BUSINESS

NSE share index hits 23-month high

Daily Dispatch June 5, 2017

Nigerian stocks hit a 23-month high on Monday, extending last week’s rally and helped by gains in cement, fuel retailing and banking shares. A pickup in oil prices and a more stable currency have improved economic prospects in Nigeria, prompting investors to buy into the stock market.

TOP STORIES

55 top govt. officials, private businessmen looted $8m, trillions squandered under OBJ, Yar’Adua, Jonathan-FG

Daily Dispatch June 5, 2017

Fifty five top government officials and private businessmen illicitly diverted roughly $7.5m (equivalent of N1.35trn at that time) to themselves between 2006 and 2013 at the expense of ordinary Nigerians. The chairman of the Presidential Advisory Committee Against Corruption (PACAC), Itse Sagay, citing a study, disclosed this at the State House in Abuja Monday at […]

TOP STORIES

Osinbajo goes tough, says corrupt officials funding anti-govt media war

Daily Dispatch June 5, 2017

Acting President, Yemi Osinbajo has carpeted those who have stolen public funds are the ones spearheading a “media war” against the anti-corruption efforts of the Muhammadu Buhari administration The Acting President spoke in Abuja at the Conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster

NEWS

EU rejected 24 Nigerian products in 2016 – NAFDAC

Daily Dispatch June 5, 2017

The National Agency for Food and Drug Administration and Control says the European Union rejected 24 exported food products from Nigeria in 2016 for failing to meet standards. The NAFDAC spokesperson, Dr. Abubakar Jimoh, made the disclosure while speaking with the News Agency of Nigeria on Monday in Abuja. According to Jimoh, the five major […]

TOP STORIES

Breaking: Ex-Minister Babatunde Osotimehin is dead

Daily Dispatch June 5, 2017

Nigeria’s former Minister of Health, Prof. Babatunde Osotimehin, is dead. PREMIUM TIMES said it learnt Osotimehin, the Executive Director of the United Nations Populations Fund, died in the early hours of Monday. The online newspaper said the death of the former Provost of the College of Medicine, University of Ibadan was confirmed to it by […]

TOP STORIES

Presidency drags National Assembly to Supreme Court over power of appropriation

Daily Dispatch June 5, 2017

In a bid to end the perennial disagreement over appropriation bills the presidency has resolved to approach the Supreme Court for interpretation of Section 80 of the 1999 Constitution. According to a report by THISDAY, the presidency’s move is due to the unending disagreement with the legislature over the extent of its power of appropriation. The section of […]