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BUSINESS

Members of the National Association of Resident Doctors have asked the Federal Government to honor its agreement with the union.

Members of the National Association of Resident Doctors have asked the Federal Government to honour its agreement with the union. They warned that should the government fail to honour its agreement in the next four weeks, they would be forced to declare another indefinite nationwide industrial action. President of NARD, Dr Uyilawa Okhuaihesuyi, said they have been given a leap of faith to believe in the system and hope that […]

todayApril 12, 2021 1

BUSINESS

Showbiz personalities, Sunny Neji, Asha Gangali and Matthew Ohio, have been appointed to the board of the Musical Copyright Society Nigeria.

Showbiz personalities, Sunny Neji, Asha Gangali and Matthew Ohio, have been appointed to the board of the Musical Copyright Society Nigeria. The appointment of Neji and Gangali followed MCSN’s agreement with the Performing Musicians’ Employers’ Association of Nigeria, which provides that the music body would have two seats on the board of MCSN. On the other hand, Ohio’s appointment was said to be based on his wide interest and representations […]

todayApril 12, 2021

BUSINESS

The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba Kumo, to appear before it to explain the rationale behind the alleged irregular award of N3bn when he was at the helms of affairs of the bank.

The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba Kumo, to appear before it to explain the rationale behind the alleged irregular award of N3bn when he was at the helms of affairs of the bank. The Senate panel, currently scrutinising the 2015-2018 report of the Auditor-General for the Federation, took the decision following a query raised against the […]

todayApril 12, 2021 1

BUSINESS

Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as several others suffered declines in the output.

Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as several others suffered declines in the output. Total power generation fell to 3,922.2MW as of 6am on Sunday from 4,394MW on Saturday, according to data obtained from the Nigerian Electricity System Operator. Eleven of the power plants on the national grid did not generate any megawatts of electricity as of […]

todayApril 12, 2021

BUSINESS

The Corporate Affairs Commission Sunday stated that following the successful deployment of an end-to-end registration module

The Corporate Affairs Commission Sunday stated that following the successful deployment of an end-to-end registration module, it was now prioritizing the reduction of the registration circle for new companies to just three hours before the end of year 2021. Registrar-General of the commission, Garba Ababukar, gave the indication at a dinner in honour of the Chairman, Governing Board, CAC and Nigerian Ambassador Designate to the Kingdom of Spain, Ademola Seriki. […]

todayApril 12, 2021

BUSINESS

The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively.

The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively. All other indices finished lower with the exception of NSE Premium, NSE MERI Growth, NSE Consumer nGoods, NSE Lotus II and NSE Growth Index which appreciated by 0.62 per cent, 0.28 per cent, 1.12 per cent, 1.11 per cent and 0.62 per cent while the NSE ASeM […]

todayApril 12, 2021

BUSINESS

THE Organisation of Petroleum Exporting Countries, OPEC, has predicted that the Non-OPEC oil supply will grow by one million barrels per day in 2021.

THE Organisation of Petroleum Exporting Countries, OPEC, has predicted that the Non-OPEC oil supply will grow by one million barrels per day in 2021. Speaking at the International Monetary and Financial Committee Meeting via videoconference, OPEC Secretary General, Mohammad Barkindo, said the global economy and, consequently, the global oil market have started to emerge from the severe crisis, caused by the Coronavirus pandemic. He noted that in 2020, countries around […]

todayApril 9, 2021 2

BUSINESS

The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin.

The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin. A statement issued in Abuja on Thursday by NNPC spokesperson, Kennie Obateru, said the corporation’s Group Managing Director, Mele Kyari, said exploration for crude would resume in the Sokoto Basin. The statement said Kyari disclosed this while receiving the Governor of Kebbi State, Atiku Bagudu, who paid him a courtesy visit in his […]

todayApril 9, 2021 4

BUSINESS

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank accounts belonging to firms and Bureaux de Change to enable it to conduct investigations into suspicious activities.

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank accounts belonging to firms and Bureaux de Change to enable it to conduct investigations into suspicious activities. The CBN disclosed this in three separate documents on its website. In one of the documents, the CBN said it got an order to freeze 60 bank accounts of Bluebeam Capital […]

todayApril 9, 2021 2

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