IN THE NEWS

Daily Watch – CBN investigates companies for forex infractions, Obaseki rides high in Edo

President Buhari has congratulated Edo Governor Godwin Obaseki, on securing a second term in office. Buhari's spokesman, Garba Shehu, said that the President said he is committed to free and fair elections “because it is the bedrock of true democracy.” Obaseki, on his part, described his re-election as a “triumph over godfatherism”. In a victory speech delivered in Benin City, he thanked his supporters who in his words, “displayed immense courage in the face of threats, intimidation, and brutalisation. The collective will of Edo people made it possible for us this triumph over godfatherism.” The Independent National Electoral Commission had declared Obaseki the winner of the governorship election. Obaseki of the Peoples Democratic Party polled 307,955 votes and won in 13 local government areas (LGAs) to defeat his closest rival, Osagie Ize-Iyamu of the All Progressives Congress, who got 223,619 votes and won in five. Obaseki was elected on the APC’s platform in 2016 but defected to the PDP a few months before Sunday’s vote after being denied the party’s ticket owing to intra-party squabbles. The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Buhari, urging him to “urgently” instruct the Minister of Justice and ...
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NEWS

Daily Watch – IHS gets more Etisalat towers, Mortgage company to raise more capital

Etisalat Nigeria has completed the transfer of 555 telecom towers ...
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Daily Watch – Government monies centralised, Allocations jump 32%

All Federal Government Ministries, Department and Agencies have been mandated ...
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Daily Watch – Sukuk recommended for Nigeria, Afren investors may lose investments

Standard and Poors, the ratings agency, is recommending that Sukuk ...
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Daily Watch – Concerns over health of banks, Azura Thermal Plant gets green light

There is growing concern over the rise in banks' non-performing ...
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Daily Watch – NNPC gets new boss, Medview goes to London

President Muhammadu Buhari has approved the appointment of Dr. Emmanuel ...
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Daily Watch – Buhari asks Planning Commission to prioritise capital expenditure, Modular building arrives Nigeria

The Presidency has announced that President Muhammadu Buhari aims to ...
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Daily Watch – Import waivers causing harm, Cement production to ramp up

Some of the tax incentives offered to encourage Foreign Direct ...
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Daily watch – Eni looking to leave Nigeria, Dangote gets American training

Eni SpA, Italy’s largest oil company is considering selling part ...
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Daily watch – Refineries coming back online, Reps to force multinationals to list on Exchange

The Port Harcourt and Warri refineries have started preliminary production ...
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Daily Watch – Customs moves against rice importers as CBN makes cash available to farmers

The Nigeria Customs Service has sealed the warehouses and business ...
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Daily Watch – Foreign debt rises, Insurance industry grows

Nigeria's foreign debt for half-year 2015 has risen by 10%, ...
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Daily Watch – State loans to be restructured, Gold refinery coming up

The Central Bank of Nigeria (CBN) has approved a restructuring ...
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Daily Watch

US$2.67 billion of fresh capital flowed into Nigeria's economy in ...
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Daily Watch

Manufacturers in the Food, Beverage, and Tobacco industry are warning ...
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Daily Watch

Telecom companies operating in Nigeria are seeing an upsurge in ...
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Daily Watch

Global ratings firm Standard & Poor's has said Nigeria cannot ...
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Daily Watch

A deal was reached between negotiators representing six world powers, ...
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Daily Watch

President Muhammadu Buhari on Monday, instructed the NNPC to review ...
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The Department of Petroleum Resources has blamed the unending scarcity ...
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Daily Watch

The naira fell to a new low of 235 to ...
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Daily Watch

Deposit Money Banks (DMBs) in Nigeria reported 10,612 fraud cases ...
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Daily Watch

The naira continued to slide yesterday, reaching a new low ...
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Daily Watch

Former vice president, Namadi Sambo, has come under fire because ...
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Daily Watch

Analysts at Standard Chartered are pointing to a probable doubling ...
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