archiveMay 4, 2017

The board Chairman of Fidelity Bank Plc, Mr. Ernst Ebi, has said that the bank was ready to put in place measures to reduce its Non-Performing loans (NPLs). He said this on Thursday at the 29th Annual General Meeting (AGM) of the bank held in Lagos. He noted that the...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.19 per cent while the year-to-date return stood at -2.63 per cent on Thursday as investors gained N18bn The All-Share Index closed at 26,166.80 against the previous close of 26,116.79 while Market Capitalization closed at ₦9.045...

Keystone Bank was yesterday readmitted into the spot and wholesale forwards segment of the foreign exchange (FX) market by the Central Bank of Nigeria (CBN) sequel to the provision of evidence of sales of FX to Small and Medium scale Enterprises (SMEs) since the introduction of the special window for...

The Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc. The Commission said this proactive measure has become necessary in order not to allow the warring parties take certain actions...

Governor Seriake Dickson of Bayelsa State has sounded it loud and clear that ‎anyone who is opposed to the relocation of Oil companies to the Niger Delta as directed by the Federal Government, is clearly against the peace and stability of the region. A statement issued on Thursday by his...

The Joint Admissions and Matriculation Board (JAMB) says it has released results of the Mock Unified Tertiary Matriculation Examinations (UTME) conducted on Saturday. `` The Head, Information and Media of the board, Dr Fabian Benjamin, told the News Agency of Nigeria (NAN) in a telephone interview on Thursday in Lagos...

A recent rise in oil revenues has helped the central bank to defend the naira and stabilise the parallel market foreign exchange rate, central bank governor Godwin Emefiele said on Thursday. Nigeria has suffered from dollar shortages as a slump in oil revenues has hammered the currency and dried up...

Facebook Founder, Mark Zuckerberg, says the social media platform had 1.3 billion daily active users as at first quarter of 2017. Zuckerberg said on his Facebook page on Wednesday that users increased by 18 per cent on a year-over-year basis. He said the Monthly Active Users (MAUs) was 1.94 billion...

According to a notice sent to the Nigerian Stock Exchange by the company and pasted on the Exchange website on Thursday the Managing Director of the Nigerian Breweries Plc, Mr. Vervelde has resigned from the company. The resignation is to enable him take up a new role within the Heineken...

Farmers benefitting from the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme have repaid over seven billion Naira from the loans they got. The nation’s apex bank said on Wednesday. The bank said this was contrary to claims that the farmers were unwilling to pay back their loans. The CBN...