The federal government has said there is no plan to commence immediate train services until the battle against the disease is won. The Minister of Transportation, Mr. Rotimi Amaechi stated this yesterday on his verified Twitter handle, @ChibuikeAmaechi. According to Amaechi, resumption of train services would comply with safety protocols, adding that until all passengers […]

Nigerian Council of Registered Insurance Brokers (NCRIB) on Thursday said COVID-19 pandemic has stagnated global economy and grinded to a halt all forms of social relationship which Nigerians are particularly known for. The development NCRIB said has changed the earning capability of many workers in the public or private sector. President/ Chairman of the Governing […]

Nigeria says it expects to gain about $2.8 billion from its sale of crude oil in the coming months if the weakened prices of the commodity gain an additional $15 per barrel after member-countries of the Organisation of Petroleum Exporting Countries (OPEC) and its allies agreed on fresh production cut to stabilise the oil market. […]

The implementation of free electricity supply promised by the 11 Electricity Distribution Companies (DISCOS)  is subject Federal Government’s  approval  which has the initiative to cushion the harsh effects of the COVID-19 lockdown on the citizenry. Making clarification on how the plan would be implemented, the Association of Nigeria Electricity Distributors (ANED) Executive Director (Research and […]

The market capitalisation of the Nigerian Stock Exchange (NSE) climbed back to N11.144 trillion yesterday while the NSE All-Share Index rose further by 1.47 per cent to close at 21,384.03 following sustained bullish trading. The market, which hit a record low on Monday, recovered on Tuesday due to bargain hunting by investors who are taking […]

The Nigerian National Petroleum Corporation (NNPC) is to extend some of its services, including the building of filling stations, to some neighbouring countries. NNPC, in a statement yesterday in Abuja by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, also assured Nigerians of availability of petroleum products to guarantee hitch-free celebration during […]

Power distribution companies on Wednesday announced that they were in support of the proposal by the National Assembly and the Federal Executive arm of government that Nigerians should get two months of free electricity. Speaking through their umbrella body, the Association of Nigerian Electricity Distributors, the Discos stated that modalities for the free power would […]

The federal government has assured Nigerians of the continued support of Galaxy Backbone for private and public institutions, especially during this period of COVID-19 pandemic that is ravaging the world. A statement issued by the Ministry of Communications and Digital Economy, signed by the spokesperson to the minister, Mrs. Uwa Suleiman, noted that: “At this […]

As part of efforts to identify investors properly, guard against flow of illicit funds into the capital market and address challenges associated with identity management generally, the Securities and Exchange Commission (SEC) has developed a standardised Investor’s Data and Consent Form to be adopted by all capital market operators(CMOs). Identity theft is the deliberate use […]

ELEVEN firms have lost their oil licences to operate marginal fields. This follows their failure to meet government’s criteria to keep the licences 15 years after they were given then franchise. The marginal oil fields include: Ekeh field Oil Mining Lease (OML) 88 operated by Movido Exploration and Production Limited; Ofa field in OML 30 […]