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Daily Archives: April 5, 2018

Equity market reverses loss streak, gains 0.31%

After two days of post-Easter unimpressive sessions, trading in major blue chip stocks among other positive forces pulled the equity market out of its loss streak Thursday, as the trading session closed with 0.31 percent gain. In specific terms, the All Share Index (ASI) gained 125.83 absolute points, representing a growth of 0.31 percent to close at 40,875.69 points. Similarly, the ... Read More »

Education: Lagos Island Parents’ Forum launches deeper

Andy Evbuomwan   The gathering of 1st March 2018 at Dolphin College hall, Ebute Elefun, Lagos Island was an occasion for the orientation and seminar for all parents and Lagos Island school authorities to meet, discuss and chart the way forward for their children and ward. As it is, Lagos Island is surrounded by water, ironically most of her schools ... Read More »

Melaye appeals to Supreme Court, asks INEC to stop recall process

Kogi West Senator, Dino Melaye, has urged the Supreme Court to declare the petitions submitted to the Independent National Electoral Commission seeking his recall as illegal. The Senator in an appeal he filed against the March 16, 2018 judgment of the Abuja Division of the Court of Appeal, also urged the apex court to declare the recall process as illegal ... Read More »

NLC laments delay in passage of 2018 budget

The Nigeria Labour Congress (NLC) has lamented the delay in the passage of the 2018 nation’s budget by the National Assembly. According to Peter Ozo-Eson, NLC General Secretary, the continuous delay in the passage of the budget was rather unfortunate. Ozo-Eson told newsmen on Thursday that it was unfortunate that Nigerians were still debating on the passage of the budget ... Read More »

China bans sale of Bibles

Bibles can no longer be purchased online in China despite the government publishing a new document claiming that it allows freedom of worship. The disappearance of Bibles on internet retailers is the latest restriction the country had placed on its fast-growing Christian population. Religious freedom campaigners have said freedom for Christians in China has been the worst it’s ever been. ... Read More »

1,200 people displaced by Boko Haram return to Bama

At least 1,200 of the more than 100,000 people displaced by Boko Haram violence in Nigeria’s northeastern town of Bama have returned, officials and returnees said on Thursday. Bama, a major trading hub on the road to Cameroon and home to 270,000 people, was captured in September 2014, forcing residents to flee to Maiduguri, the state capital. Borno state information ... Read More »

My husband is a ritualist, hollers wife after 25 years marriage

A 48-year-old wife, Abosede Balogun, on Thursday pleaded with a Lagos Customary Court to dissolve her 25-year marriage, calling her husband a ‘ritualist’. “My husband performs rituals even at night; he once brought a ram to the house to slaughter at midnight. I don’t feel safe living with him,” Abosede told an Orile Agege Customary Court. Abosede, a trader who ... Read More »

I can jump inside fire for Buhari – Kogi Gov, Yahaya Bello

Governor of Kogi state, Yahaya Bello has sworn deep loyalty to President Muhammadu Buhari. While reacting to the president’s decision against the tenure elongation of the John Oyegun-led NWC of the All Progressives Congress, APC, Bello pointed out that he could go to any length for the president. In his words; “I am an ardent supporter of President Muhammadu Buhari, who ... Read More »

AfDB Board approves USD50m to boost Africa’s trade financing

The Board of Directors of the African Development Bank has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). A statement by the Bank on the facility today indicated that the Risk Participation would leverage Commerzbank’s support to African issuing banks seeking to expand their trade finance operations. Specifically, the bank stated that the facility would help ... Read More »

ActionAid, Oxfam set agenda for tax justice, infrastructure devt

ActionAid Nigeria (AAN) and Oxfam, both non-profit international organizations committed to poverty alleviation globally, have urged the federal and state governments to tackle poverty, corruption and tax evasion to enhance critical infrastructure for sustainable development of the country. The NGOs, through the Financing for Development (F4D) research project just concluded in the country, specifically identified corruption, poverty and tax evasion ... Read More »