Author: darelasisi@gmail.com

The Nigerian Stock Exchange (NSE) crucial market indicators closed trading on Friday with a marginal growth of 0.03 per cent. Specifically, the market capitalisation of listed equities rose by N4 billion or 0.03 per cent to N13.071 trillion from N13.067 trillion on Thursday. Also, the NSE All-Share Index appreciated by 8.57 points or 0.03 per cent to 26, 851.68 against 26,843.11 achieved on Thursday. Guinness led the gainers’ table during the day, increasing by N2.60 to close at N28.60 per share. Flour Mills followed with a gain of N1.05 to close at N16.25, while Cement Company of Northern Nigeria gained…

An All Progressives’ Congress (APC) Chieftain in Oyo State, Alhaji Kehinde Olaosebikan, has described the recent border closure as a bold step by Muhammadu Buhari’s government to revive the nation’s economy. The APC chieftain told the News Agency of Nigeria (NAN) on Friday in Lagos that the border closure would bring about “a real turn around for the nation’s economy, if the opportunity was well utilised”. “For instance, it has shown that most of our neighbours are virtually living on us; they make huge money, earn humongous foreign exchange for their countries out of our large population and size. “A…

An All Progressives’ Congress (APC) Chieftain in Oyo State, Alhaji Kehinde Olaosebikan, has described the recent border closure as a bold step by Muhammadu Buhari’s government to revive the nation’s economy. The APC chieftain told the News Agency of Nigeria (NAN) on Friday in Lagos that the border closure would bring about “a real turn around for the nation’s economy, if the opportunity was well utilised”. “For instance, it has shown that most of our neighbours are virtually living on us; they make huge money, earn humongous foreign exchange for their countries out of our large population and size. “A…

Mr Suileman Adamu, the Minister of Water Resources, says the Federal Government has commissioned no fewer than 700 water projects in Ogun and Kano states in the last two years. Adamu, who disclosed this at the News Agency of Nigeria (NAN) forum in Abuja on Friday, said the projects were under the Partnership for Expanded Water Supply, Sanitation & Hygiene (PEWASH). NAN recalls that PEWASH was launched by Prof. Yemi Osinbajo in 2016 in a bid to achieve the Sustainable Development Goal (SDG) Six and to address the challenges being faced in the water supply, sanitation and hygiene sub-sector. Cue…

President Muhammadu Buhari has felicitated with the board, management and staff of the Nigerian Tribune Newspapers on its 70th anniversary. In a statement by his spokesman, Mr Femi Adesina in Abuja on Friday, the President extolled the founder, Chief Obafemi Awolowo, whose legacies in almost all sectors had continued to speak of his patriotism, intellect and unusual wisdom. Buhari believed that the Nigerian Tribune, founded at the height of nationalist movement in 1949, had played a crucial and historical role in Nigeria’s struggle for Independence. According to him, the Nigerian Tribune has sustained the same activism in the post-colonial era…

A training helicopter belonging to the Nigerian Air Force (NAF) has crashed in the NAF Base in Enugu after returning from a routine training exercise. According to NAF twitter account on Friday in Enugu, the crash occurred on Thursday after a routine training. It said that although there were casualties, the cause of the incident was still sketchy and unknown. @NigAirForce twitter that was re-twitted by Air Commodore Ibikunle Daramola‏, reads; “NAF helicopter suffers mishap upon landing in Enugu. “Helicopter has crashed on landing in Enugu after a routine flight today. Fortunately, there were no fatalities or injuries to any…

Democracy is earning the power to govern through free, fair and credible elections. Nigeria is a democratic state, but the leadership recruitment process is largely undemocratic. Material and financial inducements determines victory, the security agencies are political, and the umpire lacks the capacity and will to conduct credible polls. Public sovereignty is departing the ballot for court as the 2019 general elections produced about a thousand petitions. Subjecting almost every electoral victory to judicial confirmation is making voting lose its essence. Like every human, judges are prone to errors as much as they have preference. Hence, their verdicts can’t always…

Mrs Busola Dakolo, wife of Nigerian singer Timi Dakolo, has vowed to take her rape case against Pastor Biodun Fatoyinbo, founder Commonwealth of Zion Assembly (COZA), to the Appeal Court following decision of an FCT High Court to declare it “statute barred”. The decision came after the Court sitting in Bwari, ruled on Thursday that the matter was filed out of time because the events that crystallized to form the cause of action took place 16 years ago. The Court presided over by Justice A.O Musa, also ruled that the claimant, Mrs Dakolo, had only six years within which to…

Civil Society Organisations (CSOs) have urged individuals and group to desist from protesting at the Headquarters of Department of State Services (DSS) to avoid breach of national security. The call was made in a statement issued on Friday by Guardians of Democracy and Development (GODD), Tiv Youth Council (TYC) Worldwide, Empowerment for Unemployed Youth Initiative (EUYI) and nine other groups. The CSOs led by Mr Solomon Adodo, National Convener, GODD and Mr Mike Msuaan, National President, TYC, stated that the call became necessary following protests by different groups at the DSS office for the release of activist Mr Omoyele Sowore.…

Nigeria, the Republic of Benin and Niger, have established a joint border patrol team comprising the Police, Customs, Immigration of the tripartite countries to recommend a date for the reopening of the borders. The three countries agreed in a resolution on Thursday in Abuja at the end of the Tripartite Anti-Smuggling Committee Meeting of Nigeria, Benin and Niger. Reading the communiqué at the end of the meeting, Nigeria’s Foreign Affairs Minister, Geoffrey Onyeama, said the meeting took note of all concerns raised and agreed to establish a monitoring and evaluating committee of the three countries. Onyeams said that the committee…