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Stock market extends gain by N77bn

Stock market extends gain by N77bn

Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 0.71 per cent each. Market watchers attributed the development to renew of confidence as bargain hunters leverage undervalued stocks. Consequently, the All-Share Index gained 148.07 basis points or 0.71 per cent to close at…

Boko Haram targets army location, scores killed

Boko Haram targets army location, scores killed

Troops of Operation Lafiya Dole in the North-East have engaged some Boko Haram terrorists who attempted to infiltrate the Nigerian Army location at 3 Battalion in the Gamboru area of Borno State, during which scores of the fighters were shot dead. The Defence Headquarters, Abuja, said on Wednesday that the Boko Haram and Islamic State…

FG slashes 2020 budget

FG slashes 2020 budget

The Federal Government has sent a revised budget to the National Assembly, cutting down some costs in view of the coronavirus pandemic in Nigeria. A top source in the National Assembly shared a copy of the revised 2020 budget on Wednesday, noting that a meeting was ongoing between the leadership of the National Assembly and…

Fear grips medical workers as LUTH, UITH isolate 40

Fear grips medical workers as LUTH, UITH isolate 40

The Lagos University Teaching Hospital, Idi-Araba and the University of Ilorin Teaching Hospital have put no fewer than 40 health workers, including doctors and nurses, in isolation following their contact with people infected with COVID-19. LUTH’s Chairman of the Medical Advisory Council, Prof Wasiu Adeyemo, on Tuesday, told journalists that 12 workers of the health…

Isolation centre doctors, others lament N30m unpaid allowances

Isolation centre doctors, others lament N30m unpaid allowances

Doctors treating the over 40 COVID-19 patients at the University of Abuja Teaching Hospital, Gwagwalada, have complained about the failure of the Federal Government to pay them their allowances, The PUNCH reports. Our correspondent was informed that due to the sensitive nature of the disease, the government picked and trained the five doctors with a…

UK blocks Nigeria’s plan to pay $110m to Bagudu

UK blocks Nigeria’s plan to pay $110m to Bagudu

The United Kingdom is blocking the plan of the Nigerian government to pay $110 million believed to be a part of funds looted by the late Sani Abacha to Abubakar Bagudu, governor of Kebbi state. According to Bloomberg, the governments of Nigeria, the UK and the US, are in a dispute over investment portfolios worth…

Kogi gov sacks VC, Rector, names replacements

Kogi gov sacks VC, Rector, names replacements

Kogi State Governor, Yahaya Bello, has relieved the Vice-Chancellor of the Kogi State University, Ayangba, Prof. Mohammed Abdulkadir, of his appointment. A statement by the Secretary to the State Government, Dr. Folasade Ayoade, in Lokoja on Tuesday, also announced the removal of Prof. Mohammed Atureta as the Rector of the Kogi State Polytechnic, Lokoja. Both…

Chinese medical experts arrive Nigeria, April 8

Chinese medical experts arrive Nigeria, April 8

THE medical aids and professionals provided by the Chinese government to assist Nigeria combat coronavirus (COVID-19) will arrive on Wednesday, April 8. The China Civil Engineering Construction Corporation, CCECC, the main contractor handling the rail modernisation programme of the federal government, facilitating the assistance of the medical experts announced Tuesday night in a statement in…

COVID-19: We’ve not received any cash donation, says FG

COVID-19: We’ve not received any cash donation, says FG

Boss Mustapha, secretary to the government of the federation (SGF), says there has been no cash donation to the government to fight COVID-19.  The SGF, who is also the chairman of the presidential task force on COVID-19, said there have been efforts by the Central Bank of Nigeria (CBN), corporate bodies and individuals to raise…