Author: Broad Admin

The Federal Government will present the certificate of registration to the Congress of Nigerian University Academics (CONUA), a breakaway faction of the Academic Staff Union of Universities  (ASUU), in Abuja today (October 4th) This is in an attempt to clip the wings of the ASUU. Minister of Labour and Employment Dr Chris Ngige will do […]

The World Bank yesterday approved $750 million International Development Association (IDA) credit to support the Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results. The Washington-based institution which disclosed this in a statement yesterday, explained that the IDA credit would help Nigeria accelerate the implementation of critical actions that will improve the business enabling environment […]

Governor Babajide Sanwo-Olu of Lagos State has ordered the immediate suspension of all activities of the Road Transport Employers Association of Nigeria (RTEAN) in the state. Sanwo-Olu gave the order in a statement on Thursday issued by his Special Adviser on Transportation, Sola Giwa. The statement said the association was suspended following the violence that […]

The Federal Government of Nigeria has declared Monday, October 3, as a public holiday to mark Nigeria’s 62nd Independence Day anniversary. This was announced in a statement by Ogbeni Rauf Aregbesola, the minister of interior, on behalf of the federal government on Wednesday. Aregbesola, in the statement, noted that though the country is going through […]

The Nigerian Equities Market closed the day bullish as the key market indicator inched up by 10.25bps while market breadth remained negative The NGX All-Share Index advanced by 0.02% to close at 49,171.70 basis points as against 0.06% loss recorded previously to close at 49,161.45 basis points at the end of the last trading session. In Naira terms, the […]

The Labour Party’s #ObiDatti23 Forward Ever Rally scheduled to be held on October 1, 2022, suffered a setback on Wednesday as a Federal High Court sitting in Lagos ordered the party and its supporters not to converge on the Lekki Toll-Gate. The court also held that while Obi’s supporters cannot stop at the Lekki toll […]

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in an aggressive move to fight inflation in the country. The Governor of CBN, Mr. Godwin Emefiele, disclosed this while briefing the press at the end of the 5th Monetary Policy Committee meeting in 2022, in Abuja, […]

Nigerian Equities Market resumed downtrend as the key market indicator dipped by 27.87bps while market breadth remained negative The NGX All-Share Index declined by 0.06% to close at 49,161.45 basis points as against 0.33% gain recorded previously to close at 49,189.32 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records […]

The federal government has withdrawn its earlier pronouncement  through the National Universities Commission (NUC) ordering vice-chancellors, pro-chancellors and governing councils to re-open federal universities. There had been earlier reports that the director, Finance and Accounts of the NUC, Sam Onazi, had signed a circular tagged NUC/ES/138/Vol.64/135, on behalf of the executive secretary of the commission, […]

The Nigerian Bourse (NGX) closed positive amidst buy-interests and sell-offs as activities of the bulls and bear drive up the broad market by 39 basis point. The All-share Index (ASI) depreciated by 0.39% to close at 49,218.35 points as against 0.33% loss recorded previously to close at 49,190.34 basis points at the end of the last trading […]


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