The Chairman of the House of Representatives Committee on Capital Market and other Institutions, Herman Hembe, has said the failure of the capital market saw over N20 trillion of investors' funds going down the drain, stressing th...
The naira appreciated from near a month low on speculation it will be supported as stronger oil prices outweighed an increase in petrol import orders. The currency strengthened 0.3 per cent to 157.85 per dollar on the interbank market as of 5:48 ...
The National Union of Petroleum and Natural Gas Workers (NUPENG) has put its planned strike on hold following the intervention of government and all other stakeholders in the industry, a statement issued by the Nigerian National Petroleum Corporation (...
Transactions on the floor of the Nigerian stock market yesterday sustained bullish rally as investors continued to take position in the blue chip companies. Consequently, the market capitalisation of equities appreciated by N43 billion as market ...
Economic growth in Nigeria declined marginally in 2011 compared to 2010, data from the National Bureau of Statistics (NBS) have shown. Data from the NBS yesterday indicate that the economy, measured by the Real Gross Domestic Product (GDP), grew by 7.3...
The United Kingdom (UK) has confirmed that Italy’s intelligence services were told that two hostages had been located, but were not specifically warned a raid to release them was imminent. UK Defence Minister, Phillip Hammond, used a House of Com...
Senate Leader, Senator Victor Ndoma-Egba (SAN) yesterday attributed the delay for the review of the 1999 Constitution on the non-provision of funds for it in the 2011 budget. Ndoma-Egba made the clarification when national officers of the Nigerian Bar ...
A 17-year old man, Ifeanyi Chukwu Agah, has been found guilty of unnatural tendencies. The Upper Area Court, Mararaba, Nasarawa State, presided over by Judge Abdullahi Mairiga, on Monday, found the accused person guilty of having sexual relations...
The Congress for Progressive Change (CPC), yesterday, at its national headquarters in Abuja stated that the federal government was not sincere in managing the security challenges in the country. The National Publicity Secretary of the party, Engr Rotim...
Students of University of Jos, yesterday, took to the streets to protest the stabbing of two female mates at Naraguta Hall by some youths around the area. The protest march which took the students around Bauchi and Zaria Roads led to the blockage of th...
President Goodluck Jonathan has said that he will not turn any public information organ into uncritical mouthpiece of the government. The president who was represented by Vice-President Mohammed Namadi Sambo made this remark in Abuja, yesterday, while ...
Acting Inspector-General of Police (IGP), Mohammed Abubakar, yesterday, disclosed that President Goodluck Jonathan has approved a test run for a new camouflage uniform which would become the force’s new attire The IG who adorned the new camouflag...
Minister of State for Education, Mr. Ezenwo Nyesom Wike, has called on the South Korean Government to extend its investment in Nigeria to the construction of vocational and technical colleges in four more states to deepen the cooperation between the tw...
Two years after the extended time line for the completion of the contract for the dredging of River Niger, members of the House of Representatives have expressed fears that if concrete action was not taken, the project may be abandoned. This was just a...
The Ministry of Defence and the arms of the military in the country may soon be linked up with teleconferencing facilities in order to hasten intelligence gathering and security management. The Minister of Defence, Dr Bello Haliru Mohammed, disclosed t...