Investors lose N130bn as 30 stocks slump

Investors in the nation’s stock market lost N130bn on Thursday as 30 firms saw their share prices decline at the end of trading. The Nigerian Stock Exchange All-Share Index fell…

FG inaugurates committee to standardise Nigeria’s agric exports

The Federal Government on Thursday inaugurated the Inter-Ministerial Technical Committee on Zero Reject of Agricultural Commodities and Produce/Non-Oil Exports from Nigeria. It said the move would  ensure the standardisation of…

NNPC, marketers differ on petrol price, queues surface

The Nigerian National Petroleum Corporation on Thursday said it had not effected any increase in the ex-depot price of Premium Motor Spirit and as such the pump price of the…

Electricity generation drops as idle plants rise to 11

The number of idle power plants on the national grid rose to 11 on Thursday, a day after a system collapse that plunged parts of the country into a blackout.…

NOUN cancels semester exam system

The National Open University of Nigeria has announced the cancellation of the recently approved restructuring of its examinations by semester. The Registrar of NOUN, Felix Edoka, according to a statement…

Nigeria, Benin Republic meet over weapons, drugs smuggling

The Minister of Foreign Affairs, Geoffrey Onyema, on Thursday, met with his Benin Republic counterpart, Aurelien Agbenonci, over the smuggling of small arms, light weapons and drugs into Nigeria. Onyema,…

Banks cut borrowings from CBN over excess liquidity

Deposit Money Banks have continued to reduce their borrowings from the Central Bank of Nigeria. The CBN attributed this new development to excess liquidity in the system. Banks borrowed N15.95bn…

PDP demands Magashi’s sacking for asking Nigerians to confront bandits

THE Peoples Democratic Party has demanded for the immediate sacking of the Minister of Defence, Maj. Gen. Bashir Magashi (retd.), for allegedly abdicating his statutory responsibility and asking unarmed Nigerians…

Miyetti Allah faction backs Bauchi gov on carrying AK-47 rifles

HERDSMEN under the aegis of Miyetti Allah Kautal Hore Fulani Socio-Cultural Association have risen in defence of the Bauchi State Governor, Senator Bala Mohammed, over his comments that herders possess…

Fayose, liability to PDP, says ex-National Assembly member

A former Senate Deputy Chief Whip, Senator Hosea Agboola, who is a political ally of Oyo State Governor, Seyi Makinde, has said former Ekiti State governor, Ayo Fayose, is more…