archiveApril 7, 2017

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.03 per cent, while the year-to-date return stood at -4.20 per cent even as the volume of traded shares dropped by 55.33 per cent. The All-Share Index closed at 25,746.52 against the previous close of 25,755.18...

Nigeria's overnight lending rate rose by 2.5 percentage points this week after the Central Bank of Nigeria (CBN) debited bank accounts for debt purchases, draining liquidity in the money market. The overnight lending rate increased to 14.5 percent on Friday, up from 12 percent at the start of the week,...

The Senate on Thursday, resolved to halt the plan by the Federal Road Safety Commission (FRSC) to implement the use of speed limiting device by vehicles in the country. Consequently, it mandated its Committee on Federal Character to investigate the plan to ensure that it did not add to the...

The Joint Admissions and Matriculation Board (JAMB) has suspended registration for its mock exams from 7th to 10th of April. JAMB has, however, assured Nigerians especially the Unified Tertiary Matriculation Examinations (UTME) candidates and their parents that all hands were on deck to ensure the smooth conduct of this year’s...

…. Runway 80% completed Vice president Prof Yemi Osinbajo has affirmed that the ongoing rehabilitation work on the Nnamdi Azikwe International Airport, Abuja runway will be completed at the stipulated time of 19th April, 2017 just as it was disclosed that the work has reached an 80 per cent completion...

• Singles out Zenith as strongest Fitch Ratings says regulatory stress test results highlight disparities in capital strength across the Nigerian banking sector, with large banks collectively much more resilient to stresses than small ones, According to the world ratings agency, the results, published on 5 April, show that medium...

Russian cyber security firm, Kaspersky has claimed that North Korea’s hacking operations have expanded to more countries, including Nigeria. Kaspersky says hackers attacked financial institutions in Costa Rica, Ethiopia, Gabon, India, Indonesia, Iraq, Kenya, Malaysia, Nigeria, Poland, Taiwan, Thailand, and Uruguay The cyber security firm said hackers backed by North...

Nigeria will easily achieve its target of $3.5 billion foreign borrowing in 2017 as improved oil output helps the economy to recover from last year’s contraction, the first since 1991, Moody’s Investors Service said. “The international financial institutions are ready to support Nigeria,” Aurelien Mali, a vice president and senior...