SEC directs NSE to place Oando shares on technical suspension

By Etuka Sunday The Securities and Exchange Commission (SEC) yesterday announced its decision to conduct a forensic audit into the affairs of Oando Plc, consequently, directed Nigerian Stock Exchange to place Oando’s shares on technical suspension for two days. SEC said, the technical suspension of Oando’s shares would be effective for forty-eight More...

by Peoples Daily | Published 17 hours ago
By Peoples Daily On Thursday, October 19th, 2017
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NNPC set for aggressive Gas Development -Baru

NNPC Group Managing Director Dr. Maikanti Gachalla Baru By Etuka Sunday The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kacalla Baru, has stated that the Federal Government More...

By Peoples Daily On Thursday, October 19th, 2017
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World Bank makes U-turn, denies disagreeing with Adeosun on Foreign Borrowings

By Etuka Sunday The World Bank Group, on Wednesday, denied that the Bank disagreed with Honourable Minister of Finance, Mrs. Kemi Adeosun, over the borrowings by the Nigerian Government to stimulate the economy More...

By Peoples Daily On Thursday, October 19th, 2017
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Jos Disco rationalises hundreds staffers

From Ado Abubakar Musa, Jos The Jos Elecricity Distribution PLC was said to have sacked hundred of its staffers. Adakunle Eliger who is the Head, corporate communications department while confirming the development More...

By Peoples Daily On Thursday, October 19th, 2017
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Allege N3.5m scam: Reps issue bank 90 days ultimatum to refund

By Umar Muhammad Puma The House of Representatives committee on public accounts has directed the Bank of Agriculture (BOI) to refund within 90 days the sum of N3.5 million paid to MK Nkwa as “exit package” when More...

By Peoples Daily On Thursday, October 19th, 2017
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Experts decry decline in Aviation Foreign Direct Investment

… Says sector needs $50bn to fix infrastructure From Suleiman Idris, Lagos Over the last four years, Foreign Direct Investment (FDI) into the Nigeria aviation sector has decline compared to the three preceding More...

By Peoples Daily On Thursday, October 19th, 2017
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Nigeria mining jurisdiction now better rated in investment risk profile – Fayemi

By Musa Adamu The Minister of Mines and Steel Development, Dr Kayode Fayemi, has attributed the recent growth in the mining sector and the improvement in the investment risk profile of the country’s mining jurisdiction More...

By Peoples Daily On Wednesday, October 18th, 2017
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Embrace anchor borrowers, it is vital to food security – Senate tells FG, states

By Christiana Ekpa and Ikechukwu Okaforadi Senate yesterday called on the government at all levels to embrace the Anchor Borrowers Programme initiated by the Central Bank of Nigeria, CBN. It equally mandated its More...

By Peoples Daily On Wednesday, October 18th, 2017
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We have 2bn litres of petrol for end-of-year festivities -NNPC

By Etuka Sunday The Nigerian National Petroleum Corporation (NNPC) said it has a stock of over two billion litres of Premium Motor Spirit (PMS), also known as petrol, to ensure a hitch-free end-of-year movement More...

By Peoples Daily On Wednesday, October 18th, 2017
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NEMSA talks tough, vows to sanction defaulters of electricity safety standards

…secured conviction of four accused persons in Kaduna By Etuka Sunday Nigerian Electricity Management Services Agency (NEMSA) said it has identified the issue of standardization of equipment/materials and existence More...