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The ongoing reconstruction work on section 1 of the Lagos-Ibadan Expressway has progressed up to 40 per cent, the Federal Controller of Works, Lagos, Mr Adedamola Kuti, has said. The completion date of section 1, also known as the Sagamu-Lagos end of the Lagos-Ibadan Expressway project, was last year reviewed up to 2021 to accommodate […]

Investors in the equities market have recorded losses amounting to N352bn following an eight-day losing streak witnessed on the Nigerian Stock Exchange. The market capitalisation of equities listed on the NSE, which rose to N10.979tn on May 3 drop below the N11tn mark, has dropped consistently, closing at N10.627tn on Wednesday. Wapic Insurance, Forte Oil […]

Nigeria supplies about 80 per cent of the total quantum of electricity consumed in the Republic of Benin but power is more stable in the neighbouring country than it is in Nigeria, the Transmission Company of Nigeria has said. Aside from the Republic of Benin, Nigeria, through the TCN, supplies power to the Republics of […]

Gunmen killed 17 Niger soldiers in an ambush near the border with Mali, a security source said Wednesday, adding 11 were still missing a day later. The attack occurred Tuesday near the village of Tongo Tongo in the western Tillaberi region where four US soldiers and five Niger soldiers were killed in an ambush in […]

Retirees of the Federal Road Safety Corps have begged the federal government to pay their disengagement (Severance) allowances. In a letter titled “President Buhari save the souls ‎of Corps Retirees,” signed by M. O Eje and made available to newsmen in Kaduna, they said most of them served the country for 20 years and above. […]

ABUJA – PRESIDENT Muhammadu Buhari  Tuesday night told the leadership of the two houses of the National Assembly that the relationship between the Eight Assembly and the the executive was not cordial.  But the Senate President, Dr. Bukola Saraki said that the National Assembly will always remain focused and work in the interest of the […]

Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn. They made this call while speaking in exclusive interviews with our correspondents. The Director-General, Nigeria Employers’ Consultative Association, Mr Timothy Olawale, said despite the denial of the CBN that no N500bn was missing, there […]

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue. Rewane stated this in his presentation at the Lagos Business School Breakfast Session on May 8, a copy of which was obtained by our correspondent on Tuesday. He noted that […]

The Nigerian Stock Exchange has delisted Newrest ASL Nigeria Plc from its daily official list. The NSE, in a notice to investors dated May 13, 2019, said the entire issued share capital of the company was delisted from the daily official list of the Exchange on Monday, further to the market bulletin of February 27, […]

A Kano State high court Wednesday declared the appointment and the installation of four new emirs by the Kano State government as null and void. It ordered a return to status quo pending the hearing of the suit against the appointment of the emirs filed by one Rabiu Salihu Garwzo. Counsel to the plaintiff, Abubakar Balarabe Mahmoud […]


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