archiveApril 24, 2017

The Central Bank Nigeria has offered $150 million in currency forwards at an auction on Monday, it said in a statement, part of its efforts to narrow the spread between official and black market exchange rates and improve foreign exchange liquidity. Traders, citing a notice from the CBN said settlement...

Following the satisfactory result from analyses of water samples from all water delivery points at the Queens College, Yaba, the Lagos State Government has recommended the resumption of academic activities in the school. In a press release signed by the Director, Public Affairs, Mrs. Adeola Salako, the Commissioner for Health,...

Diamond Bank Plc on yesterday released her 2016 accounts with Profit After Tax (PAT) dropping by 38 per cent to N3.5 billion from N5.7 billion in 2016. The audited 2016 financial results as approved by the Central Bank of Nigeria (CBN), Diamond Bank posted 53 per cent growth year-on-year in...

The number of days required for registration of new businesses in Nigeria has been reduced from 10 to two courtesy of a reform agenda of Buhari administration. Besides, there is also now a 24-hour timeline for company registration from when application form is completed and all required documents made available....

The worth of investors on the Nigerian Stock Exchange (NSE) increased by N193 billion on Monday due to gain in some high cap shares. Market capitalisation improved by 2.21 per cent or N192.7 billion to close at N8.908 trillion. This is in contrast to N33 billion lost on Friday, when...

The National Association of Nigerian Students (NANS) has condemned the alleged attack launched on peaceful protesting students in Lokoja, Kogi State early Monday morning. The body in a press statement signed by its National President, Chinonso Obasi states: “It would be recalled that the Kogi State Government had been unable...

Unity Bank has announced an accident involving staff of outsourced Facility Management Company carrying out maintenance services on the Bank’s building. The incident happened during routine maintenance on part of its Head Office Building, on 42 Ahmed Onibudo, Monday afternoon. The maintenance work was being carried out by a subcontractor...

A total turnover of 896.748 million shares worth N5.918 billion in 11,185 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.191 billion shares valued at N6.037 billion that exchanged hands last week in 11,820 deals. It...

• Disburses N2bn in three months to entrepreneurs, artisans, others Lagos State government has paid a total of N16.9 billion pension arrears to pensioners in the state between April 2016 and March 2017, while N2billion was said to have been disbursed to young entrepreneurs and artisans under the N25 billion...

Bayelsa State Governor, Henry Seriake Dickson is to proceed on a working visit to the United States of America. A statement by the Chief Press Secretary, Daniel Iworiso-Markson, said while in the United States, Dickson would attend the Sub-sea Nations and Africa Oil and Gas Conference, which is a major...