The nation’s bourse opened trading for the week on Monday on a positive note, growing by three billion naira. The News Agency of Nigeria (NAN) reports that the market capitalisation increased by three billion to close at N13.161 trillion against N13.158 trillion on Friday. Also, the All-Share Index (ASI) increased by 7.25 points or 0.03 […]
Senate members of the University of Lagos on Monday elected Professor Folasade Ogunsola as the acting Vice-Chancellor of the school. Two Deputy Vice-Chancellors, one from Development Services and the other from Management Services, vied for the position. Out of the 167 senate members who voted at the exercise, 135 voted for DVC Development Services while […]
Worried by the contraction in the country’s Gross Domestic Product (GDP), financial experts on Monday called on the Federal Government to suspend its request for external loans. They spoke in an interview with the News Agency of Nigeria (NAN) in Lagos, while reacting to the second quarter GDP figure released by the National Bureau of […]
The National Bureau of Statistics (NBS) says Nigeria’s Gross Domestic Product (GDP) decreased by -6.10 per cent (year-on-year) in real terms in the second quarter of 2020. This is according to the Nigerian Gross Domestic Product Report (Q2 2020) published on the NBS website on Monday. The report said that the decrease in GDP ended […]
Nigerians travelling via Dubai to an onward destination in Philippines can now enjoy the iconic Emirates A380 which made a one-off service to Clark International Airport on August 19th 2020, becoming the first commercial flight, utilizing the iconic aircraft, to operate to the Luzon-based airport. The special A380 service from Dubai to Clark and operating […]
Following the Federal Government’s directives on Friday that the University of Lagos Senate nominates an acting vice-chancellor, newly appointed acting VC, Prof Omololu Soyombo, has stepped down “with immediate effect”. The governing council led by the pro-chancellor, Dr Wale Babalakin, had appointed Soyombo last week after it sacked Prof Oluwatoyin Ogundipe. Soyombo, in a statement […]
Many persons were reportedly killed when some members of the Indigenous People of Biafra (IPOB) clashed with the police in Enugu state on Sunday. Policemen were said to have invaded a building when IPOB members were holding a meeting at Emene in Enugu. They reportedly resisted the attempt to disperse them, prompting the police to […]
The management of Chevron Nigeria Limited (CNL) says it has engaged the leaders of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) over the 175 workers laid off by one of its contract companies. Mr Esimaje Brikinn, the company’s General Manager, Policy, Government and Public Affairs, made this known in an interview with […]
More Nigerians stranded in the United Arab Emirates (UAE) have continued to return home following the evacuation of 252 persons from the Arab country on Saturday. Disclosing this in a tweet on its official handle, the Nigerians in Diaspora Commission (NIDCOM) said the evacuees landed at the Murtala Muhammed International Airport, Lagos via an Emirates […]
One of Nigeria’s leading airlines Dana Air has announced that it will introduce additional flights between Abuja and Lagos and commence Lagos to Owerri, Port Harcourt to Abuja from 28th August. Commenting on the airline’s increase in frequency, the Accountable Manager of Dana Air Obi Mbanuzuo said, “We introduced these additional flights based on the […]