January 2023

NGX Index closes Santa Claus rally, up 0.12%

By Philemon Adedeji Bullish sentiment persisted yesterday on the Lagos bourse to close the seven-trading session Santa Claus rally. Gains in Buafoods (+2.10 per cent), Zenith Bank (+0.42 per cent) and GuarantyTrust Holding Company (+1.08 per cent) offset losses in…

Railway debt servicing gulps N246bn

The Federal Government spent $548.67million (N246.11billion using the official exchange rate of N448.55 to a dollar by the Central Bank of Nigeria) to service railway-related debts between 2016 and 2022, according to Nigeria’s external debt service payments reports by the…

Preparing for God’s sudden visitation

Beloved, God’s visitation to human, nations, and other places are inevitable because He controls the universe. His sudden appearance or visitation is always without notice depending on the reasons for paying such a visit. He does this in different ways.…

Okene explosion: Mastermind in DSS net

Suspected Mastermind of the Okene explosion of Dec. 29, 2002 that left some innocent persons dead and wounded has been arrested and in custody of the Department of State Services (DSS) in Abuja. The suspected mastermind, Abdulmumin Ibrahim-OTARU (aka Abu…

Why NAFDAC is expanding directorates – DG

Prof. Mojisola Adeyeye, the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), says the agency will expand its directorates to promote greater and impactful management. Adeyeye made this known at a news conference on Wednesday…

INEC takes delivery of last consignment of BVAS machines

INEC has taken delivery of its last consignment of the Bimodal Voter Accreditation System (BVAS) machines. Mr Festus Okoye, INEC’s National Commissioner and Chairman, Information and Voter Education Committee, said on Wednesday that INEC’s Chairman, Prof. Mahmood Yakubu, National Commissioners…

FG spent N12.87trn in 2022 – Minister

The Federal Government said it spent N12.87 trillion against the N17.126 trillion budgeted for 2022 as at Nov. 30, 2022. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, said this at the Public Presentation and Breakdown of the…