The domestic bourse halted its bullish run on Thursday to record first loss in six consecutive trading sessions. Consequently, market capitalisation shed N13 billion to close N13.201 trillion against N13.214 trillion achieved on Wednesday. Also, the All-Share Index lost 25.85 points or 0.10 per cent to close at 25,304.25 in contrast with 25,330.10 recorded on Wednesday. Accordingly, Month-to-Date gain moderated to +2.5 per cent while the Year-to-Date loss increased to -5.7 per cent. The downturn was impacted by loses recorded in large and medium capitalised stocks, amongst which are; Dangote Cement, Fidson, Lafarge Africa, Access Bank and Zenith Bank. On…
Author: Ayo Oye
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The Minister of Information and Culture Alhaji Lai Mohammed says President Muhammadu Buhari will leave behind, the legacy of massive and sustainable infrastructure development in Nigeria. The minister stated this on Thursday during the inspection of the Loko-Oweto bridge over River Benue in Nasarawa and Benue states. News Agency of Nigeria (NAN) reports the Ministers of Works and Housing, Babatunde Fashola, Special Duties, George Akume and a team of journalists are on the inspection tour of the bridge and roads projects. Speaking at the Oweto end of the bridge which is about 104km to Makurdi in Benue state, Mohammed said…
Ntasi Centre for Sexual Assault Cases at the Enugwu Ukwu General Hospital in Anambra says it has recorded no fewer than 107 sexual assault cases.The Centre Manager, Rev. Sister Benedette Uchendu disclosed this in an interview with the News Agency of Nigeria (NAN) at Enugu Ukwu in Njikoka Local Government Area (LGA) near Awka on Thursday.Uchendu said the cases were recorded between Sept. 17, 2019 and August this year.According to her, the centre was inaugurated to help address incidents of sexual assaults in the state.She explained that the referral facility was one of the five centres established by ROLAC in…
By Harry Awurumibe, Editor Abuja Bureau The much-awaited resumption of international flights in and out of Nigeria earlier slated for Saturday, August 29 has been postponed by the Nigerian Government following the recommendation of the Nigeria Civil Aviation Authority (NCAA). A new date of September 5 has however been announced by an official of NCAA who represented the Aviation Minister, Senator Hadi Sirika who was absent at Thursday’s media briefing of the Presidential Task Force (PTF) on Covid-19 pandemic. According to the Aviation official, the postponement became necessary in order to put certain things in place for a smooth resumption…
The Federal Government on Thursday inaugurated 129 Ministries, Department and Agencies (MDAs), to be part of the first phase of Federal Public Institutions (FPIs), Digital Transformation Technical Working Groups (DT-TWGs).The inauguration was organised by the National Information Technology Development Agency (NITDA), and undertaken by Dr Isa Pantami, Minister of Communications and Digital Economy in Abuja.The group’s inauguration was to ensure that MDAs were part of the Federal Government’s agenda toward developing a digital economy.The inauguration held concurrently with the launching of the Government-to-Government Nigeria Government Enterprise Architecture (NGEA) portal,www.ngea.gov.ng which would enable the group to work in synergy.Pantami said that…
Ondo State, has reduced the school fees of the institution.This information is contained in a circular issued by Mr Opeoluwa Akinfemiwa, the Acting Registrar of the institutions on Thursday in Akungba Akoko.“I write on the directive of the Acting Vice Chancellor, Prof. Olugbenga E. Ige to inform all returning students of Adekunle Ajasin University, Akungba-Akoko that following an earlier appeal by students, and in view of the economic effect of the COVID-19 pandemic on parents and students, Gov. Rotimi Akeredolu, has directed that the university should consider a reduction in school fees in a way that quality education can still…
President Muhammadu Buhari has felicitated with President of African Development Bank (AfDB), Dr Akinwunmi Adesina, on his re-election for a second term in office. The president’s congratulatory message was conveyed by Mr Femi Adesina, the Special Adviser to the President on Media and Publicity, in Abuja on Thursday. He said the news of the victory came during the Council of State meeting, which was attended by former heads of state, Senate President, governors, former Chief Justices of Nigeria, some Ministers, and senior government officials. “As Secretary to Government of the Federation, Mr Boss Mustapha, announced the good news, President Buhari…
The management of NTA-Star TV Network Ltd. says no N200 billion revenue is missing from its finances in the course of its operations.The company disclosed this in a statement issued by Mr Lazarus Ibeabuchi, its Public Relations Manager, in Abuja on Thursday.NTA-Star TV Network Ltd. is a joint venture between the Nigerian Television Authority and the StarTimes Group.He said that the company welcomed the forensic audit on its finances and operations as requested by the Senate’s Joint Committee on Finance and National Planning.“We also want to clarify that no revenue of N200 billion is missing as gross earnings have been…
The Lagos State Government says it recorded 81 per cent of the projected revenue for the first half of 2020, in spite the scourge of COVID-19 pandemic on economic activities. The Commissoner for Budget and Economic Planning, Mr Sam Egube, disclosed this at the 2019/2020 Annual Press Conference Week Lecture, of the Lagos State Governor’s Office Correspondents (LAGOCO). The theme of the lecture is ”Rethinking Lagos fromor The Post COVID-19 Era”. Egube, the guest speaker at the event, who was represented by Mr Lekan Balogun, Senior Special Assistant to Gov. Babajide Sanwo-Olu on Economic Matters, said that the 81 per…
Nigeria recorded 621,035 drug seizures and arrests in 2019 as against 9,831 in 2018. The National Bureau of Statistics (NBS) made this known its Drug Seizure and Arrest Statistics 2019 published on its website on Thursday. The North-Central geo-political zone recorded the highest number of drug cases with 517,711.69 cases. The South-West and South-South zones followed with 44,744.13 and 28,885.85 cases recorded respectively. However, the North-East region recorded the least with 4,490.81 drug cases in 2019. A total of 397 counselling cases were reported in 2019 as against 730 in 2018. Meanwhile, 397 counselling cases were concluded in 2019 as against 440…