archiveJune 15, 2017

The Director, Banking Supervision Department, Central Bank of Nigeria (CBN), Mr. Ahmed Abdullahi, said that foreign exchange injection by the apex money market has reached $ 6 billion in five months Speaking at the end of 333rd Bankers Committee meeting, held in Lagos on Thursday, he said foreign exchange market...

Acting President Yemi Osinbajo on Thursday met behind closed doors with the Emir of Kano, Malam Sanusi Lamido Sanusi, in the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the meeting which took place at the Vice-President’s mini conference room, lasted for about two hours. When accosted...

The Central Bank of Nigeria, CBN on Thursday said it would hold a special Open Market Operation (OMO) operation to further check inflation in the economy as a result of pressures on the value of the Naira. The operation would involve mopping up of about N200.322 billion from the Nigerian...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.59 per cent while the Year-to-Date return stood at 25.76 per cent on Thursday. The All-Share Index closed at 33,797.84 against the previous close of 33,598.20 while Market Capitalization closed at ₦11.687 trillion against previous close...

Nigeria's naira could strengthen against the dollar in the coming week as offshore investors pile into local stocks, while Kenya's shilling is expected to be stable. Nigeria The Nigeria naira could strengthen against the dollar in the coming days as more offshore investors buy up local stocks after MSCI increased...

The Joint Admissions and Matriculation Board (JAMB) has now officially cancelled the results of 59,698 candidates over examination malpractices. JAMB’s Registrar, Prof. Is-haq Oloyede, made the disclosure at the end of an enlarged meeting with external examiners and other stakeholders in the conduct of the 2017 UTME. According to him,...

The Nigerian Communications Commission (NCC) has said that internet users in Nigeria stood at 90 million in April. The country’s telecommunications industry regulator disclosure this in its Monthly Internet Subscribers Data made available in its website on Thursday in Lagos. According to the data internet users on both Global System...

The National Association of Nigerian Students (NANS), has expressed concern over the crisis rocking the Ladoke Akintola University of Technology, Ogbomoso, leading to shut down of the institution for over nine months. NANS President, Comrade Chinonso Obasi, speaking in Abuja when he hosted about 100 students of the institution to...

The European Union (EU) has announced a support package of nearly $160 million for recovery and reconstruction in Nigeria's Borno state, which has been devastated by attacks from homegrown Islamic extremist group Boko Haram. According to Associated Press report monitored by Business247news.com, the EU said Thursday the Northeastern state was...

As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted 20 of its customers who were the first set to take part in the Promo. The families were rewarded with gift items including rechargeable fans, microwave ovens among...