Politics

The Academic Staff Union of Universities (ASUU) has ordered its members across the country to commence an indefinite industrial action. This followed a meeting of leaders of the union on Sunday at the Federal University of Technology, Akure, the Ondo State capital. The National President of ASUU, Professor Abiodun Ogunyemi, told reporters that the union took the decision due to …

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Nigeria earned N207.54bn from crude oil and gas export in the first half of this year, falling short of the Federal Government’s target of N661.38bn. Oil constituted 61 per cent of the gross federally-collected revenue of N4.40tn in the period, while non-oil accounted for the balance of 39 per cent, according to a new economic report from the Central Bank …

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  …Buhari, Atiku, Moghalu, Ize-Iyamu, others make list A group of online opinion pollsters-Truly Independent Diaspora Electoral Officers (TIDEO), has sensationally revealed that eight presidential aspirants will come tops in the February 2019 poll. In its release dated November 1, which was obtained by our correspondent, the TIDEO came short of declaring who will actually win in the election. Of …

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…As 3 Banks fail liquidity ratio requirement The Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion to fraud and forgeries in the first six months of 2018. This is just as the banking sector regulator revealed that as of June 2018, three commercial banks did not have the prescribed minimum …

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The National Industrial Court of Nigeria has ordered the organised labour, comprising the Nigerian Labour Congress and the Trade Union Congress not to embark on its indefinite strike scheduled to commence on November 6. Justice Sanusi Kado, on Friday, gave the order in a ruling on an ex parte application moved on behalf of the Federal Government by the Solicitor-General …

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The Central Bank of Nigeria has stipulated N5 billion minimum capital requirement for the Payment Service Banks in the country. In a circular to all stakeholders on the guidelines for licensing and regulation of the PSBs, which was released on Thursday, it also gave N500,000 as non-refundable application fee, N2m non-refundable licensing fee, and N1m change of name fee. In …

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The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has commended Kaduna Polo Club for organising Kaduna Polo tournament in the last 100 years. Mr. Akinwuntan said the Kaduna Polo Club has distinguished itself to become the reference point for the Polo game in Nigeria and Africa. “We felicitate with the organisers of Kaduna Polo tournament for the last 100 years despite …

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The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) expanded to 56.8 points in October. The present position of the manufacturing PMI, indicated an increase for the 19th consecutive month. The CBN disclosed this in its October PMI report that was posted on its website. The index grew at a faster rate when compared to the index in …

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The Nigerian Aviation Handling Company Plc (nahcoaviance) has announced the appointment of Mr. Sehinde Fadeni Oladapo as its Chairman, Board of Directors. Oladapo takes over from Arc Usman Arabi Bello, who resigned from the position on Thursday, October 25, 2018. In a notice sent to the Nigerian Stock Exchange, (NSE),the Company stated that the appointment of Mr. Oladapo, who is …

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The Peoples Democratic Party’s governorship candidate in Lagos State, Mr. Jimi Agbaje, has announced a lawyer, Mrs. Haleemat Busari, as his running mate. The law graduate from the University of Lagos is a Director on the board of several blue-chip companies. She was a director in Zain Nigeria Ltd (now Airtel Nigeria, a leading telecommunications company) and a serving director …

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