Author: darelasisi@gmail.com
The Sokoto Fire Service has confirmed a fire outbreak that gutted part of the old market in Sokoto which destroyed about 20 shops. Mr Mustapha Abubakar, the Head of Operations in Sokoto Fire Service, told the News Agency of Nigeria (NAN) on Tuesday that the inferno started at about 11:00 p.m on Monday and lasted till about 2:00 a.m on Tuesday. Abubakar said that the affected shops included those belonging to those selling cosmetics and cloths, adding that officials were at the scene investigating the cause of the incident and the damages. He said that an accurate report would be…
The Nigerian Stock Exchange (NSE) on Monday predicted that crude oil price and production, global economy, political stability, and business environment were key factors that would determine Nigeria’s economic outlook in 2020. NSE’s Chief Executive Officer, Mr Oscar Onyema, made the prediction at the 2019 Market Recap/2020 Outlook in Lagos. Onyema affirmed that the dynamics of crude oil price and production would continue to influence the capital markets and large economy because of Nigeria’s reliance on oil for foreign reserves. He said that the current US and Iran crisis, oil supply shocks and progress in trade negotiations between the US…
As part of programmes marking its 30th anniversary, Home Science Association Secondary School, Ajegunle-Alakuko, Lagos will be ringing the bell at the Nigerian Stock Exchange in Lagos. According to Investopedia, the ringing of the opening bell refers to the moment a securities exchange opens for its normal daily trading session. For HSASS, the bell will be rung on January 28, 2019, by the President of the school, Mrs. Anna A. Amodu. The programme of the event for the 30th anniversary released by a Vice-Principal of the school and Chairman of the Organising Committee, Mrs. B. F Adepoju, revealed that the…
The Central Bank of Nigeria, CBN, has rescheduled its first meeting of the Monetary Policy Committee (MPC) for 2020. According to a terse statement by the Director of Corporate Communications, Isaac Okorafor, the meeting earlier slated to hold on Monday and Tuesday, January 20 and 21, 2020, respectively, has now been rescheduled for Thursday and Friday, January 23 and 24, 2020. “The CBN regrets any inconvenience this change may have caused its stakeholders and the general public,” Okorafor stated.
By Harry Awurumibe, Head, Abuja Bureau A mammoth crowd and irritating noise warranted the security operatives deployed at the Supreme Court of Nigeria, Abuja Monday morning to bring in Police dogs to help to restore sanity for the Chief Justice of Nigeria (CJN) Justice Tanko Muhammad to continue the hearing of the governorship appeals from six states of the federation slated for today. Justice Muhammad had frowned at the inability of the security operatives to control the crowd and the noise level inside Court 1. He had led a seven-man panel of justices hearing the appeals from the governorship elections…
Ekiti State Governor, Dr Kayode Fayemi, on Monday, flagged off the construction of four major roads linking seven local government areas of the State. The roads are Agbado-Ode-Isinbode- Omuo road linking Gbonyin and Ekiti East local government areas; Ilupeju- Ire- Ijan-Igbemo road linking Oye, Gbonyin and Irepodun-Ifelodun local government areas; Oye-Ikun-Otun-Dairy farm road which links Oye, Ilejemeje and Moba council areas, and Aramoko-Erijiyan-Ikogosi road in Ekiti West local government area. Flagging off the construction works, the governor reiterated the commitment of his administration to meeting the aspiration of the people for infrastructure. He also challenged the people on their civic…
Oyo State Governor Seyi Makinde, has declared that his government would not demolish any property to facilitate road construction without adequately engaging with the owners and paying due compensations. Governor Makinde stated this during an assessment tour of the abandoned Kuola-Jankata-Benbo-Apata Road on the Akala Expressway, which connects the Lagos-Ibadan expressway to the Ibadan-Abeokuta Road. He noted that his Government would ensure the completion of the project, adding that the project was already captured in the 2020Budget. A statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, indicated that the Governor was in company of the…
Britain’s Prince William and his younger brother Harry publicly denounced an “offensive” newspaper report about their relationship on Monday as the royals met for crunch talks to discuss the future roles of Harry and his American wife Meghan. The Times, citing an unnamed source, reported that Harry and Meghan had been pushed away by “a bullying attitude” of William who had not been welcoming to Meghan. “In spite of clear denials, a false story ran in a UK newspaper today speculating about the relationship between the Duke of Sussex and The Duke of Cambridge,” said the statement issued by the…
Alhaji Lai Mohammed, the Minister of Information and Culture as well as his Interior counterpart, Rauf Aregbesola, on Monday visited the Alaafin of Oyo, Oba Lamidi Adeyemi, to honour him on his 49th coronation anniversary. The News Agency of Nigeria(NAN) reports that the ministers in company with Sen. Babafemi Ojudu, the Special Adviser to the Vice President on Political Matters, arrived the monarch’s palace in Oyo town on Monday. NAN also reports that the monarch, as part of activities marking his 49th coronation anniversary, also installed renowned Fuji musician, Wasiu Ayinde, popularly known as KWAM 1, as Mayegun of Yorubaland.…
President Muhammadu Buhari on Monday signed the Finance Bill into law to support the implementation of the 2020 budget. Buhari made this known via his Twitter handle saying “I am pleased to announce that this morning I signed into law the Finance Bill, 2019. “This is the first time, since the return of democracy in 1999, that a Federal Budget is being accompanied by the passage of a Finance Bill specially designed to support its implementation and to create a truly enabling environment for business and investment by the private sector. “I thank the leadership and members of the Ninth…