archiveMarch 22, 2017

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.17 per cent, while the year-to-date return stood at -5.06 per cent as investors recorded a loss of N15 billion in the day trading. The All-Share Index closed at 25,514.17 against the previous close of 25,558.57...

Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion, bringing the total dividend for the year ended December 31, 2016 to N63.422 billion. The shareholders gave the approval at the Annual General Meeting (AGM) held in Lagos. While approving the dividend, the shareholders commended the board,...

The Senate on Wednesday called for the resignation of Comptroller-General of Nigeria Customs Services, Col Hammed Ali as he failed to show up as directed. The Senators said Ali is unfit to hold public office. A closed-door session had earlier been held on a letter from the Attorney General of...

The Senate has approved the request of the Presidency to raise additional $500 million Eurobond from the international capital market for the funding of the 2016 budget. The Senate plenary presided over by the Deputy Senate President, Ike Ekweremadu, arrived at this decision on Wednesday after a thorough debate on...

Hopes of an end to the crisis in the Peoples Democratic Party (PDP) increased on Wednesday as Governor of Bayelsa State and Chairman of the party's National Reconciliation Committee, Henry Seriake Dickson, met with Senator Ahmed Makarfi-National Caretaker Committee leadership in Abuja. Dickson, who arrived the temporary party secretariat of...

Wole Tokede with agency report The Nigerian naira firmed 1.1 percent on the black market on Wednesday to a six month-high of 430 per dollar, traders said. It was quoted at 307.50 on the interbank market. The Central Bank of Nigeria (CBN) has been intervening on the official market to...

The Chairman of Stanbic IBTC Bank Mr. Atedo Peterside has informed the bank of his intention to resign at the end of this month. Peterside served as the Chief Executive Officer of the bank from inception in 1989 and later as Chairman after the merger that created Stanbic IBTC Bank...

The National Youth Service Corps (NYSC) has released the time-table for the prospective corps members in the ‘Batch A’ 2017 exercise. According to the released time-table, online registration by foreign and locally trained Nigerian graduates will begin on April 17 and end May 4, when their call-up letters will be...

• Experts warn move will cause undue political interference • Senate invites Emefiele over intervention programmes • Minister says N6.8b stolen pension funds recovered • Explains how money in TSA will be spent The Minister of Finance, Mrs. Kemi Adeosun, yesterday asked for the reduction of the powers of the...

The Comptroller-General of the Nigerian Customs Service (NCS), Colonel Hamid Ali (rtd), has written a letter to the National Assembly that he would not be able to appear before the Senate today (March 22, 2017) as scheduled. Ali, who was to appear before the Senate in an official uniform of...