The Lagos Chamber of Commerce and Industry (LCCI) has hinged the 6.1 per cent Gross Domestic Product (GDP) contraction according to the National Bureau of Statistics (NBS) on the socio-economic disruptions of COVID-19 pandemic. Dr Muda Yusuf, Director-General LCCI made this known in an economic report released to newsmen on Monday in Lagos. Yusuf noted Read More…
Two young women fill the screen, reclining on a bed, talking about their hope of having children. They are protagonists in a new Nigerian film called “Ife” depicting their love story. The topic is controversial in Nigeria, where same-sex relationships are theoretically punishable by up to 14 years in prison. Producer Pamela Adie said “Ife” Read More…
Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent. Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close at 25,204.60 compared with 25,171.32 achieved on Wednesday. As a result, the Month-to-Date gain increased to Read More…
The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market. Yuguda said this in an address delivered at the first Capital Market Committee (CMC) meeting in 2020. The CMC is a medium for exchange of ideas among Read More…
The Nigerian Power industry has achieved yet another improved all-time national peak of 5,420.30MW, which was effectively transmitted through the national grid at a frequency of 50.10Hz at 9:15pm on Aug. 18. Ms Ndidi Mbah, General Manager, Public Affairs, TCN, confirmed the development in a statement on Thursday in Lagos. Mbah said this was the Read More…
The National Lottery Trust Fund (NLTF) on Thursday donated vital medical equipment to the Onikan Health Centre in Lagos. Dr Bello Maigari, the Executive Secretary/Chief Executive Officer of NLTF, said at the virtual inauguration and handing over of the medical equipment that the essence was to deliver world class medical facilities. Maigari said the equipment Read More…
The Nigerian Railway Corporation (NRC) on Thursday said that the Lagos-Ogun Mass Transit Train Services (MTTS) would resume very soon. The Lagos Railway District Manager, Mr Jerry Oche, made this disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos. “We are looking at resuming MTTS very soon. “We are putting finishing Read More…
The Rotary Club of Lagos Island, District 9110, has commended the frontline health workers who were committed to combating the COVID-19 pandemic in Nigeria. Its General Secretary, Prinka Puri, gave the commendation in a statement to commemorate the World Humanitarian Day (WHD) celebrated on August 19 annually. Puri said that COVID-19 pandemic had been curtailed Read More…
It was a carnival of sorts at various train stations along the Lagos-Ibadan rail as people gathered and hailed the Minister of Transportation, Mr Rotimi Amaechi and the Minister of Information and Culture, Alhaji Lai Mohammed, who rode on new trains in the company of top management staff of the Nigerian Railway Corporation (NRC). Elated Read More…
Nigerian COVID-19 deaths are fast approaching the 1,000 mark with 950 deaths announced nationwide so far. Consequently, the Federal Government has warned that the 945 deaths recorded in COVID-19 pandemic cases is a wake up call for citizens to take appropriate measures to avoid being infected. The Minister of Health, Dr. Osagie Ehanire, said this Read More…