archiveMay 26, 2016

The Economic and Financial Crimes Commission (EFCC) said that in the last six months, it has secured more than 140 convictions and recovered billions of dollars in stolen funds from unscrupulous individuals. The Commission Chairman,   Mr Ibrahim Magu, revealed this on Thursday at a rally organised by the organisation to...

Trading activities on the Nigerian Stock Exchange (NSE) on Thursday for the third consecutive day sustained a positive trend with the market indices appreciating by 2.18 per cent even as investors gained  N211 billion. The All-Share Index rose by 616.86 points or 2.18 per cent to close at 28,877.47 compared...

South Africa has continued to spread its  tentacles on the Nigerian economy  landscape   as one of the country’s leading life insurers, MMI Holdings, today  announced  its full  acquisition  of United Metropolitan Nigeria Life Insurance after purchasing the 50 per cent stake which  it did not already own. The Chief Executive...

The Central Bank of Nigeria (CBN) has urged the commercial lenders to fund their naira accounts and submit bids for dollars at N197. The apex bank had on Tuesday declared that  it would adopt a flexible exchange rate policy, a shift from a peg for the naira seen as overvalued,...

All the states in the country and the Federal Capital Territory (FCT) have agreed to reform the finances of states and local governments under a Fiscal Sustainability Programme (FSP) to ensure their long term viability. According to a press statement by the Special Adviser on Media to the Minister of...