President Muhammadu Buhari has ordered the immediate withdrawal and replacement of security agents undermining the country’s border closure policy. In a statement issued Saturday by Femi Adesina, the special adviser to the president on media and publicity, Mr Buhari also directed that the respective organisations of the security agents should mete appropriate disciplinary actions to […]
Month: February 2020
FG to reopen Kara Bridge on 1st of March
The Federal Controller of Works, Lagos, Mr Adedamola Kuti, has said Berger/Kara Bridge section of the Lagos-Ibadan Expressway will be opened to motorists on Sunday, March 1. Kuti told journalists on Saturday afternoon that construction work had been completed on that portion of the road. He said the Magboro-Punch axis would be opened on March […]
CBN to seize private jets belonging to loan defaulters
Central Bank of Nigeria Governor, Godwin Emefiele, has said the private jets belonging to loan defaulters would be seized. Emefiele, who spoke on Saturday during a visit to the Dangote refinery and fertiliser project site in Lagos, said the chunk of the loans in the Asset Management Corporation of Nigeria was being owed by Nigerians. […]
Disease pandemic: prices of face masks, hand sanitisers skyrocket
Less than 24 hours after the news of Nigeria’s first Coronavirus case made the global headlines, owners of supermarkets and pharmacies are beginning to run out of stock following unprecedented demand for personal protective equipment such as face masks, infrared thermometer and hand sanitisers. According to the coordinator of Pharmalliance Network Nigeria, Mr. Adeshina Opanubi, […]
Italian Serie-A matches postponed over Coronavirus fears
Torino’s Italian defender Armando Izzo (L) fights for the ball with Juventus’ Portuguese forward Cristiano Ronaldo during the Italian Serie A football match between Juventus and Torino on May 3, 2019, at the Allianz Stadium in Turin. (Photo by MARCO BERTORELLO / AFP) Five Italian Serie-A weekend matches including Sunday’s clash between Juventus and Inter […]
Nigerian stocks fall to 2 months low after country records first case of coronavirus
Nigerian stocks fell 1.63% to their lowest level in two months after the West African country recorded its first case of coronavirus. An Italian man who arrived in Nigeria three days ago has become the African country’s first case of coronavirus, the health minister said on Friday, as infections spread rapidly worldwide. Reuters Pix: Nigeria […]
Oil Prices Plunged More Than 3% as Coronavirus Threat Looms; OPEC Meeting Looms
Oil prices plunged more than 3% and traded near their 2017 lows as reports around the coronavirus health crisis worsened. U.S. Crude Oil WTI Futures plunged 3.1% to $45.62 by 1:35 AM ET (05:35 GMT). International Brent Oil Futures slid 2.8% to $50.28. Investor sentiment continued to worsen as countries around the world reported more […]
Ikeja Electric Appoints Folake Soetan as Acting CEO
By Foster Obi Ikeja Electric Plc has announced the appointment of Mrs. Folake Soetan as its Acting Chief Executive Officer, effective March 2nd, 2020. A statement by the company said Mrs. Soetan takes over from Dr. Anthony Youdeowei who has been the CEO for the last four years. It noted that Youdeowei presided over Ikeja […]
Coronavirus: Lagos begins search for infected Italian contacts
The Lagos State State Government has begun a search for all the contacts of the Italian who brought coronavirus to Nigeria. This was contained in a press statement by the Ministry of Health in Lagos State on Friday. The statement signed by the Lagos Commissioner for Health, Prof Akin Abayomi, expressed concern that the disease […]
House to investigate Julius Berger, others over ‘contract monopoly’
The House of Representatives has mandated its works committee to investigate “the slow pace of work on three critical projects” and a perceived conflict of interest due to Julius Berger’s involvement in the projects. The committee was also tasked to ascertain the capacity of the company to deliver the projects as well open the financial […]