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Daily Archives: Saturday, December 2, 2017

Stock market gained N448bn in November

currency exchange

The Nigerian stock market (equities category) appreciated by N448bn in November this year. The Nigerian Stock Exchange market capitalisation stood at N12.766tn as of November 1, 2017 but closed at N13.214tn on the last day of trading in November (November 30). The All-Share Index of the NSE also recorded a significant advancement as it closed at 37,944.60 basis points on ...

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Power generation returns to 4,000MW as hydro plants recover

hydro power plants

The nation’s power generation has returned to the 4,000 megawatts mark following the recovery in the output of hydropower plants and a few thermal plants. The nation generates most of its electricity from gas-fired power plants, while output from hydropower plants makes up about 30 per cent of total generation. Generation from Kainji, Jebba and Shiroro hydro plants fell to ...

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US barred Buhari for 15 years over sharia — Atiku


Former Vice-President Atiku Abubakar has alleged that President Muhammadu Buhari was barred from the United States for 15 years due to his religious views. Atiku was quoted as saying this during an interview with Dele Momodu, which was part of his weekly column titled, ‘Pendulum’, published in The Boss Magazine. Buhari had, at a seminar organised by the Supreme Council for Sharia ...

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Terrorists plotting to bomb Abuja, US, UK warn


The British and the United States governments have warned their citizens of terrorist groups’ threat to carry out bomb attacks in the Federal Capital Territory, Abuja, during the Yuletide. In its latest foreign travel advice to British nationals, the country’s Foreign and Commonwealth Office stated that it would raise the terrorism threat alert in Nigeria during the festive periods. Around ...

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Twitter explains why it didn’t delete President Trump’s anti-Muslim retweets

Donald Trump

Twitter has explaned why it did not delete the three graphic anti-Muslim videos retweeted by President Donald Trump “we mistakenly pointed to the wrong reason we didn’t take action on the videos from earlier this week,” Twitter CEO Jack Dorsey said in a tweet on Friday. On Thursday, Trump retweeted three anti-Muslim videos first shared by Jayda Fransen, deputy leader ...

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GSHL disagrees with FG on Ajaokuta Steel


Global Steel Holdings Limited has insisted that the ongoing issue around the Ajaokuta Steel Company Limited has not been resolved just as it also says that the delay in concluding the talks is not caused by it. The company on Friday appealed to the Ministry of Mines and Steel Development to withdraw the information on its website regarding the matter, ...

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Nigerians abducted, sold us into slavery in Libya –Returnees

libya slave trade

A Buraq Air’s Boeing 737 with tail number 5A-DMG landed on the tarmac of the cargo terminal of the Murtala International Airport and out came 20-year-old Clement Chibuzor, along with 149 other Nigerians whose ghoulish appearances told of the horrific experiences they must have experienced in Libya. Over the past two weeks, Nigerians have added their voices to the global ...

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To fix Nigeria, we must restructure our minds –Fela Durotoye

fela durotoye

At what point in your life did you decide to become a life coach? First, let me say that what I do today is the work of a nation-builder. A nation-builder is someone who has four characteristics in the form of ABCD. By A, it means someone who accepts responsibility for the well-being of their nation, not just their well-being ...

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Davido, Wizkid beat international rivals to win MOBO Awards


Nigeria was duly represented at the 2017 MOBO Awards as Wizkid and Davido both won honours at the event held at the First Direct Arena, Leeds England. Wizkid, real name Ayo Balogun, beat Jay-Z, Cardi B, Kendrick Lamar and others to clinch the best international artist award at the event on Wednesday. David Adeleke popularly known as Davido, beat Eugy, ...

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Reps hold public hearing on CCTV bill


The House of Representatives on Wednesday commenced the public hearing on a Bill to empower Nigerian Security and Civil Defence Corps to control Close Circuit Televisions in the country. The Bill seeks to amend the NSCDC Act 2003 to provide guidance for the enforcement of security measures through the requirement for installation and management of CCTV. It is to ensure ...

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B’Haram is France, Nigeria’s common enemy – France envoy


The French Ambassador to Nigeria, Mr. Denys Gauer, has said that Boko Haram insurgents are a common enemy to both France and Nigeria, stressing that it will require collaborative intelligence gathering to deal with the group. Gauer spoke at the Government House Abakaliki, the Ebonyi State capital on Thursday when he led a delegation of French Embassy attaches on a ...

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