Naija News Feed
Business
Reps, Minister applaud level of work on $1.9bn Lagos-Ibadan standard gauge project
Abdulmumin Jibrin, chairman House Committee on Land Transport has expressed satisfaction o the level of work done so far on the construction of Lagos-Ibadan standard guage railway lines, which is scheduled for commissioning in January, 2019. BusinessDay gathered that the sum of $1.9 billion was approved for the execution of the project. Jibrin made the observation during...
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Lagos to enroll 2.5m in 2019 as health insurance scheme takes off
The Lagos State government says it is targeting to enroll at least 2.5 million in 2019 as it flags off Nigeria’s largest health insurance scheme aimed at expanding access to healthcare delivery system in the state in line with the global drive for Universal Health Coverage. The state projects that with the health insurance scheme,...
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Diamond Bank’s Eurobond rallies second straight day after Access merger
The yields on Diamond Bank Plc’s $200 million Eurobond closed lower for the second straight day at 25.40 percent Tuesday, according to FMDQ data, as investors continued to react positively to the retail lender’s merger with Access Bank Plc. The bond price also sustained a steady march upwards, rising to 93.59 Tuesday from 93.33 Monday...
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FG goes hard on MDAs, says 36 federal agencies yet to remit over N2.7trn
Thirty six federal agencies, including the Petroleum Pricing Regulatory Agency, Central Bank of Nigeria, Nigeria Ports Authority, among others, owed government a whopping N2.671trillion operating surpluses as at end August, 2018, Ben Akabueze, Director General, Budget Office said on Tuesday, as he announced a new framework that would ensure tighter compliance in remitting monies generated...
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Amstel Malta awards Itodo “Young Person of the Year” at Future Awards Africa
The nation’s No 1 premium malt brand, Amstel Malta, has once again demonstrated its support for Nigerians stepping into the spotlight by awarding Samson Itodo as the Young Person of the Year at the 2018 Future Awards Africa. Samson Itodo took home a much coveted award for his role in challenging the pre-independence laws that...
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De-risking MFB lending: A superior option to a national MFB
There are over one thousand microfinance banks (MFBs), currently operating in Nigeria. There are also three categories of operators in that segment of the finance industry – the Unit MFBs have authority to run only one branch in the state where they are located, while the State operators are allowed to open as many branches...
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NASS set to receive 2019 budget proposal despite lingering crisis
Barring last minute changes, President Muhammadu Buhari is expected to lay the 2019 budget proposal before the joint session of the National Assembly o Wednesday. Femi Gbajabiamila, Majority Leader who spoke on behalf of the Principal Officers of the House, explained that all issues relating to the workers’ protest hare being taken care of. “This...
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Ambode’s commissioner mobilises for Sanwo-Olu
A commissioner in Akinwunmi Ambode’s cabinet, Hakeem Abdul Lateef is mobilising support for Babajide Sanwo-Olu, the governorship of the All Progressives Congress (APC) in the 2019 general elections. Recall that another commissioner in the cabinet, Wale Oluwo, last week resigned his appointment and membership of the APC to join Jimi Agbaje, governorship candidate of the...
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Theresa May holds crisis talks as Jeremy Corbyn to BRING DOWN the PM by CHRISTMAS
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#SwedishChristmas: How the julbock went from demonic creature to straw figure
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Holiday forecast: Snow may bring white Christmas to Sweden
Want a white Christmas? Head to northern Sweden. Photo: Carolina Romare/imagebank.sweden.se Th..
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Eight comforting Swedish Christmas recipes
Cured salmon (Gravad Lax) Raw fish might not sound very Christmassy, but gravad lax has become a ..
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Roaming explorers sneak inside legendary Soviet Buran spaceship husk (PHOTO, VIDEO)
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Playboy model arrested for naked crucifix photoshoot at the Vatican
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Japan to get first aircraft carriers since World War II as part of record $242bn defense plan
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Controversial water bottling company enters into administration despite $10m taxpayer boost
A controversial water bottling company that received $10 million of taxpayer's money has entere..
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Tasmanian students ‘distraught’ after university placements threatened
Related Story: So you've got your ATAR. What now? Some of Tasmania's highest achieving y..
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Senate resumes amidst tight security, as banks, eateries remain shut down
Despite the strike embarked upon by National Assembly workers, the Senate commenced sitting on Tuesday amidst tight security. This comes as lawmakers say they are ready to receive President Muhammadu Buhari to present the N8.73 2019 budget by Wednesday. However, banks and eateries remained closed, as security men only allowed lawmakers, legislative aides and journalists...
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2019: Don’t be deceived by Buhari’s assurances, Atiku tells IRI, NDI
Former Vice President and Presidential candidate of the People’s Democratic Party (PDP) Atiku Abubakar, has urged the National Republican Institute (IRI) and the National Democratic Institute (NDI) to disregard the assurances made by President Muhammadu Buhari that he will give his opponents in the 2019 elections the level playing ground, which the PDP denied him....
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Goodnews for East-bound travellers on Lagos-Ibadan expressway
As part of efforts to reduce travel time and ease hardship suffered by travellers on the Lagos-Ibadan expressway, the federal government has temporarily opened the section one of the expressway, stretching from Lagos toll gate to Shagamu Interchange. The expressway which appears to be in perpetual reconstruction has garnered notoriety for frequent motor accidents which...
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Buy Indraprastha Gas; target Rs 272: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on Indraprastha..
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Buy NIIT Technologies; target Rs 1180: Dr CK Narayan
Dr CK Narayan of Chart Advise has a buy call on NIIT Technol..
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Buy Zee Entertainment; target Rs 515: Kunal Bothra
Independent Analyst Kunal Bothra has a buy call on Zee Enter..
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Fed draws White House fire as it prepares to raise rates
WASHINGTON: Just two days before the Federal Reserve is expe..
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There is a higher chance of RBI rate cut now: Pankaj Pandey, ICICIdirect.com
Global challenges are not going away, the bigger concern cru..
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Share market update: Power shares gain; BHEL climbs nearly 3%
NEW DELHI: Power shares were trading higher with the S&P BSE..
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Market jumps, keeps head above water for 6th day
NEW DELHI: Market fought off weak global cues for the whole ..
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MIRC Elec jumps 20% on Jhunjhunwala meet
NEW DELHI: Shares of MIRC Electronics shot up as much as 20 ..
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Gold rallies on positive global cues, jewellers’ buying
Gold prices rose by Rs 60 to Rs 32,060 per 10 gram at the bu..
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Credits to households, corporates up in Q4 2018 on back of improved economic condition
The fourth quarter (Q4) 2018 credit condition survey for households, small businesses and corporate entities indicated an increase in availability of secured credit to households and corporates entities, and increased availability of unsecured credit to households, the latest Credit Condition Survey report from the Central Bank of Nigeria (CBN) has shown. The report stated that...
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Lafarge Africa’s Rights Issue of N89.2bn opens
Lafarge Africa Plc notified the Nigerian Stock Exchange (NSE) of the clearance by the Securities and Exchange Commission (SEC) to open its announced N89.2 billion Rights Issue. In the notice signed by Adewunmi Alode, Company Secretary,  Lafarge Africa Plc, the company noted that the offer which opened on Monday December 17, 2018 will close on...
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Man Utd fires Mourinho after Liverpool humiliation, Carrick set to take charge
Jose Mourinho has left his job as Manchester United manager after two-and-half years in charge. A club statement said: “The club would like to thank Jose for his work during his time at Manchester United and to wish him success in the future. “A new caretaker-manager will be appointed until the end of the current...
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Breaking: Manchester United fires Mourinho after Liverpool humiliation
Jose Mourinho has left his job as Manchester United manager after two-and-half years in charge. A club statement said: “The club would like to thank Jose for his work during his time at Manchester United and to wish him success in the future. “A new caretaker-manager will be appointed until the end of the current...
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NBS denies FG’s claim on 12m job omission by agency
National Bureau of Statistics (NBS) has denied an allegation by a presidential spokesman that it omitted 12 million jobs created in the informal sector, saying that neither its head nor agency made any such admission to the government or anybody. Garba Shehu, senior special assistant to President Muhammadu Buhari on Media and Publicity, had said...
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Ortom reassures civil servants of salary arrears
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Access Bank to buy rival Diamond to create Nigeria’s largest lender
Access Bank has reached an agreement in principle to buy Diamond Bank in a deal that values Diamond at just over $200m and would create Nigeria’s biggest bank by both deposits and assets. The acquisition, which is subject to shareholder and regulatory approval, would bring to an end Carlyle Group’s troubled investment in Diamond after...
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