archiveJune 21, 2016

Newly appointed AIGP Ibrahim kpotum idris, a scientist, born on January 15, 1959, in Bida, Kutigi Local Government area of Niger State. He attended Ahmadu Bello University Zaria where he obtained Bachelor of Science degree in Agricultural Economics, after which he proceeded to University of Maiduguri where he obtained an...

The West African Gas Pipeline Company (Wapco) said on Tuesday that it had suspended the flow of gas from Nigeria to Ghana over unpaid bills by the Ghana government. According to Reuter’s report, Ghana's state power producer Volta River Authority owes Nigeria's N-Gas around $180 million, while N-Gas in turn...

Muhammadu Buhari has appointed Assistant Inspector-General of Police (AIG), Ibrahim Idris, as Acting Inspector-General of Police. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, made this known in a statement issued in Abuja on Tuesday. According to the statement, the acting Inspector-General, who hails from...

From the closing value of N9.881trillion on Monday, market closed at N10.105 trillion on Tuesday; recoding a gain of N224 billion even as the market All-Share Index rose from 28,769.90 basis points with which it opened on Monday to 29,422.71 at the close of trading today. The market transacted a...

By Niyi Olaoye Following the announcement by the Central Bank of Nigeria (CBN) on plans to clear all existing backlog of Foreign Exchange (forex) demand in the country and the recent commencement of trading on the Nigeria Interbank Foreign Exchange (NIFEX), the naira plunged to 280 against the dollar at...

By Niyi Olaoye The Central Bank of Nigeria (CBN) has licensed Suntrust Bank Nigeria limited and ProvidusBank Plc to commence operation in Nigeria as regional banks. With the two new banks, located in Victoria Island, Lagos, the financial service industry now has 21 commercial banking licences, one non-interest banking licence,...

African richest man, Alhaji Aliko Dangote, fell 25 places on the Bloomberg Billionaires Index on Monday as the naira tumbled on its first day of trading without a peg to the U.S. dollar. His fortune fell $3.7 billion, knocking him to No. 71 on the Bloomberg ranking, down from No....