News Top Stories

APC begins aggrieved members’ reconciliation

The Caretaker/Extra- Ordinary Convention Committee of the All Progressives Congress (APC) is embarking on immediate reconciliatory processes among aggrieved members of the party at all levels.   Chairman of the committee and Governor of Yobe State, Mai Buni, also said that Nigerians still believe in the ruling party for a prosperous future.   Buni, who […]

Business

NSE opens week positive with N15bn gain

POSITIVE SENTIMENT   NSE ASI appreciated by 0.12 per cent with market breathe closing negative with 18 gainers as against 29 losers   The equities market closed yesterday positive to commence the weekly trading activities on the upswing after the market closed last Friday also in the green.   The market performance indices, NSE ASI, […]

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IMF: Nigeria, others need fresh $110bn to tackle coronavirus

Although 29 sub-Saharan African countries, including Nigeria, have already received International Monetary Fund (IMF) disbursements totalling about $10.1 billion in emergency facilities, the region still needs over $110 billion in additional funding this year to fight the coronavirus (Covid-19) pandemic, the Fund has said.   The IMF, which stated this in a regional economic outlook […]

Business

N500m debt: AMCON takes over Polema Industries’ assets

Tony Chukwunyem Citing the order of Justice F.O.G. Ogunbanjo of the Federal High Court, Abuja, the Asset Management Corporation of Nigeria (AMCON) has taken over a factory and other assets belonging to Polema Industries Limited and its chief Promoter, Chief Emmanuel C. Obi, over an indebtedness of over half a billion naira.   In a […]

Business

FMDQ admits N200bn MTNN CP, Dangote Cement bonds

FMDQ Securities Exchange Limited (FMDQ ) has admitted for listing, Dangote Cement Plc N100.00 billion Series 1 Bond under its N300.00 billion Bond Programme, and for quotation, the MTN Nigeria Communications Plc N100.00 billion Series 1 & 2 Commercial Paper (CP) notes under its N100.00 billion CP Issuance Programme, both on the Exchange’s platform.   […]

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COVID-19: FG lifts ban on inter-state travels, local flights

The Federal Government has lifted the ban hitherto placed on inter-state travels across the country.   Persons who wish to travel from one state to another can now do so, beginning from July 1 (tomorrow), provided that such journeys were not made during the curfew hours of 10p.m. and 4a.m.   Similarly, plans have been […]

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N’Assembly halts planned hike in electricity tariffs

Take-off now 2021   DisCos: FG must bear cost differential       The leadership of the National Assembly, yesterday, halted the planned hike in electricity tariffs by convincing the electricity Distribution Companies (DisCos) to shelve their plan till the first quarter of 2021.       The companies had earlier announced that the new […]

Opinion

2023: Why Nigeria needs president of S’East extraction

S ixty years after independence, there are Nigerians who still believe a Nigerian President of Igbo extraction is impossible and can only happen over their dead bodies. Call it ‘Igbophobia’ or Anti Igbo Derangement Syndrome (AIDS). A certain Alhaji Shettima Yerima of Arewa Youth Consultative Forum is one of such persons. According to Yerima, “the […]

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Fitch: Nigeria’s banking assets to hit N44.2trn in 2020

  …says pandemic’ll dampen borrowers’ appetite for loans     C iting economic headwinds occasioned by the coronavirus (COVID-19) pandemic, Fitch Solutions Group (FSG) has revised its forecast for Nigeria’s total banking asset growth to 5.3 per cent or N44.2 trillion this year.     The company, an affiliate of Fitch Ratings Incorporated, which stated […]

Metro & Crime

Six killed, houses razed in renewed communal clash in Benue

At least six people were killed and houses burnt following a renewed communal clash between Bonta community in Konshisha and Ukpute community in Oju Local Government Areas of Benue State.     The crisis which occurred on Sunday had forced hundreds of residents, including women and children to seek refuge outside their communities.     […]