archiveOctober 6, 2016

The Central Bank of Nigeria (CBN) has issued the guidelines for granting liquid asset status to Sukuk instruments issued by state governments. The details of the guidelines are contained in the CBN circular FMD/DIR/GEN/CIR/07/006 issued today, Thursday, October 6, 2016 and signed by Dr. (Mrs.) Angela Sere-Ejembi for Director, Financial...

The Senate has agreed with the House of Representatives to invite President Muhammadu Buhari to appear before a Joint Session of the National Assembly in Abuja to explain steps the Executive is taking to end economic recession in the country. The decision was taken on Thursday plenary and awaiting the...

The Abuja Federal High Court, Abuja,  on Thursday  ordered the Asset Management Corporation of Nigeria (AMCON) to pay Capital Oil and Gas Industry Limited N26.5 billion as contained in a consent judgement delivered in 2013. In his judgment, Justice Abdul Kafarati, explained that the court had powers to enforce its...

The Equities market today reversed the negative trend of prior trading sessions as lead indicator- the Nigerian Stock Exchange (NSE) All-Share Index inched up by 0.08 per cent to close at 28,031.90 basis points from 28,009.40 basis points it opened. Consequently, investors on the equities market gained N7.7 billion as...

United Capital Plc on Thursday reported a jump of 146 per cent in profit after tax (PAT) for the nine months ended September 31, 2016. The investment banking firm in 2015 full year results recorded an impressive performance and rewarded shareholders with a dividend of N0.35 kobo per share. However,...

Bayelsa State Governor, Honourable Henry Seriake Dickson said only former President Goodluck Ebele Jonathan should take the credit for conceding defeat in the 2015 presidential election. A statement by his Chief Press Secretary, Daniel Iworiso-Markson, said the Governor was reacting to the conferment of the joint award of ‘Person of...

...directs SSG, HOS to implement Bayelsa State Governor, Henry Seriake Dickson, has said that henceforth his administration would strictly apply the public service rules in addressing issues affecting workers to ensure discipline and efficiency in the service. He has, therefore, directed the Secretary to the State Government and the Head...

Bayelsa State Governor, Mr. Henry Seriake Dickson, said that a percentage of teaching employment in the State has been reserved for members of the National Youth Service (NYSC) serving in the state. Dickson, made the disclosure Wednesday, during a jogging exercise with Corps members at the Isaac Boro Peace Park...

Starting a business in Nigeria, like many other countries, usually comes with many road bumps. It is not just enough to have a brilliant idea that can be built into a mega business; more is required than just a good thought process. More often than not, entrepreneurs would always believe...

Stanbic IBTC Pension Managers has advised Nigerian workers to start planning for their retirement as soon as they are in active service. Planning for retirement, according to the PFA, should commence from the first day the individual starts working, noting that the individual will not encounter the usual apprehension associated...