The National Economic Council (NEC), on Thursday ratified the Board of Directors of the Nigeria Sovereign Wealth Investment Authority (NSIA). The Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, made this known while briefing newsmen at the end of NEC chaired by the Vice-President Kashim Shettima, at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the NSIA is an independent investment institution, set up to manage Nigeria’s Sovereign Wealth Fund in excess of budgeted hydrocarbon revenues. It also plays a leading role in driving sustained economic development for the benefit of all Nigerians by building…
Author: Ayo Oye
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The Osun Command of the National Drug Law Enforcement Agency (NDLEA), said it has arrested 645 persons for drug offences and secured 127 convictions. The State Commandant, Mr Nnadi Chidi, made this known on Thursday during his address at a workshop on Drug Abuse Prevention organised for Osun State Business Owners Association with the theme “Lounges are not safe havens for drug abuse.” Chidi said the arrests and convictions were achieved within his two years as the commandant, adding that a total of 15.8 hectares of Cannabis farms, with 39,500 tons of Cannabis Sativa were also destroyed. He explained that…
The Minister of Defence, Alhaji Badaru Abubakar, says that President Bola Tinubu remains committed to ending all forms of insecurity in the South-East and Cross River. Abubakar said this on Thursday in Enugu while addressing heads of security agencies and security stakeholders in the South-East and Cross River. He said that the Tinubu-led administration had done well in the past one year in the fight against insecurity throughout the country, particularly in the South-East and Cross River axis. “There is a renewed determination to do more in the fight against all forms of insecurity by President Tinubu. “President Tinubu has…
The Nigerian stock market on Thursday ended its four-day winning streak with a loss of N143 billion. Sell-offs in Guaranty Trust Holding Company(GTCO), Zenith Bank, Oando Plc, among other blue chips, dragged the market performance down. Notably, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.534 trillion, lost N143 billion or 0.24 per cent to close at N59.391 trillion. The All-Share Index also shed 0.24 per cent or 235 points , to close at 97,992.55, against 98,227.50 recorded on Wednesday. As a result, the Year-To-Date (YTD) return was reduced to 31.05 per cent. Meanwhile, market breadth closed positive…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has pledged to work closely with stakeholders in the sports sector to develop and commercialise sports, especially football, in Nigeria. Mr Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd., made the pledge on Thursday while receiving a delegation from the National Sports Commission (NSC), the International Management Group (IMG) and the Afrosport Network, at the NNPC Towers. Kyari, while addressing the delegation led by Alhaji Shehu Dikko, Chairman of NSC, said NNPC Ltd. was ready to be part of the initiative to revamp the nation’s football. Kyari, in a statement by…
N200 million have been spent to rehabilitate the Oferekpe water scheme sited at Ikwo Local Government Area of Ebonyi, says the state government. Mr Jude Okpor, the state’s Commissioner for Information and Orientation, disclosed this to reporters during his tour of the water scheme on Thursday. The News Agency of Nigeria (NAN) recalls that the scheme was established in 2018 by former governor, Martin Elechi, but was never put to use. Okpor commended Gov. Francis Nwifuru for reviving the scheme, seven years after. “I can tell you authoritatively that the state government has committed over N200 million on this water…
The Ogun State Government has described as false and misleading a notice, attributed to the Bureau of State Pension, inviting the next-of-kin of deceased pensioners to undergo a screening process.Mrs Arinola Adetayo, the Permanent Secretary of the Bureau, disowned the notice in a statement in Abeokuta on Thursday.Adetayo said that the notice, purportedly issued by an unnamed individual, was not authorised by the government.She said that the state government had established a clear official procedure for processing pension claims and disbursing benefits to the next-of-kin of deceased pensioners.According to her, the process did not require any form of screening by…
Mrs Ralie Omattah, Head of Vital Registration, National Population Census (NPC) says a total of 185, 307 children have been registered in an ongoing E-birth registration across the 21 local government areas of Kogi. Omattah said this at a media briefing and stakeholders sensitisation meeting on Thursday in Lokoja. The News Agency of Nigeria (NAN) reports that the event was organised by National Orientation Agency (NOA) in collaboration with the National Population Census (NPC). Omattah said that the e-birth registration had commenced in Kogi since August with the UNICEF targeting 211,314 children in the state. “Our collaboration with NOA is…
The Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N28.85 . This represents a 1.7 per cent gain, compared to the previous trading date on Wednesday when it exchanged at N1,687.52 to a dollar. However, the total daily turnover reduced to 163.66 million dollars on Thursday, down from to 173.29 million dollars recorded on Wednesday. At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,707.50 and N1,631.00 against the dollar. (NAN). READ ALSO:
Chelsea captain Reece James has suffered a new injury setback after being ruled out of Saturday’s clash against Leicester with a hamstring problem. James only returned to action in October after missing the start of the season. But Chelsea boss Enzo Maresca revealed on Thursday the 24-year-old England right-back will not be available for the trip to the King Power Stadium in the Premier League this weekend. Maresca hopes the problem won’t keep James out for too long, but given the Chelsea captain’s recent history of injury woes, the Italian is not willing to take any risks. “Reece, unfortunately, felt…