archiveApril 3, 2017

The Central Bank of Nigeria (CBN) on Monday injected another $240 million into the nation’s foreign exchange market to sustain Naira’s gains against the Dollar and other hard currencies. A total of $90 million was targeted at meeting requests for invisibles such as BTA/PTA, medical and school fees while the...

On Monday, the naira depreciated further at the black market despite the commitment and efforts of the Central Bank of Nigeria (CBN) to boost liquidity in the market. The naira lost two points to exchange at N395 to the dollar from N393 recorded on Friday, while the pound sterling and...

Following the approval granted the Lagos State Government by the Board Listings, Markets and Technology Committee of FMDQ OTC Securities Exchange for the listing of the Lagos State ₦47.00 billion Bond on the OTC Exchange, in an unrivalled time to market, comes the approval for the listing of the Mixta...

As a sigh of absolute confidence in the management of SunTrust Bank, its customers increased deposits in the bank by 432 per cent, making it possible for the bank to declare a profit before tax of N343 million, an increase of 160.3 per cent over the N131.9 million reported in...

Volume of shares traded on the Nigerian Stock Exchange on Monday decreased by 83.55 per cent from 593.869 million to 97.694 million, while the total value of stock traded decreased by 99.28 per cent from ₦94.264 billion to ₦0.683 billion in 2,634 deals. Also, the market began the week on...

The National Association of Nigerian Students (NANS), in Abuja on Monday gave a 24-hour ultimatum within which a Special Offences Mobile Court in Lagos, should release 13 students of the University of Lagos, currently being detained at the Kirikiri Maximum Prisons. NANS threatened to invade the Kirikiri Maximum Prisons and...

The Lagos Chamber of Commerce and Industry (LCCI) says the tight monetary policy recommended for Nigeria by IMF is inconsistent with economic recovery process. Mr Muda Yusuf, the Director-General of LCCI, said this in an interview with the News Agency of Nigeria (NAN) on Monday in Lagos. Yusuf was reacting...

Former Vice President of the World Bank, and ex-while Minister of Education in Nigeria, Mrs. Oby Ezekwesili, has taken a swipe on the Central Bank of Nigeria (CBN) and its Governor, Mr. Godwin Emefiele on the approach adopted at bringing down the value of the exchnage rate of the Naira,...

The Lagos State Government has released N582.19 million for the payment of 109 retirees’ entitlements for the month of March. A statement from the Lagos State Pension Commission explained that since the beginning of the administration of the incumbent Lagos State Governor, Akinwunmi Ambode, the state has paid 5,956 retirees....

The Joint Admissions and Matriculation Board (JAMB) has said that eligible candidates for the 2017 Unified Tertiary Matriculation Examination (UTME) can now purchase the pin for registration using the Remita mode. The board said on Sunday that the development came on the heels of the reported challenges the candidates faced...