archiveNovember 22, 2016

 Chairman, Senate Committee on Federal Capital Territory (FCT), Otunba Dino Melaye, has been named "Senator of the Year” for the 2015/2016 Legislative Year. The award would be conferred on Melaye, founder of "Senators with Like Minds", representing Kogi West Senatorial District tomorrow, Wednesday,  November 23,  2016 at the International Conference...

Management of Dansa Foods Processing Company Limited, on Monday vehemently denied owing Asset Management Corporation of Nigeria (AMCON), to the tune of N400 million. The company, through a release made available confirmed a business relationship with the defunct Intercontinental Bank and the only facility the company once had with the...

  ...CBN to raise N117bn T-Bills bills at auction Investors in the equities sector of The Nigerian Stock Exchange (NSE) lost N20 billion on Tuesday, making an eighth consecutive session of value depreciation primarily driven by heavy selloffs across Oil & Gas shares. Market capitalisation settled at N8.76 trillion from...

FMDQ OTC Securities Exchange has welcomed another listing of Sterling Investment Management SPV PLC N7.965 billion Series 1, Seven-Year 16.50 per cent Fixed Rate Unsecured Bond, under a N65 billion Debt Issuance Programme on its platform. Formally welcoming the listing at a ceremony on Monday, at the FMDQ offices, Vice...

The Minister of Finance, Mrs. Kemi Adeosun on Tuesday emphasised the importance critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development. She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja. Adeosun described the...

…..It will create jobs for youths, says Dickson Efforts to diversify the Bayelsa State economy beyond oil and gas is on course, with the State Government establishing an aqua-culture village, accommodating over 500 fish ponds, situated at Igbogene in the outskirts of the state capital. Speaking with journalist on Tuesday,...

Nigerian Shippers’ Council (NSC) has said that its Port Service Support Portal (PSSP) would not attract any fee. The council’s Deputy Director, Information and Communication Technology (ICT), Mr. Sunday Babafemi explained that the PSSP would only accommodate complaints from stakeholders. He urged the public to embrace the platform by using...

Clifford University, Owerrinta, Imo State (owned by the Seventh Day Adventist Church), on Tuesday made another history when it secured provisional licence from the National Universities Commission (NUC) in Abuja. Other recipients of the licenses are Anchor University, Ayobo, Lagos State (owned by the Deeper Christian Life Ministry); Arthur Jarvis...

Bayelsa Caucus of the National Assembly has restated its commitment to collaborate with the Dickson-led administration to attract various development projects and programmes to the state. Chairman of the Caucus, Senator Foster Ogola stated this on Monday, when he led members to pay a solidarity visit to Governor Seriake Dickson...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 14 per cent on and maintained existing Cash Reserve Ratio (CRR) for Deposit Money Banks (DMBs) at 22.5 percent, the apex bank Governor, Mr. Godwin Emefiele disclosed on Tuesday. Rising from...