archiveDecember 2016

Nigeria is looking for financial and legal advisers and trustee firms to organise its first Islamic bond in the domestic market, the country's Debt Management Office (DMO) said on Monday. According Reuters’ report monitored by Business247 News Online, the OPEC member, which is Africa's largest economy, is working on a...

The Bayelsa State government on Monday refuted insinuations that its indigenes on scholarship in Ghana were denied access to their hostels and stopped from writing their semester exams. A statement by Mr Jeremiah Owoupele, Senior Special Assistant to Governor Seriake Dickson on Scholarships Welfare, noted that the office had been...

The Central Bank of Nigeria (CBN) on Monday asked banks to submit bids for a "special currency auction" to clear the backlog of matured outstanding dollar obligations for selected sectors of the economy, traders said on Monday. The CBN instructed commercial lenders to submit backlog dollar demand from fuel importers,...

It was a four-day trading week on The Nigerian Stock Exchange (NSE) as the Federal Government of Nigeria declared Monday 12th of December, 2016 as Public Holiday in commemoration of the Eid-el-Maulud Celebration. Meanwhile, The NSE All-Share Index and Market Capitalization appreciated by 3.44 per cent to close the week...

As the Federal Government prepares to commence the payment of monthly stipends to the 200,000 graduates engaged under the N-Power job creation programme of the Buhari administration, 13 states of the federation have now submitted verified lists of the graduates and more expected later this week. Disclosing this on Sunday...

The Inspector-General of Police, Mr Ibrahim Idris, on Saturday assured Nigerians of adequate security before, during and after the Christmas and New Year festivities. The News Agency of Nigeria (NAN) reports that Idris spoke at the 8th annual Nupe Day celebration in Bida, headquarters of Bida Local Government area of...

President of Dangote Group, Aliko Dangote, was at the weekend named along other world leaders such as Russian President Vladimir Putin, American President-elect, Donald Trump and German Chancellor, Angela Merkel as the most powerful persons in the world. These people were ranked along with 70 others as the most powerful...

The Securities and Exchange Commission (SEC) is working on MoU with the Economic and Financial Crimes Commission (EFCC) to provide an efficient and effective policing of the nation’s capital market. This was disclosed by the Director General of SEC, Mounir Gwarzo when the management of the Commission paid a visit...

Skye Bank customers have expressed delight at the experience they have enjoyed for being customers of the bank’s priority accounts named Skye Select Account. Okechukwu Okafor, a Lagos based business man who operates a Skye Select account expressed his appreciation to the bank, saying “I was travelling with some of...

By Durotimi Daramola About three weeks ago, I was home in the evening glued to the Cable Network News (CNN) to follow developments around the globe when my phone peeped. By the time I checked, it was a broadcast on one of the whatsApp chat platforms that I belong. Instantly,...