Ten airlines, including Air France and KLM, will not fly into Nigeria from tomorrow, the day international flights resume in the country. The others are Etihad, Rwandair, Lufthansa, TAAG Angola Airlines, Air Namibia, Royal Air Maroc, South African Airways and Cape Verde airlines. While South African and Cape Verde airlines were barred because international flights Read More…
A global democracy rating agency, Freedom House, in its Freedom in the world 2020 report says Nigeria’s democracy is still ‘partly free’ with a below par rating of 47/100. While it scores slightly above par in terms of political rights with a score of 22/40, Nigeria still has some way to go in being tolerant Read More…
The National Emergency Management Agency (NEMA) has set a maximum 20 minutes target, within which to respond to emergencies and disasters across the country. AVM Muhammadu Muhammed (Rtd), Director-General of NEMA, announced the target at a one-day retreat for Heads of Territorial, Zonal and Operations Offices of the agency on Monday in Abuja. The theme 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…
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…
Activities on the trading floor of the Nigerian Stock Exchange (NSE) maintained a bullish posture on Friday with the market indicators appreciating further by 0.45 per cent. Specifically, the All-Share Index rose by 111.06 points or 0.45 per cent to close at 25,041.40 compared with 24,930.34 achieved on Thursday. Also, the market capitalisation inched higher Read More…
The Nigeria Centre for Disease Control (NCDC) has confirmed 354 new cases of COVID-19 in the country, bringing the total number of COVID-19 infections to 45,244. The NCDC made this known on its official twitter handle on Thursday. The health agency said that three more persons had died from the disease. According to NCDC, 45,244 Read More…
The market capitalisation of the Nigerian Stock Exchange (NSE) on Thursday advanced by N26 billion to hit N13 trillion mark. Specifically, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday. In the same vein, the All-Share which opened at 24,882.04 improved by 48.30 points or 0.19 per cent to Read More…
The Association of Licensed Mobile Payments Operators (ALMPO) on Thursday in Lagos elected Mr Jay Alabraba of PAGATECH, as its new Chairman. Alaraba was elected alongside other officers whose tenure would run from 2020 to 2022. The announcement of Alabraba’s emergence, along with other elected officers, was one of the highlights of the association ’s Read More…