archiveAugust 2017

As part of its efforts at sustaining liquidity and moderate rate, the Central Bank of Nigeria (CBN) on Tuesday, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million. A breakdown of the latest intervention indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation...

• Ngige appeals to ASUU to suspend strike The meeting between leadership of the Academic Staff Union of Universities (ASUU ) and the Minister of Labour and Employment, Sen. Chris Ngige aimed at prevailing on the striking university lecturers to call off their strike is to resume on Thursday, the...

One of the world’s richest men, Bill Gates, has donated $4.6 billion, representing five per cent of his fortune — his largest donation since 2000, reports say. According to a Securities & Exchange Commission filing released on Monday and picked up by Bloomberg, Gates donated 64 million shares of Microsoft...

Nigerian stocks fell on Tuesday to a near two-week low, dragged down by losses in banking, cement and fast moving consumer good sectors, as some investors took profits from previous gains in the market, traders said. The main share index declined 2.25 percent to 37,096 points, bringing it down to...

...seeks abolition of economic interests An international civil rights organisation, Save Humanity Advocacy Centre (SHAC), Nigeria, has asked President Emmanuel Macron of France to order an immediate investigation into the alleged involvement of his country in the increasing wave of Boko Haram terrorists in the Lake Chad Basin. The organisation...

The Nigerian bourse opened the trading week negative on Monday as the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.65 per cent, while the year-to-date return stood at 41.21 per cent. The All Share Index closed at 37,950.96 against the previous close of 38,198.60 while Market...

• Challenges Niger State to envision possibility of feeding half of Africa Acting President Yemi Osinbajo, SAN,has said that just one state in the country, Niger State, with its rich agricultural potentials and resources should develop the capacity to feed both the country and about half of the African continent....

Former President Goodluck Jonathan has reacted to All Progressive Congress (APC) criticism of his claim that his administration made giant developmental strides while in office. What Jonathan said at the weekend during the non-elective national convention of the Peoples Democratic Party (PDP), has been drawing reactions from APC chieftains including...

At least 312 people were killed and more than 2,000 left homeless on Monday when heavy flooding hit Sierra Leone’s capital of Freetown, leaving morgues overflowing and residents desperately searching for loved ones. An AFP journalist at the scene saw bodies being carried away and houses submerged in two areas...

The Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment. Fowler said this at the 138th Quarterly Meeting of the Joint Tax Board (JTB) on Monday in Abuja. The theme of the...