archiveMay 2017

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...

The international rating agency, Standard and Poor’s (S&P) assigned ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on...

The Joint Admissions and Matriculation Board (JAMB) has said that it would watch recordings of proceedings in its Closed Circuit Camera Televisions (CCTVs) during the just-concluded Universal Tertiary Matriculation Examination (UTME) to determine the candidates who cheated in the examination. JAMB’s Head, Media and Information, Dr Fabian Benjamin, said in...

Presidency on Sunday called on Nigerians to be patient from on the report of the Presidential Investigative Panel which invested the suspended Secretary to the Government of the Federation (SGF) Babachir Lawal and the Director-General of the National Intelligence Agency (NIA) Ayo Oke. The Spokesman to the Acting President, Prof....

The Federal Government, the 36 states and their local government areas have so far shared N1.4tn from the federation account, being revenue generated in the first quarter of 2017. The breakdown is contained in the monthly Federation Account Allocation Committee report obtained on Sunday in Abuja. The key agencies that...

The NSE All-Share Index and Market Capitalization of The Nigerian Stock Exchange (The NSE) depreciated by 0.28 per cent and 0.27 per cent to close the week at 28,113.38 and N9.719 trillion respectively. Similarly, all other Indices finished lower during the week with the exception the NSE Premium, NSE Main...

Bayelsa State Governor, Henry Seriake Dickson, has called on the people of Biogbolo Community in Yenagoa to sheath their swords and maintain a cordial relationship with their Igbo tenants. According to him, government has to arrest and prosecute the suspect who murdered a teenage girl in the community. Governor Dickson...