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Minister orders sack of rail workers over ticket racketeering

The Minister of Transportation, Mr Rotimi Amaechi, has directed that the station managers, porters, and ticket officials at Idu and Rigasa rail stations be removed for alleged ticket racketeering at the stations.

EU calls emergency summit to deal with egg contamination scare

The European Commission has called for an emergency summit to deal with the fallout of the contaminated eggs scare.

Markets slide, dollar slumps as North Korea fears spike

Asian equities extended heavy losses Friday as a worldwide sell-off triggered by US President Donald Trump doubling down on his North Korea rhetoric showed no sign of abating.

BAT denies involvement in N30trn revenue leakage

In reaction to the ongoing probe into the alleged involvement in N30 trillion revenue leakage, the British American Tobacco Company says it has never owed a dime in customs duty payments.

US company offers to fund renewed search for MH370

Relatives of passengers aboard missing flight MH370 have demanded Malaysia accept a US exploration firm's offer to take up the hunt for the aircraft, which was suspended earlier this year.

Nigerian equity market down by 0.11 per cent

The Nigerian Stock Exchange (NSE) on Thursday recorded the first loss in the month of August with the market indices dropping by 0.11 per cent due to profit taking.

Kano govt, Dangote sign $150m solar power project

Kano State Government and the Dangote Group, Thursday in Kano, signed a Memorandum of Understanding (MOU) for the proposed construction of a N150 million dollars solar power plant in the state.

Oil climbs to $53 as Saudi Arabia promises further cuts

Oil prices rose on Thursday lifted by a sustained decline in inventories and Saudi Arabia’s preparedness to cut crude supplies to its prized Asian customers.

Experts explain growth in Nigerian stock market

Some financial experts on Thursday attributed the ongoing rally on the Nigerian Stock Exchange (NSE) to renewed foreign inflow and portfolio rebalancing on the strength of second quarter results.

DISCO disrtributes150,000 pre-paid meters free

The Port Harcourt Electricity Distribution Company (PHED) said it was currently distributing pre-paid meters free of charge to consumers in Akwa Ibom, Bayelsa, Cross River and Rivers.

Nigeria needs stable power to revive economy – lawyer

Nigeria needs stable and uninterrupted power supply to get out of its current economic challenges, an Ilorin-based legal practitioner, Mr. Kehinde Adekunle has said.

Afreximbank opens shareholding to investing public

Supranational trade finance bank, African Export-Import Bank (Afreximbank), says it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts.

Foreign reserves reach $31.22bn, first time in 2 years

Nigeria’s foreign exchange reserves rose to $31.22 billion, data from the Central Bank of Nigeria, CBN, have shown.

Customs, agencies must obey presidential orders – Enelamah

Apparently worried by the frustrations faced by industrialists in the hands of the Nigerian Customs, the Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, has frowned at the unnecessary bureaucracy and bottlenecks enthroned by the agency in dealing with investors.

Naira sustains gain at parallel market

The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday.

Market maintains positive streak, records 42% year-to-date growth

The Nigerian stock market maintained its positive performance wednesday, surging further to record a year-to-date growth of 41.9 per cent.

Informal economy not enough to handle Africa’s workforce explosion – IMF

Unemployment in Nigeria, sub-Saharan Africa’s largest economy, is running at more than 14 percent and climbing; in South Africa, the second largest economy, it is over 27 percent. For youth in both places, it is far more.

NPA chief emerges VP of Int’l Association of Ports and Harbors

Hadiza Bala Usman, managing director of the Nigerian Ports Authority (NPA), has emerged vice-president (Africa Region) of the International Association of Ports and Harbors (IAPH).

Recent Stories

NAF chief tasks personnel on civil-military relations

The Chief of Air Staff, Air Marshal Sadique Abubakar, on Saturday implored Nigerian Air Force (NAF) personnel to maintain good civil-military relations in order not to put the Force in disrepute.

PDP denies reported romance between Bayelsa governor, petroleum minister

The Peoples Democratic Party Youth Network has called on Bayelsans to ignore a wild rumour being peddled by unscrupulous characters about a purported meeting between Governor Seriake Dickson and the Minister of State for Petroleum Resources, Chief Timipre Sylva.

General Abdulsalami: We cannot bequeath chaos, disunity to future generation

A former Head of State, General Abdulsalami Abubakar has called on Nigerians to raise the bar of peace in all their endeavors.
flood

Floods submerge 150 communities in Kogi

Kogi Commissioner for Environment and Natural Resources, Mr Sanusi Yahaya, announced that over 150 communities have been submerged following floods in nine Local Government Areas (LGAs) of the State.

Man dies while jogging at Cross River university

Tragedy struck the Cross River University of Technology, CRUTECH, community, Calabar, as a popular shop operator, Goody, died while jogging at the wee hours of Saturday.