politics

News Politics

Mr President, please call NDDC IMC to order

We are alarmed at the incident at the Public Hearing of the House of Representatives Committee probing the fraud allegations at the NDDC, which held today, Thursday, July 16, where the Acting Managing Director, Prof Keme Pondei, walked out on members of the committee. This is unprecedented in the history of this country that the […]

Business News Politics

United Capital grows H1 profit by 16% to N1.91bn

United Capital Plc has released its unaudited financial result for the half-year (H1) period ended June 30, 2020. Highlights of the result at the Nigerian Stock Exchange (NSE) show revenue of N4.45 billion in H1 2020, compared to N3.24 billion in H1 2019, representing 37 percent year-on-year (YoY) increase. Operating Income of N4.10 billion in […]

News Politics

Benue assembly chief whip install N10m worth security lights

As part of efforts to boost infrastructure development in his constituency, a member representing Ukum state constituency at the Benue state house of assembly Thomas Mlanga said he has spent over N10 million on the provision of security street lights in some communities in his constituency.The Ukum representative at the state assembly who said this […]

News Politics

Civil society group accuses Wike of frustrating NDDC probe

…asks Nunieh to submit self for investigation A civil society organisation, Civil Society Advocacy Group for Accountability and Probity, has accused the Rivers State governor, Nyesom Wike, of frustrating efforts of President Muhammadu Buhari to sanitise the Niger Delta Development Commission (NDDC). At a press conference jointly addressed by Solomon Adodo, convener, and Igwe Ude-umanta, […]

News Politics

I won’t accept disrespect to law makers- Buhari

….Reads riots acts to Ministers, heads of MDAs President Muhammadu Buhari on Thursday warned members of his cabinet, heads of Ministries, Departments and Agencies of the federal government over disrespect to the legislature. The President, in a statement by the Presidential Spokesman, Garba Shehu, warned that disrespect to the institution by any member of the […]

News Politics

Nigeria looks to sun in fight against Covid-19

One morning in early June a young man was carried in to the National Orthopaedic Hospital in Lagos with a gunshot wound to his right lower leg. The wound had become severely infected and the patient was unlikely to survive without emergency surgery. There was another complication. His high fever and laboured breathing suggested signs […]

News Politics

Ex-NIMASA boss bags seven years for N1.7b fraud

Justice I.N. Buba of Federal High Court, sitting in Ikoyi, Lagos on Wednesday, July 15, 2020 convicted and sentenced Captain Ezekiel Bala Agaba, a former executive director, Maritime Safety and Shipping Development, in the Nigerian Maritime Administration and Safety Agency, NIMASA to seven years jail term for N1.7billion fraud. According to a statement issued on Wednesday […]

News Politics

Alleged fraud: Magu released from custody, to face Malami in full-scale ‘war’

After over one week of being in detention over allegations of corruption levelled against him by the Attorney General and Minister of Justice, Abubakar Malami, the suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, was released from police custody Wednesday evening.  One of Magu’s lawyers, Tosin Ojaomo, who had filed a bail […]

Health News Politics

India’s Glenmark Pharma cuts price of COVID-19 drug by 27% to N380 per tablet

India’s leading drug manufacturer, Glenmark Pharmaceuticals on Monday said it has cut price of its antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate COVID-19, by 27 per cent to Rs 75 or about N380 per tablet. Glenmark Pharmaceuticals had launched FabiFlu last month at a price […]

News Politics Technology

Mobil, MTNN, Zenith, GTB, other stocks cause market’s negative start

NSE ASI down 0.44%, dips 1.14% month-to-date Nigeria’s stock market opened this week trading (Monday July 13) on a negative note, corroborating BusinessDay’s earlier report that the market will remain pressured this week. The continued spread of the Coronavirus and its negative impact on major global and domestic indicators remain a source of worry to […]