archiveJuly 12, 2017

The bullish run with trading activities began on Monday on The Nigerian Stock Exchange (NSE) continued on Wednesday as the All Share Index (NSE ASI) and the Market Capitalization increased by 0.47 per cent, while the year-to-date return stood at 22.72 per cent. The All-Share Index closed at 32,981.63 against...

Ekiti State Governor, Mr Ayodele Fayose has described the reported visit of the Acting President Yemi Osinbajo to President Muhammadu Buhari in London as another attempt by the All Progressives Congress (APC) government to deceive Nigerians on the state of health of the President. The governor said “what Nigerians desire...

• Wike says PDP come back to power 2019 • Ishaku describes verdict as victory for democracy and decency Former President Goodluck Jonathan has described Sen. Ahmed Makarfi’s victory on People Democratic Party (PDP) leadership tussle at the Supreme Court on Wednesday as verdict that would bring PDP together. Jonathan...

The Federal Government of Nigeria plans to issue a 10-year promissory note to offset N2.7trillionnaira ($8.85 billion) owed to government contractors and employees, Finance Minister, Mrs Kemi Adeosun said this on Wednesday. Nigeria, Africa's biggest economy, is in the second year of a recession caused by low crude oil prices...

Acting President Yemi Osinbajo has approved the sum of N1.6 billion as intervention fund to15 states ravaged by flood. The states include Edo, Sokoto, Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu, Abia, Oyo, Lagos, Plateau and Bayelsa. The approval was given at the end of the Federal Executive...

Nigeria has no set timeframe to join Organisation of Petroleum Exporting Countries (OPEC)’s oil production cuts, Emmanuel Ibe Kachikwu the nation’s oil minister said on Wednesday. According to him, "Hopefully in the next two to three months we can see how predictable the production return has been and then can...

Kogi State Governor, Yahaya Bello will on Monday July 31 storm Jos, Plateau State capital, to deliver a lecture during the inauguration ceremony of the newly elected executive of the Correspondents Chapel of Nigeria Union of Journalists (NUJ). The new executive of the Chapel comprises Yusufu Idegu (The Nation, Chairman);...

Nigeria plans to issue 204.95 billion naira ($651.7 mln) in treasury bills at an auction on July 19, the Central Bank of Nigeria (CBN) said. The bank aims to raise 36.78 billion naira in three-month bills, 39.17 billion naira in six-month paper and 129 billion naira in one-year bills. Nigeria's...

Acting President, Yemi Osinbajo said on Wednesday that Nigerian President, Muhammadu Buhari was recuperating fast and would return home shortly, Osinbajo said this after visiting the head of state in London where he has been on prolonged sick leave. Osinbajo's brief and unannounced trip has revived speculation about Buhari's health...

Nigeria's Dangote Cement plans to invest about $4 billion in the next two to three years to nearly double its production capacity in Africa, a senior executive told Reuters on Tuesday. Edwin Devakumar said the company was seeking to expand across the continent to hit annual production of about 80...