News
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During an online meeting with the Nigerian-American Coalition for Justice and Democracy, Mr. Julius Abure, the National Chairman of the Labour Party, revealed that he had received information about the All Progressives Congress (APC) making preparations for a potential re-run of the 2023 presidential election. Abure urged members of the Labour Party to remain vigilant. […]
In a tweet on Tuesday, Femi Adesina, a former spokesman for ex-President Muhammadu Buhari, suggested that the Bishop of the Catholic Diocese of Sokoto, Matthew Kukah, may still hold resentment towards Buhari for not appointing him as Nigeria’s President. Adesina’s tweet came shortly after Kukah made remarks stating that Nigerians had witnessed a severe phase […]
The House of Representatives has called upon the National Universities Commission (NUC) to suspend the implementation of the tuition fee increase in universities. This request was made during a motion put forward by Aliyu Sani Madaki. Madaki highlighted that several universities, including Bayero University, Kano; the University of Nigeria, Nsukka; the University of Uyo; University […]
Ecobank Nigeria Limited has urged First Bank Nigeria (FBN) Holdings to reject the acquisition of shares by Oba Otudeko, the former chairman of Ecobank, due to an alleged debt of N13.5 billion. This development arises just a few days after Otudeko’s affiliated company, Barbican Capital Limited, acquired a 13 percent stake in FBN Holdings, consequently […]
The Nigerian Exchange Limited (NGX) has officially announced the suspension of trading in the shares of seven companies. This notification was made through a press release provided to Nairametrics. According to the NGX, effective from today, Friday, July 11, 2023, the seven companies have been suspended from trading on the facilities of the Nigerian Exchange […]
The House of Representatives has made a request to the Central Bank of Nigeria (CBN) to temporarily suspend the implementation of the directive instructing banks to collect and verify customers’ social media handles. This decision was reached during the plenary session on Tuesday following the approval of a motion sponsored by nine lawmakers. The motion […]
The Federal Competition and Consumer Protection Commission (FCCPC) is taking strong measures to safeguard consumers against the unethical practices of specific loan apps. During an interview on the AriseTv morning show, Mr. Babatunde Irukera, the CEO of FCCPC, announced that the commission intends to request Google to permanently remove loan apps from its play store […]
The Minister of Works and Housing, Babatunde Fashola, told a media briefing after the council meeting on Wednesday that five road projects totaling 274.9 kilometers of federal road under the Federal Government Road Infrastructure Tax Credit Policy will be advanced by the Dangote industries as a tax credit. He explained that the move is also […]
The board and management of BOC Gases Nigeria Plc, have notified the Nigerian Exchange Group Limited (NGX) of the appointment of Mrs. Aderonke Omowunmi Segun-Alabi as the new company secretary. This is contained in a notice dated 8th July 2021 and signed by the Finance Director, Adeshinai Alayaki. The company announced that the appointment of […]
The bears resurfaced on the nation’s bourse on Thursday, halting gains posted in the last three trading sessions due to profit taking. Specifically, the All-Share Index dipped 31.44 points or 0.18 per cent to close at 38,469.87 from 38,501.31 achieved on Wednesday. Similarly, the market capitalisation lost N27 billion or 0.13 per cent to close […]
