Nigerian Stock Exchange By Peter Egwuatu The equities gain recorded last week on the Nigerian Stock Exchange, NSE has rebounded as investors lose N57 billion in the two days trading session. Consequently, the major equities benchmark, NSE All-Share Index, ASI down by 108.32 points or 0.42 percent to close yesterday at 25497.32 points from 25605.64 on Friday. In …

By Dayo Johnson, Regional Editor, South-West, Udeme Akpan, Victor Young, Michael Eboh, Ediri Ejoh & Shina Abubakar Strong reactions have continued to trail the Federal Government’s deregulation of the downstream sector of the petroleum industry, following increase in pump price of petrol to between N160 and N162 per litre. Stakeholders in the polity, yesterday, dismissed figures reeled out by …

Senate By Joseph Erunke ABUJA-A total of 183 women organisations have appealed to the National Assembly to extend the dead for the submission of memoranda on the review of the 1999 constitution for between 30 – 60 days. The extension,the women groups said,would enable them, the civil society and other stakeholders to reach out to their networks and make …

…Hails Makinde’s giant strides in Oyo Former Minister of Aviation and chieftain of the Peoples Democratic Party (PDP), Chief Femi Fani-Kayode has condemned the increase in the pump price of petrol and electricity tariff, calling on the federal government to be sensitive to the plight of the masses. Fani-Kayode who spoke in Ibadan, the Oyo State capital also revealed …

By Gabriel Ewepu – Abuja Civil Society Organisations, Tuesday, angrily rose and rejected President Muhammadu Buhari’s move for more hike of fuel pump-price. On Monday, Buhari said there will be more increase in fuel pump-price according to international market forces, and so, Nigerians should brace up for the tough days ahead. Govt should sacrifice for Nigerians, slowdown borrowing …

refinery Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this during an interview on Saturday in Ile-Ife. He expressed displeasure with the failure of public and private sector stakeholders to establish standard …

Nine pharmaceutical companies pledged on Tuesday to “uphold the integrity of the scientific process” as they face pressure to quickly produce a coronavirus vaccine. In a joint statement, the drugmakers said they would only submit the vaccines for approval after demonstrating safety and efficacy through “large, high-quality clinical trials.” They promised to “always make the safety and well-being …

Senator Anietie Okon By Harris Emmanuel Elder statesman and former member of the Upper Chamber of the National Assembly, Senator Anietie Okon, has lent his voice to the controversy surrounding the contentious National Water Resources Bill, warning that Nigeria will be doomed if the National Assembly passes the bill. According to him, the onus lies on the National Assembly …

A Benin High Court on Tuesday awarded the sum of N2.52million in damages against the police authorities for detaining in custody seven men as suspects without trial for over two weeks. The police had arrested Wilfred Ogbewe, 52, Igbinobono Collins, 26, Salami Osayomore, 25, Odion Osayande, 23, Morgan Uwanboe, 47, Ifeoluwa Oladele, 36, and Agbonrere Festus, 25 over …

Vice President Yemi Osinbajo says there is a need for the relevant ministers and stakeholders to expedite action on the plan adopted to mitigate the effect of COVID-19 disruptions on the economy. Osinbajo’s spokesman, Laolu Akande, said the vice president made the call while presenting an overview of the Economic Sustainability Plan(ESP) at a 2-day First Year Ministerial …

By Bashir Bello A Chief Magistrate Court sitting in Kano has on Tuesday remanded a 35-year-old carpenter, Balarabe Usaini in a correctional facility for allegedly raping a 12-year-old girl. The Presiding Judge, Chief Magistrate Muhammad Idris, ordered the remand of Usaini till 17th September when the case was adjourned for mention. Usaini, was charged to court on a …

The Standards Organisation of Nigeria (SON) has destroyed four truckloads of substandard electric cables. Director-General, SON, Mr Osita Aboloma, at the destruction exercise on Tuesday explained that the substandard electric cables with no economic value were dangerous to both lives and property. Aboloma represented by the Director, Inspectorate and Compliance, SON, Mr Obiora Manafa, reaffirmed SON’s zero tolerance for …

Aare Onakakanfo of Yorubaland, Iba Gani Abiodun Ige Adams The Oodua Peoples Congress, OPC, has challenged labour unions and civil society groups to rise up and protest the recent hike in fuel pump price and electricity tariff, just as they did in the administration of former President, Dr. Goodlukc Jonathan. OPC also described the hike as an attempt to …

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) on Tuesday said that 2,884 Lagos State indigenes were rescued from traffickers in the last 16 years. The Director-General of NAPTIP, Dame Julie Okah-Donli, disclosed this at the State House, Ikeja during the inauguration of the Lagos State Task Force on Human Trafficking. According to her, 1,535 …

The UN Population Fund (UNFPA) in collaboration with the Bauchi State Ministry of Health, organised a four-day free Vesico Vaginal Fistula (VVF) repair camp at Gamawa General Hospital. The VVF repair camp in Gamawa Local Government Area of Bauchi State, also in collaboration with Fistula Foundation Nigeria (FFN), is funded by the Canadian Government, under the Global Affairs …

The Federal Road Safety Commission (FRSC), Zone 4 Command, has advised all traffic offenders earlier arrested but have yet to pay their fines, to do so immediately, or risk arrest. Mr Terry Hoomlong, Acting Zonal Public Education Officer, Zone RS 4 in a statement on Tuesday, said that the advice was given by ACM Kayode Olagunju, the Zonal …

Nnamdi Kanu, leader of Indigenous People of Biafra, IPOB. Senate Chief Whip and former Governor of Abia state, Senator Orji Uzor Kalu,  has appealed to Federal Government  to allow the  leader of the Indegenious People of Biafra ( IPOB) , Maazi Nnamdi  Kanu,  to return to Nigeria. Kalu said  negotiations of Kanu’s  return would also include his dropping of …

Gana (in black) being received earlier on Tuesday in Katsina-Ala by traditional rulers and youths of the areas, before he was taken away by the military. By Peter Duru Makurdi—There are strong indications that the wanted Benue militia leader, Mr. Terwase Agwaza, also known as ‘Gana’ has been seized by the military, thereby creating tension in the state. Agwaza, …

Socio-Economic Rights and Accountability Project (SERAP) has condemned “the patently unfair and arbitrary hike in electricity tariff and fuel price by the government of President Muhammadu Buhari. This is unjust to many people living in extreme poverty, and entirely incompatible with the Nigerian Constitution of 1999 [as amended] and the country’s international human rights obligations.” Kolawole Oluwadare, SERAP …