archiveNovember 2016

  President Muhammadu Buhari has congratulated the President-elect of the United States of America, Mr. Donald Trump on his victory at the polls. The president also congratulated US citizens on the outcome of the election. In a statement by his spokesman, Mr. Femi Adesina, president Buhari stated that he looked...

The Securities and Exchange Commission (SEC) has responded through the Acting Chairman Economic and Financial Crimes Commission (EFCC) on a petition addressed to the President of the Federal Republic of Nigeria titled “Saving Nigeria Aviation Handling Company Plc from the Stranglehold of its Chairman--- Alhaji Yahaya Sulaiman”. The response signed...

The performance of Nigeria’s equities market worsened by 0.72 per cent on Wednesday as the market recorded its sixth consecutive decline, representing a combined loss of N350 billion. Market capitalization dipped to N9.01 trillion following a loss of N65.6 billion. The All Share Index shed 190.58 basis points to close...

Skye Bank Plc, which had its management replaced by the Central Bank of Nigeria in July after breaching liquidity thresholds, plans to sell units outside of Africa’s biggest oil producer to ease pressure on capital buffers. According to a Bloomberg report monitored by Business247 News Online, the bank is seeking...

...says it’ll be disastrous The Labour Party has called on Nigerians to reject the request by President Muhammadu Buhari to borrow $29.9 billion external loan to execute key infrastructural projects in the country. The party advised Nigerians to know that part of the problems bedevilling the country was the uncontrollable...

  By Istifanus Isah Some faceless but powerful persons recently launched a campaign of calumny against the Financial Reporting Council of Nigeria, FRC, and in particular, its Executive Secretary/CEO, Jim Obazee. Their aim is to rubbish the integrity of Obazee and put FRC into disrepute. As you may well know,...

Nigeria Customs Service (NCS) Tincan Command has generated N207.8 billion from Tincan Port in Lagos in the last 10 months. A breakdown of its  revenue showed that NCS realised about N24.86 billion in January, N16.86 billion in February; N17.22 billion in March; N14.34 billion in April;  N16.37 billion  in May; ...

The equities market of The Nigerian Stock Exchange in two days trading depreciated by N210 billion attributable to investors profit-taking. The market capitalization of the equities market opened on Monday at N9.28 trillion, down by N210 billion or 2.26 per cent to close on Tuesday at N9.08 trillion. Similarly, The...

The Central Bank of Nigeria (CBN) has reaffirmed 35 International Money Transfer Operators (IMTOs) to remit money to Nigeria on behalf of Nigerians in the Diaspora. The apex bank in a statement issued and signed by, Ag. Director, Corporate Communications Mr. Isaac Okorafor on Tuesday stated that from November 9,...

...rejects LGs as basis for recruitment The attention of Afenifere has been drawn to the simmering crisis between the Senate Committee on Police Affairs and the Police Service Commission (PSC) which led to the suspension of the recruitment of 10,000 personnel into the Police Force in September. According to a...