Category Archives: Slider

Dangote Group To Reconstruct port Access Roads For N72.9bn

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Aliko-Dangote

After years of neglect the Federal Executive Government on Wednesday approved N72.9 billion for the reconstruction of the road from Apapa ports to the toll gate on Lagos-Ibadan Expressway. According to the Minister of Works, Power and Housing, Babatunde Fashola, the work will be done using a Public-Private Partnership model. He named Dangote Group as […]

Universal Insurance: NSE lifts suspension

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The Nigerian Stock Exchange has lifted the suspension placed on Universal Insurance Plc. The NSE in its market bulletin said the company had submitted its Audited Financial Statement for the year ended 31 December 2017. According to the exchange: “In view of the submission of its accounts and pursuant to Rule 3.3 of the Default Filing […]

FMBN invests N6.37bn in estates in five states

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The Ibadan Zonal Coordinator, Federal Mortgage Bank of Nigeria, Mr Stephen Owoshagba, has said that the lender has invested about N6.37bn to build estates in five states. He identified the states and amounts so far disbursed as Oyo, with N2.33bn; Ondo, N2.03bn; Kwara, N1.06bn; Ekiti, N725m; and Osun, N227.6m. He spoke during the FMBN Summit […]

PenCom says Pension fund assets hit N8.14tn

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The National Pension Commission said on Sunday that the total pension fund assets stood at N8.14tn as of May this year, the News Agency of Nigeria reported. PenCom said in a statement signed by its spokesperson, Mr Peter Aghahowa, that the assets rose from N7.52tn in December 2017, to N8.14tn in May 2018. “The pension assets as […]

Economic challenges not over, says MAN president

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Notwithstanding the growth of the manufacturing sector in 2017, the President, Manufacturers Association of Nigeria, Dr Frank Jacobs, has stated that the economic challenges facing the country are not yet over, as the manufacturing sector is still on the brink of recession. Jacobs said the lingering lacklustre performance of the economy had made it imperative […]

El-Rufai: Saraki leading the worst senate in history

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Orange to invest in Nigerian e-commerce group"

The Kaduna State Governor, Nasir el-Rufai, has described the 8th Senate, led by Bukola Saraki, as the worst in the history of the country. The governor said this in an interview aired on several local radio stations in Kaduna on Thursday, an online newspaper, TheCable, reported. In the interview, el-Rufai knocked Saraki for listing some members […]

In one day, Facebook CEO, Zuckerberg, loses $16bn

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Facebook Chief Executive Officer Mark Zuckerberg’s fortune took an almost $15bn hit on Thursday, as the social media giant headed for the biggest one-day wipe-out in the United States stock market history, a day after executives forecast years of lower profit margins. At least 16 brokerages cut their price targets on Facebook after Chief Financial […]

Sen. Dino Melaye “Kidnapped” -Brother

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Fresh controversy surrounds the whereabouts of the lawmaker representing Kogi West in the Senate, Dino Melaye. A lawyer to the lawmaker, Yemi Mohammed, on Thursday, said the senator was attacked at Gwagwalada on his way to Lokoja on Wednesday. Mohammed, who represented Melaye’s lead counsel, Chief Mike Ozekhome (SAN), said this at a Senior Magistrate’s […]

After defections, Buhari meets with APC senators

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President Muhammadu Buhari has met with Senators from the governing All Progressives Congress at the Presidential Villa, Abuja. The meeting on Wednesday night came after the defection of some APC lawmakers to other parties on Tuesday, especially the main opposition Peoples Democratic Party, PDP. The meeting started at about 10pm and ended after 11pm. It […]

Nigeria doomed without rule of law, says CJN

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The Chief Justice of the Nigeria, Justice Walter Onnoghen, on Tuesday, said the country was doomed without the rule of law. Onnoghen, therefore, charged judicial officers to remain steadfast and committed in the build-up to the 2019 general election. He gave this charge during the unveiling of the ultra-modern Court of Appeal Complex in Calabar, […]