archiveJune 2016

Investors on the Nigerian Stock Exchange (NSE) continue to enjoy price appreciation that has been their lot since the commencement of the new forex policy by the Central Bank of Nigeria, even as they gained  N242 billion in Wednesday transactions. From N10.105 trillion on Tuesday, the Market Capitalisation rose to...

  Niger Delta militants on Wednesday alleged that the Federal Government was deliberately not making efforts to enter into round-table discussion with them since they announced a two-week ceasefire to halt further hostilities in the region. The militants speaking under the umbrella of Ultimate Warriors of the Niger Delta (UNWD)...

The Federal Government has introduced a new debt management strategy expected to be in operation from 2016 to 2019. It is targeted at a marginal increase in external borrowing and increased commitment to capital projects execution. According to a press statement from Debt Management Office (DMO) its Director General, Dr....

Foreign investors have praised Nigeria’s decision to adopt floating currency policy, but most of them nonetheless will stay away until the country shows signs of recovering from damage inflicted by the 16-month old exchange rate peg. Nigeria this week finally ditched the peg that had throttled foreign exchange markets, led...

It is a good news that the review committee on the revised insurance (consolidated) bill concluded its job and recently submitted the new revised bill to the Finance Ministry, experts as well as insurance operators feel that this is the starting point to overhauling the current Insurance Act 2003, hoping...

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...