FG Approves 50% Pension Balance of Ex-Nigeria Airways Workers

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Precious Olisa The Zamfara State Election Petition Tribunal sitting in Sokoto State has upheld the election of Mr Dauda Lawal as the governor of the state. Mr Lawal emerged victorious in the election after contesting to govern the state on March 18, 2023, under the platform of the Peoples Democratic Party (PDP). He defeated the immediate past Governor of the state and current Minister of State for Defence, Mr Bello Matawalle, with an impressive margin of 65,750 votes. The returning officer for the poll had announced that Mr Matawalle, the candidate of the All-Progressives Congress (APC), secured a total

By Adedapo Adesanya The Minister of Solid Minerals Development, Mr Dele Alake, has reiterated that his ministry would work with state governors to harness mineral resources for maximum socio-economic development of the country as the federal government seeks to explore all alternative revenue sources away from oil and borrowing. Mr Alake gave this assurance when the Governor of Nasarawa State, Mr Abdullahi Sule, paid him a courtesy visit in his office at the ministry’s headquarters in Abuja on Thursday. He noted that the ministry was determined and committed to harnessing the nation’s mineral resources, emphasising that Nasarawa State and other

By Adedapo Adesanya Oil futures rose more than 2 percent after giving up earlier losses to settle higher on Monday. The Brent crude, which went down earlier in the session, rose by 2.61 percent or $1.01 to sell at $39.74 per barrel, while the US West Texas Intermediate (WTI) crude futures, which had one point went back to $35, rose by 2.21 percent or $1.03 to trade at $37.06 per barrel. This was buoyed by renewed confidence in declines in global crude production even as the potential for a fresh hit to demand climbed on the back of increases in

By Investors Hub Asian shares advanced on Friday as a rebound by technology stocks on strong earnings and a drop in U.S. Treasury yields helped improve investors? risk appetite. The European Central Bank and the Bank of Japan maintained their policy mix, as widely expected, helping support underlying sentiment. Chinese shares reversed early losses to finish higher, led by healthcare stocks. The benchmark Shanghai Composite Index rose 7.15 points or 0.2 percent to 3,082.18, while Hong Kong’s Hang Seng Index climbed 272.99 points or 0.9 percent to 30,280.67. Japanese shares closed near three-month highs after the Bank of Japan kept

By Investors Hub The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to give back ground following the rally seen in the previous session. Lingering uncertainty about a potential U.S.-China trade deal may weigh on the markets, as new reports raised questions about the ?phase one? deal announced by President Donald Trump last week. A Wall Street Journal report noted questions remain about how much U.S. agricultural products China intends to buy and the time frame for the purchases, while a Bloomberg report said China wants tariffs rolled back before it moves forward.

By Modupe Gbadeyanka The Debt Management Office (DMO) on behalf of the Nigerian government auctioned some bonds to domestic investors at the primary market on Wednesday. During the exercise, the debt office sold the 30-year note at 8.94 per cent, lower than the previous 9.90 per cent the same paper went for about a month ago. This was influenced by the huge demand for the bond tenor, which received a subscription level of 409.8 per cent. From the results of the auction, Business Post gathered that investors staked N163.9 billion on the N40 billion worth of the debt put up

By Ahmed Rahma Nigeria’s foremost omnichannel e-commerce giant, Konga, is set to expand its retail footprint in Owerri, Imo state. The new facility, located at the popular Kez Plaza, Douglas Road, Owerri, will begin operations on Thursday, March 11, 2021, and to celebrate it, the company is offering shoppers a number of mouth-watering deals. The management of Konga further said the deals would end on Saturday, March 13, 2021, to enable more potential shoppers to take advantage of the special discounts and incentives put together to herald the launch of the new store. Ahead of the launch, Konga says it

By Dipo Olowookere The secondary market for treasury bills in Nigeria came under selling pressure on Thursday and this consequently expanded the yields. Business Post reports that the corresponding yields were stretched by 0.13 percent at the market yesterday to 12.92 percent at close of business. It was observed that apart from the one-month debt instrument, which suffered a yield depreciation, every other maturity tracked during the trading session closed green. Yield on the 30-day bill declined by 0.12 percent to settle at 11.93 percent against 12.06 percent it ended in the previous session at the secondary market. However, for

By Dipo Olowookere The 2550 hectares of land secured for farming activities by the Kwara State government under its Off-takers Demand Driven Agriculture (ODDA) scheme have been oversubscribed by youth farmers in the state. This information was revealed by Commissioner for Agriculture, Mr Bamidele Adegoke, in Ilorin, the state capital. Mr Adegoke expressed delight that more youth were showing interest in agriculture, adding that people need to consider agriculture as a business venture. The Commissioner also clarified that the state government was not acquiring land from communities for the estate farm development, but collaborating with communities that are willing to

By Aduragbemi Omiyale A banker with one of the new generation financial institutions, Ms Ugwumba Evangeline, has landed in a hot pot of soup over her involvement in a failed foreign exchange transaction. Ms Ugwumba, who is no longer on the payroll of her employers, had assured one Mr Daniel Igwe Onumah, that she could help him get the Dollar equivalent of about N14.1 million. It was said that Mr Onumah paid the said amount into an account belonging to Yo-yo Oku Trading Ventures to be transferred to his foreign partners. However, after the deposit, the operators of Yo-yo Oku