archiveMay 19, 2017

Financial regulating bodies, Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) sectioned First Bank of Nigeria Holdings Plc (FBN) N102 million for 17 market infractions in 2016. According to Business247New online checks, the Holdings company fines and penalties in two years reached N2...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.04 per cent, while the year-to-date return stood at 4.61 per cent. The All Share Index closed at 28,113.38 against the previous close of 28,101.63 while Market Capitalization closed at ₦9.719 trillion against previous close of...

The CFAO group has launched its latest project: Euracare a Multi-specialist hospital with the ambition to provide Nigerians with the world-class medical services they have too often had to obtain overseas. According to a press statement from the company, Euracare offers a full range of advanced diagnostic modalities (1.5 Tesla...

The Joint Admissions and Matriculation Board has asked candidates who wrote the Unified Tertiary Matriculation Examination (UTME) to disregard any information of deduction of marks by the board. Its spokesperson, Dr. Fabian Benjamin, in a statement on Friday in Abuja, said the rumour was false, devilish and intended to cause...

The Central Bank of Nigeria (CBN) will keep monetary policy tight as dollar shortages persist, Deputy Governor Joseph Nnanna said Now is not the time to ease policy, he said in an interview Thursday in the capital, Abuja. Inflation slowed for a third month in April, but at 17.2 percent...

The Federal High Court, Lagos, has ordered the formal forfeiture of N449,597,000 (about N450 million) found by the Economic and Financial Crimes Commission (EFCC) in LEGICO Shopping mall, Victoria Island, Lagos to the Federal Government of Nigeria. Justice Rilwan Aikawa of the court gave the judgement on Friday. It would...

The Bayelsa State Government has declared N4.1 billion revenue surplus for March, 2017. Governor Seriake Dickson disclosed this on Thursday in Yenagoa, the state capital at the monthly transparency media briefing for March. He said that the state declared N983 million as internally- Gener­ated Revenue in February. Dickson, who was...

Nigeria can build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle, according to the World Bank’s newly-released Bi-annual Economic Update. In 2016, Nigeria...

Development Bank of Nigeria (DBN), a new state-backed lender, aims to make up to 20,000 new loans to small firms within its first year of operation as part of efforts to help unlock credit to the recession-hit economy, its chief executive Tony Okpanachi said. Africa's biggest economy is in its...

Niger-Delta needs rapid development, Dickson tells NDDC Bayelsa State Governor, Henry Seriak‎e Dickson, has called on all Niger Delta leaders to close ranks and rededicate themselves to the development of the region. He said the call became necessary in order to change the narrative of underdevelopment plaguing the region. According...