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CJN: Court dismisses suit challenging Justice Tanko Muhammad’s confirmation

A Federal High Court in Abuja has dismissed the suit seeking to stop the confirmation of Justice Tanko Muhammad as the substantive Chief Justice of Nigeria.
President Buhari receives in Congratulatory Visit Members of the Traditional Rulers Council in State House on 5th Mar 2019-2

CSOs: Nigeria risks ‘reputation damage’ if President Buhari fails to sign CAMA bill

Eleven civil society organizations in Nigeria have called on President Muhammadu Buhari to save the country from global embarrassment and possible ban by assenting to the Companies and Allied Matters Act (CAMA) Repeal Bill that was passed by the 8th Assembly.
Lafarge SA

Lafarge set to sell South African subsidiary

Lafarge Africa Plc says there is a proposal at hand to sell its 100% equity in Lafarge South Africa Holdings Limited (LSAH).

Shareholders approve Union Bank’s N54.5 billion capital restructuring

Shareholders of Union Bank of Nigeria (UBN) Plc have approved a proposal to cancel N54.46 billion accumulated permanent losses in the books of the commercial bank.

Union Bank shareholders endorse N54.4 billion share premium reduction

Shareholders of Union Bank of Nigeria (UBN) on Tuesday endorsed the proposed reduction of N54.4 billion from the bank’s share premium account aimed at restructuring its balance sheet for optimal performance.
Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission

Official: NCC plans to develop local content policy to reduce youth unemployment

Prof. Umar Danbatta, Executive Vice-Chairman (EVC), Nigerian Communications Commission (NCC) says the commission is ready to fully develop local content policy in the country, to reduce youth unemployment.

CAC registers 3,098,193 companies in 28 years

The Corporate Affairs Commission (CAC) said it had registered 3,098,193 companies and firms in Part A, B and C categories from its inception in 1990 to March 21.

FMDQ, RIMAN seek enhanced risk management practices

The FMDQ OTC Securities Exchange has commended the efforts of the Risk Management Association of Nigeria (RIMAN) in championing the professionalisation of risk Management in Nigeria, even as it stressed the need for enhanced risk management in the nation’s money market.
Senate President, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe the NNPC on diversion of dividends from the Nigerian Liquefied Natural Gas (NLNG).

Bukola Saraki: National Assembly will pass priority bills despite campaigns

Senate President Abubakar Bukola Saraki, on Monday assured Nigerians that legislative duties in the National Assembly would not be relegated to the background in view of the commencement of the 2019 electioneering campaigns.
Nigerian National Petroleum Corporation (NNPC)

NNPC to establish two condensate refineries

Nigerian National Petroleum Corporation says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day.

CAC de-registers African Arts and Culture Heritage Association

The Corporate Affairs Commission (CAC) has deregistered the African Arts and Culture Heritage Association (AACHA). This followed a petition by the National Council for Arts and Culture (NCAC).
Nigeria Air

Minister Sirika: How Nigeria Air’ll operate

Following a flurry criticisms by concerned Nigerians querying the alleged tardy process of floating a national carrier by the Federal Government in December, the Minister of State, Aviation, Hadi Sirika, on Tuesday, said no amount of sustained attack on the project can deter him from making it a reality.

Minister Sirika: Federal government not paying $300 million for 5% stake in Nigeria Air

The federal government Tuesday debunked what it termed malicious falsehood of it paying the sum of $300 million for a five per cent stake in Nigeria Air.
Minister of State for Aviation, Hadi Sirika unveiling the Nigeria Air in the UK

Minister: Federal government not paying $300 million for 5% stake in Nigeria Air

Hadi Sirika, minister of state for aviation, says the federal government is not paying $300 million for a five per cent stake in Nigeria Air.

IMF: Nigeria’s economic recovery still challenging

The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term.

IMF asks federal government to implement urgent ‘coherent policies’ to reduce vulnerabilities

An International Monetary Fund (IMF) Mission to Nigeria has asked the federal government to take urgent action “on a coherent set of policies to reduce vulnerabilities and increase growth over the medium term remains”.

Senator Saraki: Senate to revisit calls for state police

The Senate on Tuesday said it would revisit calls for State Police and design framework for mopping up 350 million light weapons suspected to be in circulation within Nigeria.

House of Representatives probe alleged misuse of $30 billion by NDPHC

Speaker of the House of Representatives, Hon. Yakubu Dogara, has said that the House will not relent until all allegations of misuse of N10.08 trillion (about $30 billion) by the Niger Delta Power Holding Company (NDPHC) is unravelled.

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Robert Lewandowski hits hat-trick as Bayern beat Schalke

Hat-trick hero Robert Lewandowski hailed the strength of Bayern Munich’s squad after securing a 3-0 victory over Schalke on Saturday, as new signing Philippe Coutinho made his Bundesliga debut for the German giants.
Helen Joseph

Nigerian ‘Iron Lady’ returns to face Martina Horgasz

Nigeria’s Helen ‘Iron Lady’ Joseph will fight Martina Horgasz from Hungary as she continues to rack up fights in her return to professional boxing.
Nigerian Stock Exchange NSE

Ellah Lakes shareholders approve fresh capital raise

Shareholders of Ellah Lakes Plc have approved the plan by the company to raise additional capital to pursue its growth plan. They gave the approval at the company’s Extra-Ordinary General Meeting, EGM, in Lagos.
Nigerian Stock Exchange NSE

SEC: Report on commodities trading expected to spur capital market, economy

The Securities and Exchange Commission, SEC, has disclosed that the report of Technical Committee, TC, on commodities trading ecosystem in Nigeria was being implemented and was expected to make the much desired impact on the commodities trading that would stimulate Nigeria’s capital market and economic growth.
Enyimba beat FC Ifeanyi Ubah 3-1 to climb on top of log table in the ongoing Nigeria Professional Football League (NPFL) Super Six on Monday at the Agege Stadium.

CafCL: Enyimba qualify, Kano Pillars dumped out

Enyimba have qualified for the next round of the CAF Champions League, after an emphatic 5-0 win over Rahimo FC of Burkina Faso in Aba on Sunday.