archiveJanuary 2017

The Central Bank of Nigeria (CBN) officials will meet bureau de change operators on Tuesday to try to find ways to eliminate the gap between the official and black market dollar rates, the association president told Reuters. According to Reuters’ report, the naira lost a third of its official value...

Some financial analysts with in the country have said that the Naira will still remain under pressure and unstable, even with the current market regulatory framework, until the market is allowed to operate freely and efficiently. This was the view of a group of analysts at Financial Derivatives Company (FDC)...

The Seme Customs Command of the Nigerian Customs Service (NCS) collected a total of N10,503,894,089.81 from January to December, 2016 on seized cars. The total amount realized in December was N1,521,359,564.73. The amount exceeded the monthly and yearly revenue target of the command in the corresponding month and year of...

The equities market kick-off the week with a gain of N114 billion as investors position in Dangote Cement Plc and Guaranty Trust Bank Plc shares. Dangote Cement appreciated 1.20 per cent or N2.00 to close on Monday at N169.00 from N167.00 closed on Friday while Guaranty Trust Bank gained 4.50...

Economic Community of West African States’ (ECOWAS) mediatory team led by Nigerian President, Mohammadu Buhari has scheduled to visit The Gambia on Wednesday, January 11, 2917 in the continuation of efforts to mediate in political crisis in the country. The mediatory team mandated by ECOWAS to intervene in the political...

Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the redeployment of some senior Management staff of the Agency. The redeployment exercise comes on the heels of the recent promotion which saw to the elevation of eight Deputy Directors as Directors, 15 Assistant Directors to Deputy Directors while 56 grade...

• FG suspends law that forced Adeboye to step down President Muhammadu Buhari has approved the immediate removal and the replacement of the Executive Secretary and the re-constitution of the board of the Financial Reporting Council of Nigeria (FRN). A statement by his spokesman, Mallam Garba Shehu on Monday in...

Being text of speech by Pastor ‘Tunde Bakare at the State of the Nation Broadcast on Sunday, January 8, 2017 Theme: Looking into the Future with the Eyes of Faith. Introduction Fellow citizens of our great country, we are gathered here again at the turn of the year, as has...

President Muhammadu Buhari will today host four other West African leaders to a meeting aimed at avoiding violence and preserving democracy in The Gambia. This is being done in furtherance of his mandate as mediator. According to a statement on Sunday by Senior Special Assistant to the President on Media...

By Abdul Olalekan The Director-General, Lagos State Pension Commission (LASPEC), Mrs. Folashade Onanuga, believes the management of annuity assets, should remains sorely with life insurers, due to risk factors associated with the business. She added that the transfer of annuity assets to Pension Fund Custodians (PFCs) would ensure proper safe...