Schools To Reopen August 4 For Graduating Students

Schools – The Nigerian Government has said secondary schools in the country will reopen on August 4, 2020, for students in graduating classes. The government disclosed this at the end of a virtual consultative meeting between the Federal Ministry of Education, commissioners for education of the 36 states, the Nigerian Union of Teachers, the proprietors […]

Akpabio Names Lawmakers On NDDC Contracts’ List

Akpabio – The Minister of Niger Delta Affairs, Godswill Akpabio, has linked some members of the National Assembly to some contracts awarded by the Niger Delta Development Commission, The PUNCH reports. Akpabio, however, did not state if the lawmakers were directly awarded the contracts or they nominated the projects under their Zonal Intervention Projects, also […]

COVID-19: Nigeria may resume international flights October

COVID-19 – Nigeria may reopen its airports for international flights in, or before, October after being forced to shut as a result of the COVID-19 pandemic, government officials said Tuesday. President Muhammad Buhari had in March ordered the suspension of international flights to curb the influx of imported cases of the virus in the country. […]

Banks now to seize defaulter’s funds in other banks

Banks – The Central Bank of Nigeria, CBN, has issued guidelines on the Global Standing Instruction, GSI, which enables banks to seize loan defaulters’ money in other banks. The apex bank said the GIS guideline, obtained, yesterday, was to enhance loan recovery in the banking sector. It said: “The GIS shall serve as the last […]

Akpabio – PDP Pressures President Buhari for Corruption Investigation

Akpabio – PDP – Peoples Democratic Party has asked Nigeria’s President, Muhammadu Buhari, to probe Godswill Akpabio, Minister of Niger Delta Affairs, over allegations of gross corruption. The PDP in a statement by its Publicity Secretary, Kola Ologbodiyan, said Akpabio should step down following revelations by the sacked Acting Managing Director of the Niger Delta […]

Nigeria’s stock market opens week with N55bn loss

Nigeria’s stock market – The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion. Also, the All-Share Index (ASI) dipped 105.76 points or 0.44 per […]