TOTAL net asset of collective investment schemes and funds in Nigeria has risen by N348 billion to N993 billion, an increase of about 54 per cent in a year. Official reports coordinated by Nigeria’s apex capital market authority, Securities and Exchange Commission (SEC), indicated increasing recourse to formal fund management by Nigerians but most Nigerians […]

Lagos State Government said on Sunday the first phase of its 27-kilometre blue line rail system would be test-run by December next year. The first phase of the project covers Mile 2 to Orile-Iganmu. The state Commissioner for Information and Strategy, Mr Gbenga Omotoso, who led nine other members of the state’s Executive Council, disclosed […]

Minister of Finance, Budget & National Planning, Zainab Ahmed said Dangote Petroleum Refinery will stablise the micro economy by saving the nation 11 billion dollars that would otherwise been used for importation. She observed that this singular investment by the Dangote Group will further encourage other investors to appreciate investing into the economy. She spoke […]

The crisis of confidence in the Edo State chapter of the All Progressives Congress (APC) that has pitted the state Governor, Mr. Godwin Obaseki, against the National Chairman, Mr. Adams Oshiomhole, worsened yesterday as the duo launched fresh tirades against each other. Oshiomhole fired the first salvo, saying Obaseki lost his ward, local government and […]

The Minister of Aviation, Mr Hadi Sirika, has said that no foreign airline operator will henceforth be allowed to treat Nigerian travellers with disdain. Sirika made the declaration on Saturday in Abuja in a statement signed by Mr James Odaudu, the Director of Public Affairs in the ministry. The minister further warned other airline operators […]

President Muhammadu Buhari has condemned the alleged execution of four aid workers by terrorists in North-eastern Nigeria. He said that the defeat of evil by good is inevitable, no matter the pyrrhic victory evildoers seem to win. The President disclosed this in a statement by Mr Femi Adeshina, Special Adviser on Media and Publicity to […]

The Nigerian Electricity Regulatory Commission (NERC) yesterday concluded the review of responses submitted by the eight electricity distribution companies (Discos) that were under the threat of losing their operational licenses for reportedly abusing sections of the Electric Power Sector Reform Act (EPSRA) 2005. At the end of the exercise, two distribution companies – Enugu and […]

Justice Saliu Saidu of the Federal High Court sitting in Lagos has granted an order to Receiver/Manager appointed by the Guaranty Trust bank Plc, Mr Gbenga Akinde- Peters to take over all fixed and floating assets of Stallion Nigeria Limited company in receivership. The judge who gave the order yesterday folliwing Stallion’s inability to pay […]

The Lagos State Governor, Babajide Sanwo-Olu has announced a five –year road map to place agriculture as the engine of social and economic growth. Sanwo-Olu who disclosed this in Lagos on Thursday at the Flag-Off of the 2019 Agricultural Value Chains Empowerment programme wherein 1,750 Agricultural Value Chains Actors were empowered with various agricultural productive […]

Lagos State Governor Babajide Sanwo-Olu said yesterday that he never saw himself as a politician for over a decade that he held public offices, until 2018 when he emerged to contest as governor of Lagos State. For all those years he was appointed to political offices, the governor said: “I saw myself purely as a […]