The stock market on Monday started the week on a negative note, as market capitalisation shed N76 billion or 0.32 per cent to close at N23.866 trillion compared with N23.942 trillion posted at the previous session. The All-Share Index (ASI) also declined by 140.64 points or 0.32 per cent to 43, 818.12 from 43,958.76 on Friday. As a result, the year-to-date (YTD) return fell to 2.63 per cent. Sell-offs in stocks of MTN Nigeria drove the market’s weak performance. A total of 187.09 million shares valued at N2.54 billion were exchanged in 3,324 deals. Market breadth closed positive with 12…
Author: Newsdesk
The Fiscal Responsibility Commission (FRC) on Monday said it generated N725 billion for the Federal Government, from independent revenue, in the first half of the year. The Chairman, Fiscal Responsibility Commission, Chief Victor Muruako, said this at the opening of a three-day technical assistance to sub-nationals/workshop on sustaining the gains of fiscal transparency and accountability in states in Lagos. The workshop, the third in the series, had “Strengthening Fiscal Management at State Level” as its theme. Independent revenues, which include interest on capital, dividends, rental incomes, among others are generated by agencies as captured by the Fiscal Responsibility Act of…
Overland Airline resumed flight services to Dutse on Monday after it had suspended same for seven years. The suspension came as a result of business misunderstanding between the airline and the state government, which has now been resolved. Managing Director of the airline, Mr Edward Boyo, said the airline would operate thrice weekly into the Dutse International Airport on Mondays, Wednesdays and Saturdays. He spoke at the resumption of flight services to the Jigawa capital. Boyo said the airline would eventually increase the number of weekly flight schedules from three days to five days, including Fridays as requested by state government…
A former president of the senate, Dr Bukola Saraki, says disagreement between the PDP Presidential Candidate, Atiku Abubakar, Rivers governor, Nyesom Wike and four other governors will soon be resolved. Saraki stated this in llorin on Monday while speaking with newsmen at the 10th remembrance prayer for his late father, the second republic politician, Dr Olusola Saraki. Saraki, also a former governor of Kwara said: “PDP will surprise Nigerians. We are going to work together to better the lot of Nigeria. “This is because we all think about the challenges of the nation and how to surmount them.” He said that children of the late sage…
The House of Representatives Committee on Aids, Loans and Debt Management on Monday grilled the Director-General, Debt Management Office (DMO), Ms Patience Oniha, over rise in domestic debts totaling N3.3 trillion in 2023. Rep. Ahmed Safana, the Chairman of the Committee in Abuja, expressed surprise at the astronomical increase in debt profile of the country through borrowing by the government. The committee rejected continuous borrowing by the Federal Government. According to the lawmaker, there is a huge increase in domestic and external debts from borrowed funds by the Federal Government and the DMO is entrusted with role of ensuring frequency of…
The Joint Admissions and Matriculation Board (JAMB), has announced the automation of curriculum, accreditation admission, and general administration matters between the board, tertiary institutions and their regulatory agencies, through its Interactive e-Brochure and e-Syllabus System (IBASS). The board Registrar, Prof. Ishaq Oloyede, disclosed this at a meeting with regulatory agencies and tertiary institutions from the Northern and Southern regions in Abuja on Monday. Oloyede said from January 1, 2023, the board would not receive any letter from any institution or agency except through IBASS. He said that IBASS would ensure seamless communication between JAMB, institutions and their regulatory agencies without…
Bebbi state governor, Atiku Bagudu has approved the release of N100 million to the Kebbi State Fishermen Cooperative Union (KSFCU). This is contained in a statement signed by the state Commissioner for Animal Health, Husbandry and Fisheries, Aminu Garba-Dandiga in Birnin Kebbi on Monday. Garba-Dandiga said that the gesture was in line with Gov. Bagudu’s commitment to boosting fish farming as well as empowering fishermen in the state. “Not less than 2,000 members of the association will benefit from the loan package which the governor pledged when they visited him in Government House, Birnin Kebbi, recently,” the commissioner said.
The Kaduna state government, said on Monday that the Nigerian Air Force (NAF) aerial patrols have targeted bandits’ locations and several bandits were neutralized, camps destroyed and some of their hostages escaped. The Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, confirmed the development in a statement issued in Kaduna. Aruwan said personnel of the Nigerian Air Force have conducted aerial patrols over identified bandit enclaves across flash points in the state. According to him, details of these missions were made known via operational feedback to the Kaduna state government. He disclosed that in Kawara area of Igabi…
The Federal Airports Authority of Nigeria (FAAN) has announced the reopening of the domestic runway of Murtala Muhammed Airport, Lagos to flight operations. ASHENEWS recalls that the runway, technically referred to as Runway 18L/36R, “was temporarily closed to flight operations on the 8th July, 2022, to allow for the completion of its ground lighting system.” However, a statement by the acting General Manager, Corporate Affairs of FAAN, Faithful A. Hope-Ivbaze emailed to ASHENEWS on Monday, said “With the project satisfactorily completed, the Runway can now be used for flight operations as necessary safety infrastructure e.g. approach lights, runway threshold lights,…
ASHENEWS reports Nigeria’s Defence Headquarters (DHQs) as releasing names of 19 most-wanted terrorists. It has also placed a reward of ₦5,000.000.00 (on each of the terrorists) for any person with useful information that would lead to the arrest of any of the wanted terrorists. Most wanted terrorists declared by Defence Headquarters Those declare wanted are: Sani Dangote who hailed from Dumbarum village, Zurmi LGA of Zamfara states; Bello Turji Gudda who hails from Fakai village of Zamfara state; Leko who hails from Mozoj vIllage, Mutazu LGA of Katsina state; Dogo Nahali of Yar Tamiya village, Kankara LGA of Katsina state;…