archiveApril 13, 2017

The Central Bank of Nigeria (CBN) has increased the limit on banks' foreign currency borrowings to 125 percent of shareholders' fund after some lenders breached its regulatory limit due to the recent fall in the naira, according to a circular seen by Reuters. The new regulation replaces a 2014 rule...

...North-East Innovation Hub to be based in Yola As the Federal Government begins to implement its innovation and technology initiatives with the establishment of hubs in each of the six geo-political zones, the Vice President Yemi Osinbajo, SAN, announced today that Yola, Adamawa State would host the innovation hub for...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.05 per cent, while the year-to-date return stood at -5.08 per cent. The All-Share Index closed at 25,510.01 against the previous close of 25,496.71 while Market Capitalization closed at ₦8.827 trillion against previous close of ₦8.822...

As candidates prepare for the 2017 Unified Tertiary Matriculation Examination (UTME), the Joint Admissions and Matriculation Board (JAMB) has formed a common synergy with Nigerian Army to secure the Computer Based Tests (CBT) centres with a view to having a hitch free examination. A statement issued on Thursday by the...

...says Dickson is champion of modern education Governor Seriake Dickson of Bayelsa State has announced plans by his administration to begin a comprehensive collation of all unemployed graduates in the state in order to engage them in the state civil service. To this end, the governor will next week inaugurate...

The National Association of Nigerian Students (NANS) believes that until local government councils in Nigeria enjoy full autonomy, the country’s democracy would remain incomplete. According to the body, it is disheartening to note that for almost nineteen years of the nation’s democracy the third tier of government has continued to...

Nigeria will start paying back a $5.1 billion debt owed to international oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, with a first instalment this month in accordance with an agreement reached last year. “The initial payments would be made by the end of April 2017,” Emmanuel...

The Federal Inland Revenue Service (FIRS) says it will soon introduce electronic Tax Clearance Certificate (e-TCC) system to help reduce fraudulent certificates. Mr Kola Okunola, Director ICT, FIRS, said this in a presentation at the ongoing training by Journalism.com Ltd., in collaboration with FIRS on Thursday in Abuja. He said...

Nigeria is talking to the World Bank and African Development Bank for $3 billion of loans before the country determines how much it will raise from Eurobonds to help fund this year’s budget. “From the World Bank, we are hoping to get $2 billion,” Minister of State for Budget and...

President Muhammadu Buhari on Thursday reassured Nigerians that his administration would do everything necessary to secure the release of the remaining of the adopted Chibok girls. It will be exactly three years, on Friday, since over 270 ‎girls were kidnapped from the Chibok Secondary School in Borno by the Boko...