archiveJuly 18, 2017

The Management of the National Youth Service Corps (NYSC) has released the calendar for the 2017 Batch A Stream II orientation exercise. Astatement by NYSC management says: “The 2017 Batch ‘A’ (Stream II) Orientation Course has been scheduled to commence on Wednesday, 26th July, 2017 nationwide. “Highlights of the exercise...

The Central Bank of Nigeria (CBN) has extended guarantees to Skye Bank for another year while it considers the bank’s recapitalisation proposal. The bank made this know in a statement on Tuesday. It would be recalled that in 2016, the CBN shored up Skye Bank with a N100 billion ($328...

The Standards Organisation of Nigeria (SON) on Tuesday sealed the premises of Samsung West Africa in Victoria Island, Lagos, for failure to register some of its products being marketed in Nigeria. Head of Public Relations of SON, Mr Bola Fashina, said this in a statement in Abuja on Tuesday. Fashina...

Speaker of the House of Representatives, Hon Yakubu Dogara, has said that it is unacceptable that Nigerians spend 5 billion dollars on generators annually, saying the House of Representatives will support the Executive to find a permanent solution to the power problem in Nigeria. He also explained that the House...

The United Bank for Africa, UBA, on Tuesday drove activity on the Nigerian Stock Exchange, NSE, with a turnover of 2.09 billion shares valued at N19.76 billion. Mr. Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the activity in UBA to part of the management’s plan to reduce the...

Senate President, Bukola Saraki, has said that smuggling of goods into the country is the greatest threat to the realization of the economic policies of the present administration led by President Muhammadu Buhari. Saraki revealed this at an hearing organized by the Senate Committee on Customs, Excise and Tariffs at...

Crude oil and non-oil income has cut Nigeria’s gross federally collected revenue in May 2017 by 13.42% to N458.42 billion. The nation’s crude oil earnings came down from t N292.82 billion it recorded in February to N238.09 billion in May. According to the Central Bank of Nigeria (CBN) in its...

Fidelity Bank Plc, one of Nigeria’s foremost financial institutions, has announced resumption of international transactions on debit cards and raised the monthly international spend limit on its Naira Visa Credit and Debit Cards to $1,000. The move is in response to customer needs and the improved foreign exchange liquidity in...