Governor Seyi Makinde of Oyo State has asked the State House of Assembly to approve a supplementary budget worth N50b. The governor sought the consideration and approval of the budget on Tuesday. The request was contained in a letter sent to the state lawmakers. Makinde said that the supplementary budget would cater for three projects. […]Read More
Trading on the Nigerian equities market yesterday started the week marginally low, as investors profit-taking in Banking, Oil & gas stocks down the market by N9 billion. In summary, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dipped by 16.94 basis points, representing a decline of 0.04 per cent, to close at 39,505.40 basis points. […]Read More
The Federal Government through the Ministry of Aviation in compliance with the Infrastructure Concession Regulatory Commission (ICRC), and National Policy on Public-Private Partnership (N4P), on Monday released a request for prequalification for the concession of four International Airport terminals and related services. The document signed by the Permanent Secretary, Federal Ministry of Aviation, Engr. Hassan […]Read More
The Minister of State for Budget and National Planning, Clem Agba, has disclosed that a total of N34 billion has been set aside by the federal government for the development of rural roads, with additional N17 billion added to it, under the sustainability planning. Agba explained further that the above figures added with the N8 […]Read More
The equities listed on the Nigerian Exchange Limited saw its their market capitalisation rise by N370.75bn last week amid bullish sentiment. The NGX All-Share Index appreciated by 1.83 per cent to close at 39,522.34 per cent on Friday from 38,810.75bps the previous week while the market capitalisation rose to N20.59tn from N20.22tn. A total turnover […]Read More
French investors, Yann Fortunato of Industriel Sylviculteur, and the President, Links 4 Value, Estelle Mougeot, have described Cross River State as fertile ground for the cultivation of bamboo and potatoes in commercial quantity. Speaking during a presentation at the Governor’s Office in Calabar, Fortunato said their interest in the state stems from the availability of […]Read More
The management of the Associated Port Marine Development Company (APMDC), has denied allegations of arbitrary charges and charging in foreign currency levelled against it by the Nigerian Shippers’ Council (NSC). Recall that the council had shutdown the company’s terminal over allegations of non-compliance with regulatory directives and other arbitrary charges. The council further alleged that […]Read More
The Minister of the Federal Capital Territory, Malam Muhammad Musa Bello, on Thursday, flagged off the construction of access road and car park for the Kagini Train Station in Abuja. Speaking during the flag-off ceremony, the Minister said that the Kagini train station is one of twelve light rail stations provided under the Abuja Rail […]Read More
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday disclosed that a case study has revealed that N1.8 trillion worth of used vehicles were imported into the country between October, 2018 and September, 2019. The minister revealed that Nigeria was the hub of stolen as the Vehicle Identification Number (VIM), of vehicles […]Read More
The Federal Government has reopened the Eko Bridge in Lagos State. The bridge had been under repairs, but will now be accessible from Friday, August 13. This was confirmed by Olukayode Popoola, the Federal Controller of Works in Lagos, in a statement on Thursday night. Popoola said the 10-week rehabilitation works on Eko Bridge were […]Read More
Oil prices inch higher following the United States President Joe Biden’s call for the Organisation of Petroleum Exporting Countries and allies (OPEC+), to boost output. Consequently, oil benchmarks gained amidst concerns over future demand and the increasing number of COVID-19 cases globally ensured price rises were limited. Inventories of commercial crude in the US fell following an […]Read More
Shareholders of Fidson Healthcare Plc, the leading indigenous pharmaceutical manufacturing company in Nigeria, will receive dividend of 25 kobo per share. This was unanimously approved by the shareholders at the 22nd Annual General Meeting, which was held on Wednesday July 28, 2021 at the company’s head office in Lagos Nigeria. This dividend is an improvement […]Read More
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