archiveMarch 16, 2017

Ahmad Ahmad of Madagascar has been elected the president of the Confederation of African Football(CAF) in Addis Ababa on Thursday. Ahmad defeated Issa Hayatou who had been the president for an era spanning 29 years and a senior administrator at Fifa, Hayatou, a former teacher and sports minister from Cameroon...

Following an improved credit facility to the corporate sector in first quarter of 2017 (Q1 2017), The Central Bank of Nigeria (CBN) has anticipated improved performance in second quarter (Q2) of this year. The CBN’s Credit Conditions Survey Report for first quarter of 2017, said major factors will contribute to...

Following an impressive performance in revenue and operating profit , Total Oil Nigeria Plc has announced a gain of 266 per cent increase in profit after tax to N14 billion for financial year ended December 31, 2016. The downstream company had announced N4 billion in profit after tax in its...

The Central Bank of Nigeria (CBN) said on Thursday that it had sold more treasury bills than originally planned at an auction after it lured demand for one-year debt with yields above inflation. The bank raised 253.8 billion naira at an auction on Wednesday, 40 billion naira more than it...

*NEC to hold Special Meeting soon on National Security Concerns After a briefing by the National Security Adviser to the President, Major-General Babagana Monguno, members of the National Economic Council (NEC) praised the Federal Government’s Social Investment Programmes noting its potential role and significance in enhancing the security of the...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.46 per cent on Thursday, while the year-to-date return stood at -5.42 per cent as investors recorded price appreciation of N41 billion. The All-Share Index closed at 25,418.08 against the previous close of 25,301.23 while Market...

The Joint Admissions and Matriculations Board (JAMB), in Abuja on Thursday said candidates awaiting results are eligible to register and sit for the Universities Tertiary Matriculation Examination (UTME). A statement by the Spokesman of JAMB, Dr. Fabian Benjamin, however, stressed that any candidate who fails to upload his result between...

A group, Peoples Democratic Party Renaissance (PDPR) on Thursday insisted that Dr Rabiu Kwankwaso’s statement that Senator Ahmed Makarfi was the brain behind the Advanced People’s Democratic Party (APDP), has further strengthened rumours that the former governor of Kaduna State, was out to pull down the Peoples Democratic Party (PDP)....

Fidelity Bank has exposure of around N17.5 billion naira ($56 million) to Etisalat Nigeria, the Nigerian lender's investor relations team said on Thursday. The Nigerian arm of Abu Dhabi-listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out...

The Senate, on Thursday, walked out the Comptroller-General of Nigerian Customs Service (NCS), Col. Hameed Ali, for refusing to be properly kitted in his service uniforms as directed by the upper chamber. The Customs boss who arrived the Senate Wing of the National Assembly at about 9.30, long before the...