Reps Threaten to Cancel PPP, Concessions, Invite Minister of Transport, NRC The House of Representatives Committee investigating Public Private Partnership and Concessions programme has threatened to cancel all leases and concessions in Federal Ministry of Transport. Rep. Ademorin Kuye, Chairman, House Committee on Public Assets made this known when the delegation from the Federal Ministry […]

Rivers State Government Says Ongoing Elele-Omoku Road Awarded at N80bn The Rivers Commissioner for Information and Communication, Mr Joseph Johnson, says the ongoing dualization of the  Elele/Umudioga/Egbeda/Ikiri/Omoku Road was awarded at N80 billion. Johnson disclosed this in Port Harcourt on Thursday while talking about the achievements of the Gov. Siminalaye Fubara-led administration after one year […]

Equity Market Extends Losses by 0.13% The Nigerian equity market extended its losses for the fourth consecutive session on Wednesday, declining by 0.13 per cent due to profit-taking in Tier-one banking stocks. Sell-offs in Zenith Bank, FBN Holdings, United Bank of Africa(UBA), Access Corporation, Fidelity Bank, FCMB, as well as Transnational Corporation, PZ Cussons Nigeria, […]

WAEC Introduces CBT Option in Nov. 2024 WASSCE The West African Examinations Council (WAEC) says candidates for the November West African Senior School Certificate Examination (WASSCE) will have the option of choosing between computer-based tests (CBT) and paper-based tests. Head of National Office, WAEC, Nigeria, Dr Amos Dangut, stated this in Ibadan on Wednesday while […]

Reps Move to Regulate House Rent in FCT The House of Representatives, in a resolution on Wednesday, urged the Federal Capital Territory Administration (FCTA) to formulate policies to regulate house rents and activities of landlords in Abuja. The resolution followed the adoption of a motion by Rep. Emmanuel Udo (PDP-Akwa-Ibom) on the floor of the […]

Equities Market Sinks by N74bn as Selling Spree Persists Sustained selloffs wiped out about N74 billion from the Nigerian Exchange (NGX) equities segment on Wednesday amidst fear of surging inflation. The negative perception of stocks in the local bourse caused year-to-date returns to moderate, tracking the annual inflation rate. The headline inflation rate went through […]

FG Lists N4.21bn April Savings Bonds on Nigerian Exchange  The Federal Government of Nigeria, FG, has listed its April 2024 Savings Bonds worth N4.214 billion on the Nigerian Exchange (NGX) platform. The listing was announced by the Head, Issuers Regulation Department of NGX, Mr Godstime Iwenekhai, in a market bulletin. Iwenekhai listed the details of […]

AbdulRazaq Appoints 16 Development Officers for Kwara LGs Gov. AbdulRahman AbdulRazaq of Kwara has approved the appointment of 16 local government area development officers (LGA-DOs). A statement issued by the Chief Press Secretary to the Governor, Rafiu Ajakaye, said that the appointments were with immediate effect. The statement listed the names of the LGA-DOs to […]

Nigeria’s Inflation Rate Runs Wild, Jumps to 33.69% Nigeria’s headline inflation rate maintained its uptrend, rising by 49 basis points to 33.69% year on year in April, according to data from the statistics office, up from 33.20% in March. On a month-on-month basis, headline inflation eased further by 73 basis points to 2.29% from 3.02% […]