archiveJanuary 2017

The Senate on Wednesday adopted the exchange rate of N305 for a US dollar, as proposed by the executive for the 2017 fiscal year. This comes on the heels of Senate’s worry about the gap between the parallel market and the official exchange rate. The Upper legislative house has therefore...

The Federal Government on Wednesday auctioned  Treasury bills viz: 91-day bills worth N36.786 billion, 182-daybills worth N39.175 billion and 364-day bills worth N120 billion via primary market. In the week ahead, the Debt Management Office (DMO) is scheduled to conduct its first Primary Market Auction in 2017. The DMO will...

Access Bank has appointed Dr. Gregory Ovie Jobome, as Executive Director, Risk Management Division. Jobome is a thorough bred banking professional with excellent academic pedigree. He obtained a First Class Degree in Economics from the University of Maiduguri in 1986 and a Distinction in Master of Business Administration from Obafemi...

The Group Managing Director (GMD) of United Bank for Africa Plc, Mr. Kennedy Uzoka, is leading a delegation of the bank to the yearly World Economic Forum (WEF) meeting in Davos, Switzerland. Uzoka leads a senior executive team to meet other world business leaders and bankers at one of the...

Nigeria's efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter. The government has been in loan talks with the World Bank...

Foremost industrialist and President of Dangote Group, Aliko Dangote on Tuesday told the audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between government and private sector to tackle the power deficit remained a key element in boosting the economy of Africa. Dangote, who...

A Nigerian Airforce fighter jet on a mission against Boko Haram extremists has been said to have mistakenly bombed a refugee camp, killing more than 100 refugees and wounding aid workers. According to AP report, the Borno State government official is said to be helping to coordinate the evacuation of...

Vice President Yemi Osinbajo (SAN) is leading Nigeria's delegation to this year's World Economic Forum holding this week in Davos, Switzerland. In the Nigerian delegation are ministers and special advisers including the Minister of Industry, Trade and Investment, Dr. Okey Enelamah, Minister for Agriculture & Rural Development, Chief Audu Ogbeh...

Investors trading on the equities market segment of The Nigeria Stock Exchange lost N3.3 billion following profit-taking in Nestle Nigeria Plc and Forte Oil plc. As expected, the bears dominated the domestic bourse, dragging the All Share Index lower by 0.36 per cent to close at 26,278.20 basis points from...

His speech: I am here today as an emissary, a messenger of our president, President Muhammadu Buhari, President of the Federal Republic of Nigeria, and Commander in-Chief of the Armed forces of this nation. I am also here as a citizen of our country, and to you the great people...