archiveNovember 2016

Human rights lawyer, Mr. Femi Falana, SAN, has called on the Federal Government to take the rejection of the $30 billon (N9.61 trillion) loan request by the Senate as a challenge to review the recovery of the nation’s looted wealth. In a statement issued on Tuesday, Falana said the decision...

To bring lasting peace to the restive Niger Delta region of the country, the leaders of the region have presented a 16-point demand to the Federal Government at the exploratory meeting of political, business and traditional rulers of the region with the Federal Government in Abuja on Tuesday. The Amanyanabo...

Heritage Bank Plc has said that it was committed to sustainable growth with the aim of emerging as a systemic important bank in Nigeria despite the headwinds facing the macro-economic environment. Chairman of the bank, Mr. Akinsola Akinfemiwa, stated this at the bank’s premier investor forum held in Lagos, remarking...

The Federal Government made capital release of N756.634 billion at the end of October, 2016 . This was contained in a data pushed out on Tuesday evening by the Federal Ministry of Finance in Abuja. The breakdown of how the money was made available to various ministries show that Power...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.12 per cent on Tuesday as the Year-to-Date return stood at -4.85 per cent. Investors on the local bourse managed a gain of N11 billion. The All Share Index closed at 27,252.48 against the previous...

The Senate has rejected the proposal by the Federal Government for external borrowing of $30 billion for the execution of projects from 2016 to 2018. Considering the proposed plan sent to the Senate by President Muhammadu Buhari, Senators who voted ‘Nay’ had their way when the borrowing plan was put...

…Says 1% allocation to state will benefit all Nigerians Lagos State Governor, Mr. Akinwunmi Ambode has appealed to the Senate to revisit the bill seeking one percent allocation to Lagos from the revenue accruable to the Federal Government, saying a passage of the bill would translate to economic prosperity and...

Says there is need to tackle infrastructure challenges The Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo on Tuesday provided clarifications on the proposed $29.9 billion foreign loans request submitted to the National Assembly last week by President Muhammadu Buhari. The DG, while speaking on a Channels...

Consistent with its commitment to broaden and deepen the Nigerian capital market, The Nigerian Stock Exchange (NSE) in partnership with the Exchange Traded Funds (ETFs) issuers Vetiva Fund Managers Limited, Lotus Capital Limited and Stanbic IBTC Asset Management is set to organise its annual NSE Exchange Traded Funds Workshop on...

The Central Bank of Nigeria will sell N123 billion worth of Treasury bills on Wednesday to mop up liquidity even as the rates in the secondary market in the last one week have remained relatively stable from previous weeks. According to analysts at Capital Bancorp, due to current market conditions,...