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Speaker of the House of Representatives, Femi Gbajabiamila; and Deputy Speaker, Ahmed Wase, on Thursday, led chairmen of relevant committees to a meeting over the lingering crisis between the Federal Government and the Academic Staff Union of Universities. Government representatives at the meeting were the Head of Civil Service of the Federation, Dr Folashade Yemi-Esan; […]

Chief Timipre Sylva, Minister of State for Petroleum Resources, says there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of […]

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised the users of videotelephony platform, Zoom, to install the latest update of the software from its publisher’s official website following the discovery of vulnerabilities that allows a remote attacker to exploit the app. In an advisory issued on Wednesday by the NCC Director, Public Affairs, Reuben […]

The Nigerian equities market closed negative amidst buy-interests and sell-offs as activities of the bulls and bears drive down the broad market by 47 basis point. The All-share Index (ASI) depreciated by 0.47% to close at 49,190.34 points.   Likewise, market capitalization dropped by N125 billion to close at N26.53 trillion while the year-to-date (YtD) returns […]

Traders are hard hit by the ban of motorcycles in several states and the threat by the Federal Government to outlaw commercial motorcycles, popularly called “Okada.” Motorcycle imports into Nigeria declined by 35.92 per cent in the second quarter of 2022, according to the foreign trade report of the National Bureau of Statistics for the […]

The Managing Director of the Lagos State Waste Management Authority (LAWMA), Mr Ibrahim Odumboni, says the Nigerian recycling industry is worth N18 billion with inherent job creation potential. He made this known at the inauguration of the Lagos Recyclers Association (LAGRA) at the Muson Centre on Wednesday, September 21, 2022, in Lagos. Commending the efforts […]

Suspected fraudsters, during a three-day cyber-attack, have hacked a customer’s account domiciled in an old generation bank and fraudulently transferred N523,337,100 from the account to 18 different accounts in the same bank.  The spokesperson for the Police Special Fraud Unit in Ikoyi, Lagos State, SP Eyitayo Johnson, in a statement on Wednesday, said the suspects […]

The National Industrial Court of Nigeria on Wednesday ordered the Academic Staff Union of Universities to call off its ongoing nationwide strike. ASUU has been on strike since February 14 to press home the demands for improved funding for universities, a review of salaries for lecturers, among other issues. However, several meetings between ASUU and […]

The Nigerian Senate has confirmed justice Olukayode Ariwoola as the substantive Chief Justice of Nigeria. According to Punch, Ariwoola was confirmed at about 12:55 after about an hour of drilling and questioning by the senate. This motion for the screening was moved by the Senate Leader, Senator Ibrahim Gobir, at the plenary at 11:35 am. […]

Nigerian Equities Market halted negative trend to close positive as the key market indicator moved up marginally by 5.10bps amid negative market breadth. Thus, the NGX All-Share Index inched up by 0.01% to close at 49,445.31 basis points as against 0.07% loss recorded previously to close at 49,440.21 basis points at the end of the last trading session. In […]


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