Nigerian stock market closed on a positive note yesterday, as NSE ASI appreciated by 0.44% to close at 24,746.16basis points, compared with the 0.01% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -13.60%. Market breadth closed positive as Okonu Oil led 22gainers against 20losers topped by Law Union at the end of yesterdayâ€™s
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Governor Udom Emmanuel of Akwa Ibom has said his administration would start to take tougher actions with perpetrators of sexual assault in a bold move to improve morals in the area. He has also lauded the Nigerian Judiciary for the role it played in consolidating democratic ideals in the country. Emmanuel made the commendation while
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A rematch of the richest fight in boxing history between Floyd Mayweather and Manny Pacquiao is under discussion even though both men claim they have retired. Not only that but Amir Khan may get his dream fight with Pacquiao over three rounds at the Rio Olympics. Both those tantalising prospects have emerged in the last
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Senate has began consideration of a bill aimed at controlling labour unions with a view to ending the recurring labour disputes, leading to incessant industrial actions by workers in the country. The bill also seeks to administer the provisions of all labour laws in Nigeria as it affects freedom of association, industrial relations, working conditions,
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Eland, an oil and gas production and development company operating in West Africa with an initial focus on Nigeria, has announced an operational update on the Opuama-3 well re-entry. In a press release issued yesterday, the company said that Canal access clearing operations have been completed, providing the required access to the Opuama-3 wellhead. It
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Some Small and Medium-sized Enterprises, SMEs, and low-income earners in the Federal Capital Territory, FCT, have decried the lingering fuel scarcity bedeviling the nation, saying that it might force them out of the business. The owners of SMEs, such as barber shops and hairdressing salons, said they might shriek if the federal government does not
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Port Harcourt refinery, which has a capacity of 210,000 barrels a day, has restarted production, the spokesman for Nigerian National Petroleum Corporation, NNPC, said on Wednesday. â€œIt is not in full capacity. Production is between three and five million litres daily,â€ Group General Manager, Public Affairs of the NNPC, Garba Deen Muhammad, said. Despite being
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Shipowners Association of Nigeria, SOAN, has said that the federal governmentâ€™s appeal for unity among all fragments of ship owners in the country was a good counsel that promotes cohesion, engender growth and development of the industry. Minister of Transport, Mr. Rotimi Ameachi, had on assumption of duty asked the various ship owners to come
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Ekiti State Governor, Mr Ayodele Fayose has written to the Chinese government seeking stoppage of the $2 billion loan being sought by the federal government of Nigeria, saying that â€œthe government of China should be mindful of the fact that Nigerians, irrespective of their political and religious affiliations, are totally opposed to increment of the
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Controversy over the 2016 budget is far from over, as Senate President Bukola Saraki has moved against attempt by President Muhammadu Buhari to doctor the 2016 budget. The Senate president has therefore insisted on overriding the presidentâ€™s veto at the expiration of 30 days according to the constitution. According to a source, Saraki has initially
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Sect fumes over video leak, accuses govt of insincerity Reps to commiserate with Chibok girlsâ€™ parents After two years of abduction of over 200 school girls at the Government Girls Secondary School in Chibok, near Maduguri, Borno State, by the Boko Haram insurgents, the Senate yesterday summoned the National Security Adviser, NSA, and other security
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Following incessant clashes between Fulani herdsmen and farmers in different areas across the country, the federal government said it is strategising to find lasting solution to the menace. Consequently, the Ministry of Interior, which is supposedly the hub of public peace and national security, yesterday held a one-day strategic stakeholders meeting to fine-tune arrangement of
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Barely five weeks to the congresses and national convention of the opposition Peoples Democratic Party, PDP, anxiety is mounting in the party over delay in the release of the zoning of offices for the National Executive Committee, NEC. National chairman of the party, Senator Ali Modu Sheriff had two weeks ago inaugurated four committees that
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New sports policies that will redefine the direction for sports development is underway as the Director-General, National Sports Commission, NSC, Mallam Al-Hassan Yakmut has inaugurated a 12-man Committee that will review the 2009 National Sport Policy and suggest other possible ways that will better the progress of sporting programs in Nigeria. Yakmut said, â€œThe inauguration
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The police on Thursday arraigned a 35-year-old man, Monday Daniel in a Wuse Zone 2 Chief Magistratesâ€™ Court, Abuja, charged with cheating and for defrauding a woman of N100,000. Daniel, who resides at Kachigoro, Abuja, was alleged to have collected N100,000 from the complainant to help her perfect the bail of her brother detained in
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A Benin High Court on Thursday ordered the Edo Government to reinstate Mr Osaro Obazee as the Chairman of Oredo Local Government Area of Edo. Justice Esohe Ikponmwen in his judgment said that relevant sections of the constitution were not followed before Obazee was suspended from office. The court also cleared the council chairman from
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A light plane crashed while trying to land in Papua New Guinea, killing 12 people, Australian officials and news reports said on Thursday. The Sunbird Aviation plane reportedly crashed on Wednesday afternoon in a swamp just short of the runway at Kiunga in the centre of the country, the Australian broadcaster, ABC, reported. It said
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The Senate on Thursday, passed for second reading, a bill seeking to amend the Act establishing the Code of Conduct Bureau (CCB) and its tribunal. Leading debate on the Bill, which was read for the first time on Tuesday, the sponsor, Mr Peter Nwaoboshi (PDP Delta North), said that the amendment would redraft section 3(d)
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The House of Representatives on Thursday, mandated its Committee on Petroleum Resources (Upstream) to audit oil and gas infrastructure in Nigeria to ascertain the status of their equipment and techniques. This followed a motion by Rep. Abubakar Amuda-Kannike (Kwara-APC), which was unanimously adopted by members through a voice vote. Moving the motion, Amuda-Kannike explained that
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President Muhammadu Buhari has expressed the hope that with the total commitment of the security agencies and the support of the international community, the kidnapped Chibok schoolgirls will be eventually rescued. A statement issued in Abuja on Thursday by Malam Garba Shehu, the Senior Special Assistant on Media and Publicity to the President, said Buhari
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