The Nigeria Stock Exchange (NSE) reveals in its latest foreign portfolio investment report that foreign inflows to the economy increased by 91.24 percent between January and February. Foreign Inflow stood at N22.97bn in January and N43.93bn in February It also reported an increase in foreign outflows from N27.81bn in January to N55.01bn in February, marking a 97.8 per cent increase.…
Muhammed Bala of the People's Democratic Party is at the verge of being announced Bauchi State Governor-elect. At the conclusion of supplementary elections in the state on Saturday, March 23, Bala polled 6,376 to add to the previous 469,512 votes while Muhammed Abdullahi of the All Progressives Congress (APC) got 5,117 in addition to 465, 453 hitherto recorded after the…
Aminu Tambuwal of the People's Democratic Party (PDP) has been re-elected Governor of Sokoto State. Following the supplementary elections which were concluded on March 23, the former House of Representatives Speaker edged out his former deputy and the All Progressives Congress' (APC), Ahmed Aliyu by 341 votes. Tambuwal polled 512002 votes against Aliyu's 511661. NAN reports that, though he lost…
Super Eagles of Nigeria coach, Gernot Rohr, has said the team needs to improve play in the wake of the 3-1 win over Seychelles. Nigeria defeated the Pirates of Seychelles in the last game day of qualifiers for the 2019 AFCON. Goals from Odion Ighalo, Henry Onyekuru and Moses Simon ensured Nigeria secured a double win over the Island nation.…
Nigerian dancehall singer, Timaya says it will cost N36 billion to make him shave his beards. He spoke to Punch online where he disclosed that he will never cut the beard which has taken him five years to grow. The Ukwu singer said, “Maybe N36bn ($100m) would make me shave off my beard. Other than that, I won’t shave it…
In a bare it all question and answer session with Punch Nigeria, legendary Nollywood actress, Patience shares her thoughts on marriage, money and divorce. The actress who recently celebrated 60 years birthday talked about marriage where she cited money as the major reason behind divorce amongst celebrities. She urged men and women to look beyond money as the motivating factor…
Tony Elumelu, former Group Managing Director and CEO of United Bank for Africa (UBA) has urged president Muhammadu Buhari to improve electricity so entrepreneurship can thrive. He said this at the unveiling of 3, 050 successful applicants of the Tony Elumelu Foundation (TEF) on Friday, in Abuja. In the report by NAN, Elumelu said that entrepreneurship is the way to…
The European Union (EU), has written Nigeria’s president, Muhammadu Buhari on the need to strengthen democracy in the country. The European body expressed its thoughts and opinions in a letter dated arch 22, 2019, signed by signed by Donald Tusk for the European Council and Jean-Claude Juncker for the European Commission. It urged Buhari to run an inclusive government which…
The under-23 national team of Nigeria were beaten 2-0 by Libya in a qualification match for the African championships, on Wednesday. The team led by Imama Amakpakabo conceded the first goal just six minutes after kick-off in Ben Guardane. After the goal, Nigeria controlled play from the midfield but failed to convert. Goalkeeper, Adamu handled the ball outside the 18-yard…
Nigeria-Romanian broadcaster, Daddy Freeze, has had the Church of Satan write him on his stance about marriage. The divorced freeze who is in a live-in relationship with another divorcee allegedly wrote that marriage vows are satanic. He supported his claim with questions why Bible prophets such as John The Baptist and Elijah did not marry. “Many of you are living…
Justice Inyang Ekwo, sitting at the Abuja Federal High Court, has overruled an application for stay of execution on INEC to stop the resumption of results collation of hitherto rescheduled election in parts of Rivers State. Filed by te candidate of the African Action Congress (AAC), Biokpomabo Awara, the application sought the court to order INEC to desist from continuing…
The People's Democratic Party (PDP) has claimed that its candidate, Atiku Abubakar won the 2019 presidential elections with 1,615,302 votes. It claimed the figure is the true and correct result from 35 states and the FCT, with the exception Rivers as there was “no report on server” from the PDP stronghold, captured by the INEC server. The claim is contained…
The former two-time Governor of Ogun State and Director General of the Atiku Abubakar 2019 Presidential Campaign Organisation denies allegations of abandoning the former vice president. Following the announcement of his retirement from partisan politics and reports that he is considering joining the ruling party, All Progressives Cogress (APC), Daniel was accused of abadoning Atiku even when the final decision…
The mysterious inferno started around 11am and burnt until 6pm, on Tuesday, in Baderayi village, destroying properties. Executive Secretary State Emergency Management Agency (SEMA), Alhaji Sani Yusuf confirmed the incident to the News Agency of Nigeria (NAN) in the State's Capital, Dutse, on Wednesday. “The fire destroyed almost the whole of the village, including animals and foodstuff. Over 60 houses…
The Debt Management Office (DMO), announced on Tuesday that the Federal Government will be auctioning bonds of N100 billion come March 27. Bonds are categorised into three based on their maturation period. The five-year re-opening bonds of N40 billion with maturation period in April 2023 is offered at 12.75 per cent. Seven-year re-opening bonds also of N40 billion, maturing in…