archiveFebruary 2017

Nigeria's foreign exchange reserves rose 1.43 per cent to $28.28 billion in the week to Feb. 2, 2017, climbing to their highest level in a year, Central Bank of Nigeria (CBN) data has shown. Nigeria's dollar reserves have gained 8.39 per cent so far this year but are far off...

Five Nigerian banks have been named among ‘The Top 500 Banking Brands’ of The Banker magazine of the Financial Times and Brand Finance, London, United Kingdom. The banks are  First Bank of Nigeria Limited, Guaranty Trust Bank Plc, Zenith Bank Plc, Access Bank Plc and the United Bank for Africa...

Discussion on budget, protests and other issues Acting President, Prof. Yemi Osinbajo, SAN, has assured the nation that President Muhammadu Buhari is hale and hearty and would return home as soon as he completes the necessary tests recommended by his doctors in the United Kingdom. Osinbajo gave the assurance on...

Cameroun, the winner of the African Cup of Nations hosted in Gabon pocketed a sum of $4 million as prize money, which is a 64 per cent increase from a previous $1.5 million. The runners-up, Egypt also took home $2 million. This increase came after CAF signed an agreement with...

Fitch Ratings has assigned Nigeria's upcoming USD denominated senior unsecured notes an expected rating of 'B+(EXP)'. This is according to a statement released by the rating agency. The agency said the assignment of the final rating is contingent on the receipt of final documents materially conforming to information already reviewed....

Ag President, Professor Yemi Osinbajo has sent a message to all those protesting on the economic situation in Nigeria saying that he has heard their cry loud and clear. Ag President said this in a press statement by his Senior Special Assistant-Media & Publicity, Mr. Laolu Akande said  that he...

Heritage Bank Plc has indicated the urgency for reformed educational system in the interest of youths’ future. Mrs. Kehinde Wole- Olomojobi, Group Treasury of Heritage Bank disclosed this at an educational stakeholders’ summit recently in Lagos, on the theme - “Our Children Safety, Everyone’s Business.” According to her, the school...

Equities market closed on Monday on a negative note, as Nigerian Stock Exchange All-Share Index depreciated by 0.83 per cent to close at 25,587.09 basis points from 25,802.54 it opened for trading. The decline on Monday brings equities market performance year-till-date to -4.79 per cent attributable to the nation’s macro...

The NSE All-Share Index and Market Capitalization depreciated by 2.00 per cent and 1.84 per cent to close the week at 25,802.54 and N8.892 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE Premium Index and NSE Industrial Goods Indices that appreciated...

President Muhammadu Buhari has written to the National Assembly informing it that he wishes to extend his leave. According to a press statement by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, the extension, is “in order to complete and receive the results of a...