News and Updates

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Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn. They made this call while speaking in exclusive interviews with our correspondents. The Director-General, Nigeria Employers’ Consultative Association, Mr Timothy Olawale, said despite the denial of the CBN that no N500bn was missing, there […]

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue. Rewane stated this in his presentation at the Lagos Business School Breakfast Session on May 8, a copy of which was obtained by our correspondent on Tuesday. He noted that […]

The Nigerian Stock Exchange has delisted Newrest ASL Nigeria Plc from its daily official list. The NSE, in a notice to investors dated May 13, 2019, said the entire issued share capital of the company was delisted from the daily official list of the Exchange on Monday, further to the market bulletin of February 27, […]

A Kano State high court Wednesday declared the appointment and the installation of four new emirs by the Kano State government as null and void. It ordered a return to status quo pending the hearing of the suit against the appointment of the emirs filed by one Rabiu Salihu Garwzo. Counsel to the plaintiff, Abubakar Balarabe Mahmoud […]

The people living on either side of the Ugandan-Rwandan border at Katuna never much considered the boundary: children crossed for school, workers moved freely and trade thrived. That harmony evaporated in February when Rwanda abruptly closed the crossing, with queues of cargo trucks and thronging merchants turned back as soldiers from both armies marshalled along […]

President Muhammadu Buhari has decried the excruciating poverty in the country, adding that the situation makes him uncomfortable. Speaking during the breaking of fast at Aso Villa on Monday night, the president regretted the failure of the elite to address the welfare and educational needs of the less privileged in the society. He charged the […]

A large-scale pilot of what has been called the world’s first malaria vaccine to give partial protection to children has begun in Malawi. The RTSS vaccine trains the immune system to attack the malaria parasite, which is spread by mosquito bites. Earlier, smaller trials showed that nearly 40% of the 5-to-17-month-olds who received it were […]

President Muhammadu Buhari has welcomed the acceptance of the United Nations (UN) Secretary-General Antonio Guterres to co-chair a session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad. President of the African Development Bank (AfDB) Dr. Akinwumi Adesina, who delivered the response of the UN chief […]

Nineteen people were said to have died in an accident involving an 18-seater bus in Gwaram Local Government Area of Jigawa State yesterday. They were said to have been burnt beyond recognition; while some others, including a baby, were injured. It was learnt that the baby was thrown out of the vehicle by his mother […]

Olam International Limited has said it will buy Dangote Flour Mill Plc for an enterprise value of N130bn. The Singapore-based agriculture trader is looking to expand in West Africa as part of a rejig of its portfolio. According to the company, the acquisition of Dangote Flour Mills Plc supports the strategy of the Grain and […]


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