Select Menu



Market Update

Market Update




News Headlines




Market Gainers



Market Losers


The House of Representatives on Wednesday suspended Abdulmumin Jibrin, a lawmaker from Kano at the centre of the unfolding budget padding scandal, for 180 legislative days.

The House seats three days in a week and this consequently means that Mr. Jibrin’s suspension would last more than a year.

In a motion recommended by House Ethics Committee chairman, Nicholas Ossai, and adopted by the whole House, Mr. Jibrin will also not be able to hold any position of responsibility for the span of the current National Assembly.

Hon Jubrin on his part described the suspension as inconsequential without any effect..He has asked his lawyer Barr Femi Falana SAN to institute court action against the Speaker 
 Voting ended few hours ago ,counting and collation of results have commenced .The two major Parties,the APC and PDP are running neck to neck from the reports we ve received from our correspondents and I reporters across the State..

But some key Chieftains of the APC including the National Chairman Odigie Oyegun lost their wards to the opposition PDP.While several results are being brandished across social media..

CKN News as it is in our characteristics will not publish any result except it was officially released by INEC.

For now the waiting game continues on who will replace Adams Oshiomhole as the next governor of Edo State.But latest information at our disposal has it that the PDP guber candidate Pastor Osagie Ize Iyamu has taken a slim lead over his opponent.

If the trend continues as it going,another inconclusive election may be declared.

Abia State will in the next few months become the first State in Nigeria to fully enjoy twenty four hours uninterrupted electricity.

This cheering news was made yesterday by Abia State Governor Dr Okezie Ikpeazu at a business investment forum in Abuja.

Dr Okezie Ikpeazu who led State Government officials and some members of the Abia Business community to meet with Turkish officials and businessmen, led by the Turkish Ambassador to Nigeria, His Excellency, Hakan Cakil, at a Abia-Turkish Investments Forum held at the Turkish Embassy in Abuja said with the completion of the Ala Oji power plant ,the State will remain an investment heaven for entrepreneurs and businessmen and women.

He informed his audience that his government is presently putting an enabling environment in place for all would be investors to thrive especially in Aba,the business hub centre of West Africa.

According to him, Aba currently have over 200,000 medium and small scale enterprises that  investors can queue especially in the area of shoe making, textiles and other ventures.

Other areas of interest are Agriculture, Oil and Gas, Ceramics and power.

He called on the Turkish business community to take full advantage of the wide range of opportunities which the State is officer to invest massively in the State.

In his own remark, Turkish Ambassador to Nigeria, His Excellency, Hakan Cakil, said the forum (which was the first of its kind to be held in the Embassy) was an opportunity to create a platform for Nigerian and Turkish entrepreneurs to rob mind together and to seek areas of mutual interest and opportunities.

According to him, the current trade volume between Nigeria is about $600m .

He thanked the Abia State government for deeming it fit to develop interest in his country and his people in the area of trade and investment, assuring him that in the months to come, the people of Abia State will reap bountifully from the Investment forum.

Many dignitories from within and outside the country where in full attendance.

They include former Abia State governor, Senator T A Orji, Senators Enyinnaya Abaribe, Ohabunwa and a host of other businessmen men and women.

Also in attendance were Abia State Commissioners for Commerce  as well as her counterpart in Investment Ministry.


The people of Kachikau in Nasarawa State had course to smile yesterday as the Road Safety Officers’ Wives Association (ROSOWA) opened an ultra modern clinic to serve the community.

The colourful event had so many dignatories in attendance including the State Governor Umaru tank Al Makura who was represented by his Chief of Staff.

In her welcome address, the National President of the Association ,Mrs Bolanle Oluwayemis Oyeyemi said the clinic was built to give succor to  Nigerians of all walks of life living in the area.

According to her,the project was the first of its kind by the Association since its inception.

She pledge the resolve of her Association establish more of the ultra modern clinic in the future.This according to her will help in solving critical medical issues affecting women especially in the area of infact mortality.She thanked all those who donated towards making the project a reality

In his own remark,the Corps Marshal of the FRSC Dr Boboye Oyeyemi commended the Association for its foresight in deeming it fit to build the clinic.

He pledge the support of the Agency in making sure that the clinic have all it requires to discharge its functions.

This will include the deployment of permanent doctors and auxiliary staff .He called on the State government to assist the clinic to grow.

According to him, the clinic will be affiliated with the General Hospital, Keffi for referrals and to manage emergency cases.

On his part, Governor Al Makura, pledged to support the clinic .He called on various NGOs and private entities to emulate the legacy laid by ROSOWA.

The event was witnessed by top Executives of FRSC,traditional rulers ,members of sister agencies like Prison Officers Wives Association,Fire Service Officers wives Association, Nigerian Tourism Board and a host of others.

The clinic was estimated to cost about N20m to build.

Why would a concession agreement that would yield Nigeria billions of Naira in terms of investment opportunities and creation of thousands of jobs be allowed to rot away due to the self interest of a serving minister?

These are the critical questions being asked by stakeholders in the tourism and allied industry in Nigeria 

Recent findings by CKN news has revealed that a business deal worth N68bn and concession fee worth another N110bn is lying fallow on the table of a minister under President Muhammadu Buhari’s government..

A bid was opened for the concession of the National Theatre Iganmu Lagos, fallow area for the building of a five star hotel, shopping malls, Waterparks  and other recreational facilities.

At the end of the bid,on the 25th of May 2015,a letter was issued to the preferred bidder.
SOS Letter by the Investors to President Buhari

They went ahead to get all the necessary documentations and approvals from both the Finance minister and other relevant agencies.

From the document obtained by CKN news through an open letter addressed to President Muhammadu Buhari,the supervising minister has since kept the signed document under his table because he had some other interest on the job.

Thereby jeopardizing the efforts of the investors who have sourced billions of Naira in funds to execute the project.

They are appealing to President Muhammadu Buhari,a man noted for his stands on integrity to intervene on the issue and save Nigeria from the huge loss being incurred from accruing benefits of this project which ought to have reached an advance stage by now.