archiveJuly 3, 2017

The Independent National Electoral Commission (INEC) on Monday released a timetable for the recall of Senator Dino Melaye (APC-Kogi West) from the Senate despite a lawsuit instituted by the senator to stop the process. The timetable of INEC shows that the process will begin on July 10 with notice of...

Trading activities on the Nigerian Stock Exchange (NSE) resumed on Monday, the first trading day in July, in negative territory as the market indices, volume and value closed lower. The market capitalisation lost N121 billion or 1.06 per cent to close at N11.331 trillion as against N11.452 trillion with which...

*Calls him "illustrious son" of Nigeria, great national asset Acting President Yemi Osinbajo, SAN, has received with profound sorrow the news of the passing away earlier today of Alhaji Yusuf Maitama Sule, orator, elder-statesman, distinguished diplomat and the Danmasinin Kano. He extends deep and heartfelt condolences to his family, friends,...

More than 850 participants braved the rain to support the fight against cancer at the 4th edition of the Nigerian Stock Exchange (NSE) Corporate Challenge on Saturday, July 1, 2017 at the Onikan Stadium, Lagos. The NSE Corporate Challenge is an annual, highly competitive and fun-filled 5-kilometre walk, jog and...

African leaders have been asked to affirm their readiness to a comprehensive approach in addressing the root causes of violence in countries on the continent. Acting President Yemi Osinbajo, SAN, made this statement on Monday at the ongoing African Union summit in Addis Ababa where he led the discussion on...

The Central Bank of Nigeria (CBN) has said it will sell $100 million at a special foreign currency auction on Monday, the latest in a series of interventions that it said had yielded positive results in the forex market. In a notice to commercial lenders, the regulator said the dollar...

Mr. Kushal Dutta, the managing director of Jumia Travel, the hotel and flight booking platform within the Jumia ecosystem, has said that investors in the company’s ventures are happy with the achievements of all the companies under the Jumia brand name. Dutta made the disclosure while responding to a question...

Nigerian-based oil and gas company Seplat Petroleum Development Company PLC said on Monday it has successfully extended its revolving credit facility. Seplat said the facility has also been amended to amortise the remaining outstanding principal balance of USD150 million in equal instalments over five quarters, commencing in the fourth quarter...

A two-time minister and former Nigerian Permanent Representative to the United Nations, Yusuf Maitama Sule has died, aged 88 years. He was born in 1929 in the old city of Kano. Sule, also known by his traditional title, Danmasanin Kano, famous for his oratory and flamboyance, died in the early...

The Central Bank of Nigeria sold N31.94bn ($104.76m) in Treasury bills on Friday in a bid to tighten liquidity in the money market while overnight lending rate fell. Traders said the bank sold N31.52bn of 349-day Treasury bill at 18.59 per cent and N440m of 160-day Treasury bill at 17.98...