Foreign investors pulled out N1.77 trillion from the nation’s stock market in the last two years, citing insecurity and economic uncertainties. Many blue-chip companies quoted on the stock exchange also experienced huge losses within the period. Specifically, N435.31 billion in foreign portfolio investment outflow was recorded in 2017, while foreign investors withdrew N642.65 billion during […]

Some concerned Nigerians have filed a suit against the payment of over N4.68 billion as ‘welcome package’ to the incoming members of the ninth National Assembly. In the suit filed at the Federal High Court, Lagos at the weekend, the Socio-Economic Rights and Accountability Project (SERAP), BudgIT and Enough is Enough Nigeria (EiE), are asking […]

The Securities and Exchange Commission (SEC) has maintained that Oando Plc was given sufficient time to clear itself of the alleged infractions it was penalised for. The News Agency of Nigeria (NAN) yesterday in Lagos quoted a statement by its Head, Corporate Communications, Mrs. Efe Ebelo, where the commission stated that the decision was for […]

Ahead of Tuesday’s inauguration of the 9th National Assembly, the ruling All Progressives Congress has endorsed Senator Ovie Omo-Agege for the seat of the deputy senate president. The decision was reached at the emergency meeting of the National Working Committee (NWC) of the party APC held between Saturday and Sunday chaired by Comrade Adams Oshiomhole. […]

A leading aspirant for the speakership of the House of Representatives, Mrs Nkeiruka Onyejiocha, has stepped down for Mr Femi Gbajabiamila. Gbajabiamila is the preferred choice of the ruling All Progressives Congress for the post. The director-general of the Gbajabiamila/Idris Wase campaign, Dr Abdulmumini Jibrin made this known at a parley between Gbajabiamila and scores […]

We are joined by a Gospel Music Minister, Bolarinde as she talks about the upcoming program “Worship Without Limit Series”.

The National Broadcasting Commission (NBC) yesterday shut down indefinitely the African Independent Television (AIT) and Raypower FM over alleged failure of the two broadcasting outfits belonging to Daar Communications Plc to abide by the commission’s directives, the provisions of the NBC Act Cap N11 Laws of the Federation of Nigeria and the Nigeria Broadcasting Code. […]

Two  Federal Road Safety Corps officers serving in Onitsha, Anambra State have allegedly strangled their colleague, one Emeka Ojei, to death for whistleblowing. It was gathered that the deceased had a damaging corruption allegation against one of his assailants which he wanted to submit to the headquarters of the corps. The suspect, it was gathered,  […]

Justice Okon Abang of the Federal High Court on Friday ordered the Independent National Electoral Commission (INEC) to issue Rochas Okorocha, a Certificate of Return. The Court ruled that the decision to deprive Okorocha of the certificate was a “lawless decision.” Abang held that only the returning officer of the INEC had the constitutional authority […]

President Muhammadu Buhari has revoked four oil mining and one prospecting licences. The Department of Petroleum Resources (DPR), which communicated the decision in a statement yesterday, said the revocation came on the backdrop of alleged non-compliance with statutory regulatory obligations. The agency said the revocation was to “recover legacy debts” allegedly owed by the affected […]

A Constitutional lawyer, Dr Kayode Ajulo, has joined other Nigerians in condemning the punishment meted to DAAR Communication, owner of Africa Independent Television (AIT) and Raypower FM by the National Broadcasting Corporation (NBC), saying it was too harsh. Ajulo said on Friday in Abuja that there were other punishments that could be employed by NBC […]

Mr Olusegun Runsewe, Director General, National Council for Arts and Culture, on Thursday commended the Central Bank Governor, Mr Godwin Emiefele, for developing a Creative Industry Financing Initiative. Runsewe gave the commendation in a statement in Lagos by his media aide, Mr Frank Meke.He said the Initiative, which would allow investors in the creative industry […]