archiveMay 22, 2017

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has promised to resign if Nigeria continues to import fuel by 2019. He stated this in an interview on BBC World Service programme, HardTalk, on Monday. He promised to deliver on the refineries and said he was committed to also delivering...

Akwa Ibom State Police Command are quizzing 18 suspects for attempted examination malpractices during the just-concluded JAMB examinations held nationwide. According to the Police, the suspects were arrested on May 15 in a rented apartment at No.13 Lutheran Road, Ikot Ekpene, while trying to hack into JAMB’s website to have...

Some financial experts on Monday called for a downward review of the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) to 12 per cent from 14 per cent, to enhance economic recovery. They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that the Cash...

Trading activities on the Nigerian Stock Exchange (NSE) began the week on negative territory on Monday as the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.12 per cent, while the year-to-date return stood at 4.48 per cent. The All-Share Index closed at 28,078.30 against the previous...

A political movement, Renascent Anambra Transparency Democratic League (RATDL), has described as callous and insensitive, the allegation by APC governorship aspirant, Dr. Chike Obidigbo that governor Willy Obiano, took 179 persons to United States to celebrate his daughter’s graduation using the resources of Anambra state. The group’s position was contained...

• Launches new affordable pasta Shareholders at the weekend in Lagos applauded the Dangote Flour Mills’ return to profitability after posting a profit before tax of N11.82 billion for its financial year ended December 31, 2016. The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th...

The Central Bank of Nigeria (CBN) plans to sell $100 million at a special wholesale spot and forwards auction on Monday as it tries to improve dollar liquidity and ease pressure on the naira. The country’s economy grappling with a currency crisis brought on by low oil prices which have...

The Supreme Court has dismissed an application filed by a factional leader of the Peoples Democratic Party, Ali-Modu Sheriff, asking the court not to hear a motion by his challenger, Ahmed Makarfi. Sheriff faction had asked the court to refuse hearing on the application filed by Makarfi, challenging the February...

A former Deputy Governor of Central Bank Of Nigeria (CBN), Dr Obadiah Mailafia, has called on the Federal Government to take measures that will make Naira convertible international trading currency. Mailafia made the call in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. Mailafia made...

The Central Bank of Nigeria (CBN) is likely to continue its tight monetary policy as well as targeting convergence as the Monetary Policy Committee (MPC) begins its two-day meeting today. The CBN Deputy Governor, Dr. Joseph Nnanna has given a hint that the apex bank may retain its tight monetary...