A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said. The National Bureau of Statistics (NBS) said this in a report on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength data posted […]
The National Examinations Council (NECO) has scrapped the use of scratch cards for the conduct of its Senior Secondary Certificate Examination (SSCE). Instead, the board said it had procured 8,000 biometric machines for registration of candidates during the conduct of its examinations. NECO’s Board Chairman, Dr. Abubakar Saddiq, stated this during the commissioning of the […]
A student at the Department of Hospitality Management Technology, Lagos State Polytechnic, Ezekiel Mayowa, has killed himself after he was reportedly dumped by his girlfriend. The corpse of the 34-year-old part-time student was discovered in his residence at Eyita, Ikorodu, around 5am on Friday. He was said to have taken a poisonous substance suspected to […]
The Joint Admissions and Matriculation Board (JAMB) has released 4,636 more results of its recently conducted Unified Tertiary Matriculation Examination (UTME). The board’s Head, Media and Information, Fabian Benjamin, made this disclosure in a statement on Friday in Lagos. The released results were among the 34,120 that were initially withheld while announcing the results on […]
The nation’s foreign reserves rose by $295.12m to $45.087bn as of May 27 from $44.792bn on April 26, the latest statistics from the Central Bank of Nigeria revealed. The reserves, which rose from $43.041bn on December 17, 2018, to $43.047bn as of January 9, 2019, also maintained a steady rise from $42.87bn on March 12 […]
Nigeria’s Securities and Exchange Commission on Friday barred the CEO of oil company Oando , Wale Tinubu, from directing public companies for five years, it said in a statement. “Certain infractions of securities and other relevant laws were observed,” it said, referring to a SEC investigation. An Oando spokesman did not respond immediately to a […]
The Economist reviewed the first term of President Muhammadu Buhari and concluded that Nigerians became poorer during his first four years in office. The magazine, in the publication, which was posted on its website on Thursday, said while the Nigerian economy was “stuck like a stranded truck,” average incomes fell during the four-year period covering […]
Babajide Sanwo-Olu, governor of Lagos state, has signed an executive order to address issues of traffic control, potholes and sanitation in the state. According to a statement issued by Toro Oladapo, director, public affairs in the state ministry of information, “the order is to also ensure the attainment of zero tolerance for environmental abuse, including […]
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran. The 14-member Organization of the Petroleum Exporting Countries pumped 30.17 million barrels per day (bpd) in May, the survey showed, […]
By Foster Obi The Managing Director of the Federal Airports Authority of Nigeria, Capt Rabiu Hamisu Yadudu yesterday held a meeting with Airline Operators of Nigeria (AON) and Airline Operating Committee (AOC). A statement signed by Yakubu Henrietta, General Manager, Corporate Affairs, said the meeting was held at the Headquarters of the Authority in […]