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Daily Archives: May 19, 2020

NIMASA, Navy Arraign 10 Pirates For Prosecution With Anti-Piracy Law

NIMASA, Navy Arraign 10 Pirates For Prosecution With Anti-Piracy Law

By Kenneth Jukpor Ten pirates who hijacked a Chinese fishing trawler HAILUFANG II, have been apprehended and handed over to the Nigerian Police by the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy. The pirates, apprehended by ...

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PDP rejects curfew extension

PDP rejects curfew extension

The Peoples Democratic Party on Monday said it had noted the alleged assumption of Presidential powers by the Secretary to the Government of the Federation, Mr. Boss Mustapha who announced an additional two weeks for the partial lifting of the ...

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Ministry sets up 11-man committee for National Sports Festival’s new date

Ministry sets up 11-man committee for National Sports Festival’s new date

The Sports Ministry has set up an 11-man committee to look at a new possible date this year for the National Sports Festival, which was postponed due to the outbreak of the COVID-19 pandemic. Despite some divergent views by some ...

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NFF may finalise Rohr’s new contract next week

NFF may finalise Rohr’s new contract next week

• Federation mandates committee to meet on resumption of football activities The Nigeria Football Federation (NFF) has begun moves to finalise Super Eagles Manager, Gernot Rohr’s new contract within one week, with a view to getting the German ready to ...

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Stock market indices gain N36 billion

Stock market indices gain N36 billion

Following price gains recorded by most blue-chip stocks, the Nigerian equities market commenced trading for the week on a positive note yesterday, as investors’ wealth appreciated by N36billion. Specifically, at the close of transactions yesterday, the All Share Index (ASI) ...

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CBN, NNPC to spend N1bn on 3,000 returnees

CBN, NNPC to spend N1bn on 3,000 returnees

The Central Bank of Nigeria and the Nigerian National Petroleum Corporation have agreed to spend over N1bn on the quarantine and feeding of over 3,000 Nigerians awaiting evacuation in foreign countries. The two organisations are expected to share the over ...

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‘FG to spend more relocating aviation agencies to Abuja’

Aviation workers seek four-month extension of agencies hqs relocation

• Workers to receive full allowances before transfer The directive to immediately relocate headquarters of all aviation agencies from Lagos to the Federal Capital Territory (FCT), Abuja, will cost the Federal Government more of scarce resources. Aviation stakeholders, made up ...

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Fuel pump price may rise in June as oil heads towards $40 per barrel

Fuel pump price may rise in June as oil heads towards $40 per barrel

If the Federal Government’s pricing template is anything to go by, Nigerians may have to brace for an increase in the pump price of fuel as oil prices begin to head towards the $40 region, following countries’ eased lockdown measures, ...

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ExxonMobil donates vehicles for COVID-19

ExxonMobil donates vehicles for COVID-19

Mobil Producing Nigeria, an ExxonMobil affiliate, has said it is donating 22 additional vehicles including two ambulances and medical supplies to various state governments and the Nigeria Centre for Disease Control to assist in the country’s fight against the COVID-19 ...

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DBN tasks SMEs on sustainability measures

DBN tasks SMEs on sustainability measures

The Development Bank of Nigeria Plc has advised micro, small and medium enterprises in the country to reinvent their current business models to enable them to leverage growth opportunities for their businesses in the post COVID-19 era. A statement from ...

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