archiveApril 2017

Director-General of Lagos Chamber of Commerce and Industry (LCCI), on Monday, Mr Muda Yusuf, called for faithful implementation of the Economic Recovery and Growth Plan (ERGP). Yusuf, in Lagos, noted that the plan would help to stop policy uncertainties. He said that the plan would also boost investors’ confidence in...

The Central Bank of Nigeria (CBN) plans to sell shorter-dated dollar forwards to inject liquidity into the official market and try to support the naira, traders said on Monday. The local currency has weakened on both the official and black markets. The bank will auction $100 million on Monday to...

Shell, which operates facilities like this one, in the Bonga oil field off Nigeria’s coast, is entangled in a bribery investigation centered on a 2011 deal. Just hours after the Dutch police raided the offices of Royal Dutch Shell last year as part of an investigation into a controversial $1.3...

... Says he should be released within 24 hours A civil rights organisation, Kogi Renaissance Group (KRG) has condemned the arrest and detention of a renowned blogger and fierce critic, Austin Okai, on the alleged orders of the Governor Yahaya Bello. The activist was said to have been picked on...

...says Nigerians should pray for him Barely 24 hours after the postponement of the Unified Tertiary Matriculation Examination mock examination by JAMB, the Nigerian Education Integrity Group (NEIG), has raised the alarm that there were "invisible hands and powerful forces" desperately working to frustrate the positive reforms being put in...

Bayelsa State Governor, Hon. Seriake Dickson was at the weekend honoured ‎with a doctorate degree in Public Administration by the Maryam Abacha American University of Niger in Niamey, the capital of Niger Republic. The institution which is the first English-peaking university in Niger Republic said it bestowed the award on...

Following an impressive corporate earnings by some blue chip companies for financial year ended December 2016, the equities market gained N80 billion in the first trading week in April. The market capitalization opened trading in April at N8.829 trillion to close on Friday at N8.909 trillion while All-Share Index also...

The Joint Admissions and Matriculation Board (JAMB) has apologised to candidates and other stakeholders as it informed them that it could not go on with the Mock Examination and hereby announced extension of registration exercise of the 2017 UTME. The Registrar/CE of JAMB, Prof. Is-haq O. Oloyede, FNAL, OFR said...

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,...