Activities on the floor of the Nigerian Stock Market yesterday further plummeted by N55 billion. Market analysts attributed the downward slide to the hike in the monetary policy rate. The Central Bank of Nigeria, had on Monday increased the inter...
Barring last minute changes, the gubernatorial election petition tribunal sitting in Katsina will adopt written addresses of lawyers in the petition filed by former speaker of House of Representatives, Aminu Bello Masari, challenging the election of Go...
Disruptions to BlackBerry services spread to Latin America yesterday, more than a day after users in Europe, the Middle East, Africa and India suffered extended outages. BlackBerry maker, Research In Motion Ltd, which is losing share of the corporate e...
It’s normal to demand pilgrimage seats – Dep Speaker, A serving sole administrator in one of the 23 local governments of Kaduna State has raised the alarm over the alleged extortion of monthly allocation by the members of the Kaduna State A...
The Economic and Financial Crimes Commission, EFCC, today, arraigned former governor of Oyo State, Otunba Adebayo Alao-Akala, and two other persons; Senator Hosea Ayoola Agboola and Mr. Olufemi Ademola Babalola, a private businessman before Justice Mos...
Alhaji Abdullahi Mukhtar, Commissioner of Operations, National Hajj Commission, has announced that two Nigerian pilgrims have died so far during this year's hajj in Saudi Arabia. Mukhtar told newsmen on Monday in Abuja that one of the ...
The Nigerian National Petroleum Corporation (NNPC) has debunked insinuations that a nationwide blackout was imminent due to shutdown of some gas plants in the country. The views of NNPC is contained in a statement issued by Dr Levi Ajuonu...
The naira continued its slide yesterday as the Central Bank of Nigeria (CBN) sold $400 million at 156.91 naira to the dollar at its bi-weekly foreign exchange auction. This was short of the $736.94 million demanded by authorized dealers. Pronouncements...
Say it will remove distortions, rent-seeking from economy - The proposed removal of fuel subsidy by the Federal Government has been applauded by local and international analysts, saying the move, if ratified by the National Assembly will reduce distort...
Nigeria lost N153 billion to low capacity utilisation in the paper sector between 2006 and 2009 says Prof. Peter Onwualu, Director-General, Raw Materials Research and Development Council (RMRDC). Onwualu told the News Agency of Nigeria (NAN) on Monday ...
Nigeria’s foreign reserves slipped to its lowest level in three months, closing last week at $31.318 billion. The last time the reserves reached this region was on July 5 when it closed at $31.581 billion and thereafter peaked at $35.071 on Septe...
Being text of presentation by former FCT Minister, Malam Nasir el-Rufai, at the biennial conference of the Nigerian Guild of Editors in Benin, Edo State, recently So assuming that they manage to pass another seven bills before the end of this year, it ...
The Delta command of Federal Road Safety Commission (FRSC) has said that no fewer than 11, 857 offenders in the state were arrested for 13,438 traffic offences between April and September. The Sector Commander, Mr Luka Ikpi, gave the figures in an inte...
The security situation in the country has degenerated to the extent that public functions are now held in secluded places amidst tight security. ROSE ADAH reports that governments seeming inability to handle the situation may have left ordinary Nigeria...
A National Youth Service Corps (NYSC) member, serving in Sokoto State, Mr. Okereke Franklin has renovated a block of three classrooms at the Shabra primary school in Yabo local government area of the state, at the cost of N550,000. The Batch “C&r...