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Monthly Archives: May 2016

Dangote hosts Borno Governor over IDPs, reconstruction

The President, Dangote Group, Alhaji Aliko Dangote on Tuesday hosted Borno Governor, Kashim Shettima in Lagos with their discussion focusing on rehabilitation of internally displaced persons and reconstruction works in the areas of education and healthcare. The Dangote Foundation, which is a charity wing funded by the richest African was …

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Our N10b Infrastructure Bond on course – Governor Ahmed

The Kwara State Government has denied a newspaper report that it has abandoned plans to secure a N10b bond for its forthcoming infrastructure projects in the state. The State Governor, Alhaji Abdulfatah Ahmed, in a statement by his Senior Special Assistant on Media and Communication, Dr. Muyideen Akorede, maintained that …

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INEC declares Nasarawa/Toto federal constituency bye-election inconclusive

Independent National Electoral Commission (INEC), Sunday, officially declared the just-concluded Nasarawa/Toto Federal Constituency bye-election inconclusive due to cancellation of votes as a result of over voting. The Constituency Returning Officer of the election, Dr Wilfred Uji of Federal University, Lafia, Nasarawa State, made this known while the announcing the outcome …

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Buhari approves flexible forex policy

President Muhammadu Buhari has given the Central Bank of Nigeria (CBN) the go-ahead to introduce flexibility in the naira exchange rate, his spokesman said yesterday. “The president is opposed to devaluing the naira, he has said so repeatedly,” Buhari’s spokesman, Garba Shehu, said in an interview with the Nigeria Television …

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Nwankwo, Kachikwu, Sirika, IG Arase, others named as FG inaugurates committee on AMCON loans recovery

Federal Government has inaugurated a Presidential inter-agency committee on the recovery of loans of commercial banks and corporate organisations bought over by the Asset Management Corporation of Nigeria, AMCON. Spokesperson for the Attorney-General of the Federation and Minister of Justice, Mr. Salihu Isah, disclosed the constitution of the committee in …

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Nigerian stock market loses N1.732tn in one year

The Nigerian Stock Exchange (NSE) data has indicated that market capitalisation on May 28, 2015 was N11.658tn, while that of May 27, 2016 was N9.926tn as a total of N1.732tn was lost under the period. Market capitalisation is the total market value of the shares outstanding of a publicly traded …

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Akwa Ibom builds 200km roads, 15 bridges in 1year

Akwa Ibom State Governor, Udom Emmanuel, has disclosed that his administration in the last one year completed the construction of about 200 kilometers of roads and 15 bridges across the state. Gov Emmanuel, during his 2016 Democracy Anniversary broadcast, listed the road networks to include, 6.6km internal roads in Oron …

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NIMASA to undergo major reforms – Dr. Peterside

The Nigerian Maritime Administration and Safety Agency (NIMASA) will undergo major reforms in the next one year to boast it’s capacity to drive the growth and development of the Nigerian maritime industry. The Agency’s Director General, Dr. Dakuku Peterside who stated this recently also added that the reforms are in …

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Joseph Yobo bags chieftaincy title in Ogoniland

Former Super eagles defender and captain, Joseph Yobo, has been conferred with a chieftaincy title in Ogoniland, in Rivers State. The honour was bestowed on him a day after he was given a grand exit from professional football by a stellar collection of football stars like Samuel Eto’o,Austin Okocha, Sulley …

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