Home Lubem


Vandalism weakens infrastructure efficiency as telcos task lawmakers on legislation

Activities of vandals are currently taking a toll on telecommunications infrastructure in Nigeria. While the operators are counting their losses, subscribers bear the brunt as services continued to get disrupted negatively. The impact of this challenge is felt in the quality of services rendered, which has remained at its lowest ebb in the last six […]

American banking giant, JP Morgan, partners NSE on derivatives

The Nigerian Stock Exchange on Wednesday said it is collaborating with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market. The decision is consistent with the NSE’s commitment to developing a thriving derivatives market in Nigeria, the bourse said on Wednesday. It added that the collaboration with JP Morgan is expected to promote […]

IMF seeks to remove age limit for Managing Director position

The Executive Board of the International Monetary Fund (IMF) on Wednesday submitted a recommendation to its Board of Governors to consider removing the age limit for the Managing Director’s position. Since 1951, the IMF’s by-laws prohibited the appointment of a candidate aged 65 or above as its Managing Director. Also, the law prohibits any Managing Director, who […]

FG stakes N600b in power sector as intervention hits N1.5tr

The Federal Government has concluded plans to inject additional N600 billion into the Nigerian electricity industry. The Market Operator (MO), Transmission Company of Nigeria, Edmond Eje, who disclosed this yesterday at the third MO interactive stakeholders’ forum in Abuja said the President Muhammad Buhari has already authorised the release of the fund. The current development, […]

Investors gain N120bn on price appreciation in MTN, others

Trading on the floor of the Nigerian Stock Exchange sustained its positive momentum as market capitalisation increased by N120.7billion to close at N13.3trillion. The All Share Index (ASI) advanced 109bps to 27,352.94 points following price appreciation in MTNN(+2.6%), NESTLE (+7.0%) and ETI (+9.6%).Similarly, activity level rose as volume and value traded advanced by 73.6% and […]

Environment Ministers pledge to unveil problem-solving programmes, policies

By Raphael Jov The newly-appointed Minister of Environment, Dr. Mohammed Mahmoud Abubakar, has disclosed that he will assiduously work with all key stakeholders to design problem-solving programmes and development-targeted policies that will help tackle ecological problems and other environmental issues and concerns across the country. Dr. Mahmoud, who stated this upon his resumption of office […]

Dr. Moeti gets another mandate to head WHO as Regional Director

Dr Matshidiso Moeti was nominated for the second time to head World Health Organisation (WHO) as a Regional Director for Africa in Brazzaville on August 20,2019 to run for the next five years The nomination of Dr. Moeti for the second term by 47 Member States of the WHO African Region during the 69th session […]

Nigeria to be certified polio virus–free nation, charged to maintain the momentum in the fight

By Victor Akaa, Abuja The Executive Director of the National Primary Health Care Development Agency (NPHCDA), Dr Faisal Shuaib, said Nigeria is a poliovirus —free country for passing through three consecutive years without recording any case of polio virus. Dr. Shuaib disclosed this to newsmen in Abuja at the event organised to assess the Nigeria’s […]

Measles: 4m Myanmar children to be vaccinated

Union Minister for Health and Sports, Myint Htwe on Tuesday said health authorities in Myanmar are planning to conduct vaccination for over four million babies. Htwe said the vaccination against measles was for babies aged between nine and 18 months, which would be done in October. The minister stressed that measles is highly contagious and […]

Impeachment: Kogi Deputy Gov. drags State Assembly to court

The Deputy Governor of Kogi, Elder Simon Achuba has dragged the State House of Assembly to court following impeachment noticed recently served on him. Achuba approached the State High Court, Lokoja to challenge the purported impeachment notice served on him by the Kogi State House of Assembly, on grounds that it was served out of […]