archiveJanuary 26, 2022

    …gives one-week ultimatum    The Senate has given the management of the Nigeria Liquefied Natural Gas Limited a one-week ultimatum to appear before its committee on Ethics, Privileges and Public Petitions or face the consequences for failing to do so.   The summons was issued on Wednesday by...

The Managing Director, Morgan Capital Securities Limited and an economic analyst, Mr Rotimi Olubi, has said that electioneering for 2023 general elections in Nigeria will further increase foreign portfolio outflows and cause Foreign Portfolio Investors (FPIs) to remain on the sidelines. Olubi said this at a forum organised by the...

The Senate on Wednesday approved the sum of N215,811,290,243 billion naira as budget for the Federal Inland Revenue Service (FIRS) for the 2022 fiscal year. The approval followed the consideration of a report by the Committee on Finance during plenary. Chairman of the Committee, Senator Solomon Olamilekan Adeola (Lagos West),...

The Federal Government has disclosed that it will amend its relevant statutes and code to enforce the operational conditions of Twitter in Nigeria on other social media platforms. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this in Cairo at a meeting with his counterpart, Egypt Minister of...

  The Presidency on Wednesday said Nigeria will have to pay a price to continue subsidising Premium Motor Spirit, popularly called petrol, adding that the country may be left with no other choice than to continue borrowing to shoulder its fiscal overhead. The President’s Special Adviser on Media and Publicity,...

    The Senate on Wednesday passed the Nigerian Meteorological Agency Bill, 2022 to provide for the regulation of meteorology in Nigeria.   The passage of the bill was sequel to the consideration of a report by the Committee on Aviation during plenary.   Chairman of the Committee, Senator Smart...

directs Oyo CP to submit details of Police victims awards scholarship for 23-year-old victim Oyo State Governor, ‘Seyi Makinde, on Wednesday, received the report of the Oyo State Judicial Panel of Inquiry into police brutality and other related matters, that was set up by the state in the aftermath of...

Fitch Ratings has affirmed Ecobank Nigeria Limited's (ENG) Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to 'F2(nga)' from 'F3(nga)'. According to Fitch, the IDRs of Ecobank Nigeria are driven by its standalone creditworthiness, as expressed by its...

  *Catholic Women Organisation of Nigeria visits VP, commends FG, lists Buhari’s achievements President Muhammadu Buhari is determined to ensure things are done right and he is absolutely committed to the progress of the people and the country according to Vice President Yemi Osinbajo, SAN. He made this declaration when...

Investors gained N318 billion in Wednesday session on the NGX as the Market Capitalization closing the day trading sessionat N25.073 trillion, a 1.28 per cent increase from the N27.755 trillion it stood at the end of the previous trading session. The NGXASI inched up further by 1.29 per cent to...