archiveMay 2, 2017

About 15 commercial banks were on Tuesday barred from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale forex window. The decision by the Central Bank of Nigeria, CBN, to wield the big stick followed persistent complaints against the erring deposit money banks, DMBs, that...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.80 per cent , while the Year-to-Date return stood at -3.38 on Tuesday as investors recorded a gain of N63 billion . The Al- Share Index closed at 25,965.18 against the previous close of 25,758.51 while...

• Says “there is light at the end of the tunnel” Speech delivered by Vice President Yemi Osinbajo, SAN, GCON at The Platform, a programme organised by the Covenant Christian Centre, Lagos on May 1, 2017. First, let me say how very honored I am to be here again at...

The text of the Press Conference on the State of the Nation addressed by the National Coalition of Democrats in Jos on Tuesday May 2, 2017 “You must have followed the recent turn of event around President Muhammadu Buhari's health and how some self acclaimed political gladiators are making a...

• Improving dollar supply boosts trade business, executive says • Recession constrains bank lending, drives up bad loans Fidelity Bank Plc expects profit to rise by 30 percent this year as it benefits from investments in high-yielding Nigerian government debt and improving supplies of foreign exchange, even after the country’s...

The National President of the Trade Union Congress (TUC) in Nigeria, Bobboi Kaigama, has explained why workers disrupted this year’s May Day Celebration and barred top government officials from delivering their respective speeches. Kaigama made the disclosure while addressing the media in Abuja late Monday night. He said the workers...

..... says Bayelsa will lead the way to invest in refineries ..... to establish three modular refineries in each senatorial zones Governor Henry Seriake Dickson of Bayelsa State has commended the Federal Government for its decision to set up modular refineries, describing it as a brilliant idea that will not...