FXTM One of the major themes dominating global markets is the recent surge in oil prices. Brent and WTI crude have appreciated to multiyear highs this month thanks to the combination of tightening supplies and rising demand. The explosive appreciation in oil is...