archiveJune 2017

* OPEC supply jumps in May as Libya, Nigeria output recover Oil prices steadied just above seven-month lows on Tuesday after news of increases in supply, at which has undermined attempts by OPEC and other producers to support the market through reduced output. Benchmark Brent was up 15 cents at...

Access Banks and other local and foreign banks have taken over the management of telecommunication company, Etisalat Nigeria effective June 15. The take-over came as a result of failure of Emerging Markets Telecommunications Services (EMTS) promoted by one-time Chairman, United Bank for Africa (UBA) Hakeem Bello-Osagie, to reach agreement with...

The share prices of investors on the nation’s equities market, The Nigerian Stock Exchange (NSE) appreciated by N111.9 billion over gain in Dangote Cement Plc and Presco Plc share prices. On that, the market capitalisation of all the listed equities appreciated by 0.96 per cent or N111.9 billion, to close...

Guinness Nigeria Plc has appointed Mrs. Viola Graham-Douglas as its Corporate Relations Director, effective June 1, 2017. Graham-Douglas started her career in the banking industry in Nigeria and worked in varied roles with reputable banks. She joined Lafarge Africa Plc, formerly WAPCO Cement, as Treasury Manager, and subsequently became the...

A total of 753,307 graduates have applied in the N-Power job recruitment scheme as at June 18, thus exceeding the total number of both graduate and non-graduate applicants in 2016 by 2,307. The Senior Special Assistant to the President on Job creation, Mr. Afolabi Imoukhuede, disclosed this to News Agency...

Central Bank of Nigeria (CBN) plans to sell $100 million at a special foreign currency auction on Monday, the bank said as part of its efforts to improve dollar liquidity and reduce pressure on the local naira currency. In a notice to commercial lenders, the regulator said the dollar auction...

The Coalition of Northern Youths have written a letter to the Acting President, Yemi Osinbajo, begging him to allow Ndigbo to go and have their Biafra Republic. n the letter signed by Ambassador Shettima Yerima, Joshua Viashman, Aminu Adam, Abdul-Azeez Suleiman and Nastura Ashir Sharif, the Northern group argued that...

The Department of State Services (DSS) has promised to come down heavily on Nigerians threatening a break-up of the country and embarking on hate campaigns. The DSS on Sunday in a statement promised to unmask the masterminds and their sponsors and prosecute them in line with the laws of the...

Oil prices edged lower on Monday, weighed down by an expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to tighten the market by cutting production. Signs of faltering demand have also prompted weakening sentiment, dropping prices to levels comparable to when the...

Succor will soon come the way of users of Apapa Wharf road as Federal Government has handed over the road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay. After the nation and port users have lost several billions of Naira on the...