archiveMay 2017

The equities market of the Nigerian Stock Exchange (NSE) added N677 billion in five days to close at N9.75 trillion on Friday. The market capitalization increased by 7.5 per cent from N9.069 trillion the market opened for trading in the week. The All-Share Index also increased by 7.46 per cent...

Contrary to messages being circulated by those it described as "mischievous characters", the Joint Admissions and Matriculations Board (JAMB), has said that the 2017 Unified Tertiary Matriculations Examinations UTME) scheduled to start this Saturday would still take place and "is not postponed." A short statement issued on Friday night by...

The Central Bank of Nigeria (CBN) has disclosed that a total of N606.2 million was guaranteed to 3,793 farmers under the Agricultural Credit Guarantee Scheme (ACGS) in January 2017. The CBN in its economy report for 2017 said the N606.2 million represented a decline of 25.3 per cent below the...

Acting President Yemi Osinbajo, SAN, felicitates with former Inspector-General of Police, Alhaji Aliyu Ibrahim Attah, on his 80th birthday, today, May 12, 2017. The Acting President joins family, friends and also professional colleagues of the former Inspector-General of Police in celebrating the milestone, preceded by many years of meritorious service...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.81 per cent while the year-to-date return stood at 4.90 per cent. The All-Share Index closed at 28,192.46 against the previous close of 28,423.70 while Market Capitalization closed at ₦9.746 trillion against previous close of ₦9.825...

The Lagos State Government says more than N1 billion has been raised to fund the various activities that are lined-up to commemorate the Lagos@50 celebrations. The state’s Commissioner for Information and Strategy, Mr Steve Ayorinde, said this in a statement in Lagos on Friday. He expressed the government’s appreciation to...

Nigeria's overnight interbank lending rate rose sharply to 29.5 percent on Friday, up from 19 percent last week, after the central bank sold treasury bills to soak up liquidity from the banking system in a bid to curb pressure on the naira. Traders said the central bank sold about 17...

The Supreme Court on Friday affirmed the election of Okezie Ikpeazu of the Peoples Democratic Party (PDP) as governor of Abia. Delivering the judgment, Justice Ejembi Eko held that the apex court had no reason to set aside the Aug.18 decision of the Court of Appeal that upheld Ikpeazu’s victory....

The Lagos State government on Thursday launched free public Wi-Fi at parks and gardens in its resolve to achieve its smart mega city status. Governor, Akinwunmi Ambode said the provision of the free Wi-Fi was part of his administration’s effort to make the state work for all and sundry. The...

At an auction on Wednesday, the federal government raised N110 billion worth of bonds to mature in 2021, 2027 and 2037. The bond obtained from its website of the Debt Management Office (DMO) shows that fewer bonds were sold at the auction than the N140 billion anticipated. It also said...