archiveNovember 10, 2016

Reprieve came the way of investors on The Nigerian Stock Exchange (NSE) on Thursday after six-day of straight value depreciation as the Market capitalisation which was N9.010 trillion on Wednesday rose to N9.027, translating to a gain of N26 billion in Thursday trading activities. All-Share Index of the Exchange which...

The Amnesty International has informed the family of Mr. Chijioke Obioha, a Nigerian national given the mandatory death sentence for possession of drugs for the purpose of trafficking on December 30, 2008, that November 18 is his new execution date. Amnesty International in a statement on Thursday recalled that on...

The acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, on Thursday said the anti-graft agency had secured 187 convictions in the last one year. Magu disclosed this at a one-day symposium on money laundering organised by the Faculty of Management Sciences, Lagos State University, LASU, in...

...promises to support fight against corruption in judiciary President Muhammadu Buhari on Thursday sworn in Justice Walter Samuel Onnoghen (Cross River) as the Acting Chief Justice of Nigeria (CJN). Onnoghen who is the most senior justice of the Supreme Court took over from the immediate past CJN Mahmud Muhammed, who...

The number of deaths from measles has fallen by 79 percent worldwide since 2000, thanks mainly to mass vaccination campaigns, but nearly 400 children still die from the disease every day, global health experts said on Thursday. In a report on global efforts to "make measles history", the United Nations...

The N146.17 billion 2016 budget of the Federal Inland Revenue Service (FIRS) suffered a setback on Thursday  at the National Assembly as the Senate declined to approve it. The budget was not approved based what the upper house called the poor job carried out by its Finance Committee which scrutinised...

The European Union Foreign Direct Investment (FDI) in the Nigerian economy recorded €30 billion in 2015 despite the exit of foreign investment. Head of EU Delegation in Nigeria, Ambassador Michael Arrion, at the EU-Nigeria Business Forum in Lagos on Thursday, said that the European Union and Nigeria had, over the...

A coalition of vexed, angry and frustrated Nigerians under the aegis of #Occupy Unlimited & Be The Change Organisation# on Thursday demanded the removal of immunity clause from the constitution to pave way for the prosecution of the president and governors whenever they contravene the law and dip their hands...

Some BDCs operators selling Forex above the stipulated limit were arrested by security agencies, in both Lagos and Ikeja on Thursday. While speaking with the security agencies, Business247 News Online learnt that those arrested would be prosecuted in order to discourage others from flouting the FX regulations against the Federal...

Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some dealers and ordering others to sell dollars at a lower rate in a bid to break the fall of the currency, dealers said, Reuters report on Thursday. The Central Bank of Nigeria (CBN) has been...