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Month: December 2017

ADP sympathises with Buhari over son’s accident

THE Action Democratic Party, ADP, has sympathised with President Muhammadu Buhari and his family over the bike accident involving his only son, Yusuf. Yusuf Buhari In a statement by its Lagos spokesman, Prince Adelaja Adeoye, the party said it is shocked to receive the news of the bike accident involving the President’s son, Yusuf, saying […]

ECOWAS to spend $29bn on devt projects in W/Africa

ABUJA—Economic Community of West African States, ECOWAS, has said it had concluded plans for sub-regional development projects worth $29.66 billion for the period 2018 to 2022. ECOWAS Parliament President of ECOWAS Commission, Marcel Alain de Souza, stated this at the just concluded  Second Ordinary Session of the ECOWAS Parliament, in Abuja, while presenting the Status […]

Ecobank MD commends Okpekpe Road Race silver label status

The Managing Director, Ecobank Nigeria Limited, Charles Kie has commended Pamodzi Sports Marketing, organisers of 10km Okpekpe International Road Race on the recent upgrade of the Road Race to silver Label by International Association of Athletics Federations (IAAF). The bank Managing Director stressed that the elevation does not only lend credence to the standard and […]

Power supply dips to 4,108MW, contradicts TCN’s peak transmission claim

There is no sign of improved electricity supply to Nigerians as the nation recorded an average power sent out of 4,108MW on December 26, data from the Nigerian Electricity System operator of the Transmission Company of Nigeria, TCN, shows. Power plant This contradicts TCN’s claim that it recorded a new national peak with the transmission […]

FG, others get N533bn statutory allocation in Nov- NBS

The federal government, 36 states and 774 local government received N533 billion from the federation account as statutory allocation funds for November.   The National Bureau of Statistics (NBS) disclosed this in a report titled,  “Federation Account Allocation Committee: (November 2017 disbursement).” According to the report, the N532.76 billion  received by the three tiers of […]

Total, Nestle lift NSE indices by 0.27%

Transactions on the Nigerian Stock Exchange, NSE, yesterday,  maintained a positive posture as some highly capitalised equities posted price appreciation. Total led the gainers’ table with a gain of N10.95 to close at N229.95 per share, according to NAN. The floor of Stock exchange Nestle trailed the gainers’ table with a gain of N10 to […]

Rivers State Government, Shell Nigeria Gas sign MoU on Gas Supply to Industries

  The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs. The MoU sets out broad terms and conditions to guide co-operation between the two parties in the development of new gas distribution […]

NSE to introduce guidelines on derivatives trading

The Nigerian Stock Exchange, NSE, said it would soon introduce guidelines for creation, listing and trading of derivative products on its platform. The Exchange disclosed this in a notice signed by Tinu Awe, General Counsel/Head Regulation of the NSE. The Exchange said the framework would also regulate the activities of the trading members and other […]

LASG pays N325m insurance benefit to beneficiaries

Lagos State government has paid insurance benefit of N325 million to 104 beneficiaries of deceased employees in the mainstream civil service from August 2015 till date. Director General of Lagos State Pension Commission, LASPEC, Mrs. Folashade Onanuga, disclosed this at the presentation ceremony of retirement bond certificates to batch 46 of contributory pension scheme retirees […]

Guinness lifts small businesses, creates 13 millionaires

Guinness Nigeria Plc said it has created 13 millionaires through its just ended, ‘Go Get It’promo aimed at helping the growth of small-scale businesses. The idea of the promo, according to the company, is to help consumers who have business ideas but required some capital to start. Guinness Nig Plc Aside from the millionaires, other […]

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