Players in the  electricity sub-sector, generation companies, GENCOs, distribution companies, DISCOs and Transmission Company of Nigeria, TCN, have continued to trade blames over the worsening electricity supply situation in the country. In the latest blame game, the GENCOs said the DISCOs are unserious on their mandate, while also accusing TCN of inability to transmit electricity due to inadequate and obsolete …

The Lagos State Government has commended Globacom for supporting, for the second consecutive time, the astonishing innovations introduced by the Governor Akinwunmi Ambode administration to the annual Lagos State Countdown to a new year now tagged, One Lagos Fiesta. Globacom was the exclusive telecommunications partner of the event which held between 24 and 31 December, 2016. In addition to the …

From Left: SP Awe Kayode of SEC Police Unit, SP Ogbuefi Henry-King Head of SEC police unit, Rev. Fr. Ukeje Samuel Ikechukwu, the Complainant, Mrs Ifunayanchi Atuorah and ASP Onuoha Uka when Ikechukwu was presented with a cheque of N1.5m recovered from illegal sale of his shares in Abuja, weekend   Advertisement

Senator Buruji Kashamu has warned that before anybody could succeed to extradite him to the US to face trial for drug-related offences, “about three, four or five people will die.” Kashamu, who described as illegal the move by the US to extradite him to the US to face alleged drug charges, said he believed that the Buhari government had integrity …

Fifty newly authorised dealing clerks have been admitted to trade on the floor of the stock market by the management of Nigerian Stock Exchange (NSE). The new stockbrokers who have been certified by the Chartered Institute of Stockbrokers (CIS), promised during their induction last Friday, to imbibe the discipline and follow to the later the tenets of their profession. Addressing …

From Left: Willie Sam Ndata, Doyen of Stockbrokers; Olunseyi Abe, President, Chartered Institute of Stockbrokers (CIS); Pai Gamde, Acting of Corporate Services Division, The Nigerian Stock Exchange (NSE); Oscar Onyema, Chief Executive Officer, NSE; Ade Bajomo, Executive Director, Market Operation and Technology, NSE; Mojisola Adeola, Head, Council Secretariat/ Council Secretary, NSE and  Steven Falomo, Head, Securities and Exchange Commission (SEC), Lagos …

A Non-Government agency, BudgIT, has tasked the Federal Government to make public, details of funds expended on projects executed in the domestic economy. BudgIT said this has become necessary in view of the recent controversies that is currently trailing the government’s position on the money spent on capital projects in 2016. A statement by the non-profit making organization made available …

The investor protection initiatives of the Securities and Exchange Commission (SEC) received a boost last weekend when an investor,  Rev. Fr. Samuel Ukeje Ikechukwu received a cheque for the sum of N1.5m for his share that were illegally sold. According to Ukeje who is resident in Italy, he bought the Guaranty Trust Bank shares eight years ago through Cashville Investment …

Transport Minister Rotimi Amaechi has given his side of the story on how two Bell helicopters imported by the Rivers State government ended up being seized by the Customs Service and handed over to the Nigerian Air Force. Amaechi was the governor of the state when the helicopters were ordered. A twist occurred when they arrived, he said. He accused …

Folake Sokoya The Operatives of Rapid Response Squad (RRS) of the Lagos State Police Command,  have arrested a 35 year old man, Abiola Hamzat and his accomplice, Adebayo Kazeem, 32, for stealing 20 bags of cement from a brick making company based in Agbado area of the state. The suspect was arrested by the Policemen after he had successfully stolen …