archiveFebruary 2017

The Nigerian currency, Naira at the weekend depreciated further to close at 506 per US dollar on the parallel market, this indicates a total drop of six points compared to N500 that it exchanged in the previous day, foreign exchange traders have said. The local currency has hovered near the...

Tuesday, 14th of February, 2017 marks the first year of the second tenure of His Excellency, Hon. Henry Seriake Dickson, as the Governor of Bayelsa State. According to the Chief Press Secretary to the Governor of Bayelsa State, Daniel Iworiso-Markson, as part of the activities to mark the event, the...

The All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 1.38 per cent  and 1.79 per cent to close the week ended February 10th, 2017 at 25,340.02 and N8.770 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE...

  The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.07 per cent while the Year-to-Date return stood at -5.71 per cent. The All-Share Index closed at 25,340.02 against the previous close of 25,322.30 while Market Capitalization closed at ₦8.770 trillion against previous close of...

The Central Bank of Nigeria, CBN has revealed that the Federal Government mill raise about N142.43 billion (about $453.60 million) from the issuance of short-term treasury bills to be auctioned on February 15. The auction is expected to raise about N32.43 billion in three-month debt, N30 billion in six-month bills...

On Monday January 17, 2017, the Vice President of the Federal Republic of Nigeria, His Excellency, Prof. Yemi Osinbajo, SAN, GCON, started a series of ``Interactive Engagements’’ with oil-producing communities in the Niger Delta region with the visit to Gbaramatu Kingdom, Delta State. Earlier today, the Acting President, Osinbajo continued...

As part of propositions to enriching lives and in the spirit of Valentine, Sterling Bank has launched a campaign tagged #THINGSWEDOFORLOVE. The campaign which is online and offline would cut across its internal and external stakeholders. The Bank has also announced the introduction of other programmes and events to delight...

Equities transactions on The Nigerian Stock Exchange continue its bearish run as the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.54 per cent, while the Year-to-Date return stood at -5.78 per cent. The All-Share Index closed at 25,322.30 against the previous close of 25,460.45 while Market...

The Federal Government on Thursday announced that its $1 billion Global Medium Term Note programme was eight times oversubscribed with orders in excess of US$7.8 billion compared to a pre-issuance target of US$ 1.0 billion demonstrating strong market appetite for Nigeria. According to a press statement signed by Salisu Na’inna...

Volume of trade between Nigeria and the United Kingdom could exceed £20 billion by 2020, President of the Nigerian-British Chamber of Commerce (NBCC), Adedapo Adelegan, has said at the 40th anniversary press conference organised by the chamber in Lagos. He said: “Despite recession, I see the trade surpassing £20 billion,...