Trading activities on the Nigerian Stocks Exchange (NSE) yesterday closed in the red as market capitalisation of equities depreciated by N27 billion to close at N6.590 trillion, while the key benchmark indices dropped 84.67 basis points or 0.40 per cen...
Developing countries should prepare for further downside risks, as Euro area debt problems and weakening growth in several big emerging economies are dimming global growth prospects, the World Bank said in the newly-released Global Economic Prospects (...
The Senate yesterday confirmed an upward review of the crude oil benchmark from $70 to $75 per litre for the purpose of the 2012 budget as requested by President Goodluck Jonathan The confirmation came against the backdrop of senate’s approval of...
The Federal Government said that the Board of Nigerian Communications Satellite Limited (NigComSat) which was inaugurated on February 23, 2011, would be exempted from a presidential directive issued in October 2011 dissolving all federal parastat...
Zamfara State Police command has refuted media reports that it received an order from the ruling All Nigeria Peoples Party, ANPP’s, government in the State to arrest some members of the opposition Peoples Democratic Party PDP during the jus...
The Federal Capital Territory (FCT) has set aside N3b as subsidy for the operation of the bus mass transit scheme. Minister of the FCT, Senator Bala Mohammed, disclosed this yesterday, at the launch of the 300 buses for the FCTA Assisted Public Mass Tr...
The Chairman of Gwagwalada Area Council, Alhaji Zakari Angulu, has presented a proposed budget of N3.8 billion budget for 2012 to the council’s legislative arm for considerations and passage. Angulu explained that 61 per cent of the proposed amou...
When George W. Bush was campaigning to secure his first term in office as president of the United States of America, one of his recurring slogans was “I’m a uniter, not a divider”. He particularly made a huge capital out of this, butt...
Recently, the National Publicity Secretary of the Action Congress of Nigeria (ACN), Alhaji Lai Mohammed had an interactive session with the media on the state of the nation. The occasion provided an opportunity for him to articulate his party’s p...
Hon. Peter Ede represents Eza North and Ishelu federal constituency of Ebonyi State in the House of Representatives. Elected on the platform of All Nigerian Peoples Party (ANPP), he is the deputy chairman, House committee on Solid Mineral Development. ...
Imo State Governor, Owelle Rochas Okorocha has presented a budget proposal of N174.3billion to the state House of Assembly yesterday. Okorocha stated that out of the sum, N47.7billion would be for recurrent expenditure while N12...
The authorities of the 2 Brigade, Nigerian Army, Port Harcourt said it was the collaboration between it and the Rivers State Command of the State Security Services (SSS) that foiled a planned bomb attacks on the Port Harcourt Barrack, popularly called ...
The minister of education, Prof Ruqayyatu Ahmed Rufai, has cautioned universities on the award of honorary doctorate degrees which she said is not in the best interest of the education sector The minister who spoke yesterday during a meeting with all v...
The Police in Akwa Ibom State yesterday paraded a man, 18, who was alleged to have broken into a church in Eket south and stole the church’s tithe. Johnson Monday Umoetuk, a native of Idua Eket was arrested by the police for allegedly...
The House of Representatives has disclosed plans to trim the recurrent expenditure in the 2012 budget proposal of the Federal Capital Territory Administration (FCTA). This is part of measures to ensure accelerated infrastructural development in the FCT...