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Recession comment: Buhari Media Organisation replies Gov Yari

The Buhari Media Organisation has reacted to a statement credited to the Abdulaziz Yari, Governor of Zamfara State, who advised that governors should brace up for another economic recession, during a meeting of the...

Diamond Bank shares placed on full suspension – NSE

The Nigerian Stock Exchange has said the ongoing merger scheme between Access Bank Plc and Diamond Bank Plc would result in the delisting of Diamond Bank from the daily official list of the Exchange. The...

Stock market investors lose N533bn in seven days

Investors in the nation’s stock market lost N533bn in the last seven trading sessions as bearish sentiment persisted in the market. The market capitalisation of equities listed on the Nigerian Stock Exchange fell from N13.789tn...

DPR bans sale of cooking gas in shops, homes

The Deprtment for Petrolium Resources said it would clamp down on illicit retailers of Liquefied Petroleum Gas (LPG) popularly known as cooking gas in Rivers. DPR’s Port Harcourt Zone Operations’ Controller, Mr Bassey Nkanga, told...

Nigerian Financial Intelligence Unit sets new rules, denies Governors access to LG funds

The newly inaugurated Nigerian Financial Intelligence Unit (NFIU), yesterday, banned banks, Governors,  public officers, and other financial institutions/stakeholders from tampering with the statutory allocations of Local Government Areas from the Federation Account. This move is contained in a notice that...

World Bank president steps down, to focus on infrastructure investments

The World Bank Group president, Jim Yong Kim, on Monday announced he would be stepping down from his position effective February 1. Mr Kim’s announcement is coming more than three years ahead of the end...

Nigeria still as corrupt as before – Transparency International

Nigeria is still perceived as a country deep in corruption without clear policies to address the menace, Transparency International said on Tuesday. The anti-corruption campaigner released its 2018 Corruptions Perceptions Index (CPI) Tuesday, finding Nigeria...

Senate approves N30,000 minimum wage

The Senate on Tuesday approved N30, 000 as the new national minimum wage with an appeal to the Federal Government to start the implementation immediately to prevent the organised labour from embarking on strike...

President Muhammadu Buhari replaces Baru with Kyari as NNPC GMD

President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). A release on Thursday morning in Abuja by the NNPC Group General Manager,...

NPA cancels $2.6bn Badagry deep seaport contract

The Nigerian Ports Authority has cancelled the contract for the $2.6bn Badagry deep seaport project, stating that the deep seaport master plan was wrongly done. The Managing Director of the NPA, Hajia Hadiza-Bala Usman, was...
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