NSE market hits 11-month high, up by 2.77%

Indices at the Nigerian Stock Exchange (NSE) recorded an 11-month high, appreciating by 2.77 per cent, amid huge gains by banking and cement stocks. The All-Share Index crossed the 30,000 mark, growing by 815.83 points or 2.77 per cent, to close at 30,314.14, as against 29,498.31 recorded on Wednesday. Also, the market capitalisation inched N282 […]

June 2, 2017

TCN confirms improvement in national electricity grid

The Transmission Company of Nigeria (TCN), says the deployment of Free Governor Control mechanisms by Power Generation Companies (GenCos) in their power plants has resulted in an improved national grid stability and reliability. The Interim Managing Director of the TCN, Mr Usman Mohammed, said this in Abuja. Mohammed explained free governor mechanism as a device […]

June 2, 2017

Killer rice all over Nigerian market – Governors’ Forum

The Nigeria Governors’ Forum (NGF) has expressed concerns over the quality of rice being imported and consumed by Nigerians. The governors, while describing it as substandard, harmful, called on the Nigeria Customs Service to take urgent measures to curb the situation. A statement by NGF’s Head, Media and Public Affairs, Abulrazaque Bello-Barkindo, said this concern […]

June 2, 2017

Why Buhari chose UK hospitals for treatment – Lai Mohammed

The Minister of Information and Culture, Lai Mohammed has explained why President Muhammadu Buhari discarded Nigerian hospitals and decided to travel to the United Kingdom to seek medical attention. Mohammed said the reason was because the president needed the best medication, hence his reason to travel overseas. He gave this explanation during a live radio […]