archiveAugust 2017

The Federal Government has promised that there will not be total ban of the importation of fairly used vehicles also known as tokunbo until a robust finance scheme is launched to enable Nigerians buy brand new ones, the Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu, has...

From $78million loss the preceding year, the African operations of Indian telecommunications giant, Bharti Airtel, has fetched it about $52 million profit in first quarter of the current operation year. The rise in profit has been helped by the growth in data customers and consumption. According to Economic Times Telecoms...

The Senate on Wednesday gave executives of Glo Mobile and other firms allegedly involved in N30 trillion Federal Government revenue leakage till Thursday to appear before it for defence. The other companies given the deadline by the Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, probing the...

The Naira on Wednesday appreciated marginally against the dollar at the parallel market. The Nigerian currency gained 50k to exchange at N362.50, stronger than N363 posted on Tuesday, while the Pound Sterling and the Euro traded at N473 and N422 respectively. At the Bureau De Change window, the Naira was...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.50 per cent, while the year-to-date return on the Exchange stood at 37.32 per cent. The index, which opened at 36,720.62, appreciated by 184.44 points or 0.50 per cent to close at 36,905.06 while the market...

• FMDQ asked banks to quote the naira off Nafex trades: Ecobank • Naira’s quoted interbank rate weakens to same level as Nafex Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the...

The International Monetary Fund (IMF) said on Wednesday that Nigeria is expected to emerge from recession this year, but stressed that threats to recovery remained elevated adding that the country’s economy will not grow enough to reduce unemployment and poverty. The Fund projected Nigeria's economy will grow 0.8 per cent...

The National Universities Commission (NUC), has disclosed that it is currently processing over 200 applications for new private universities in the country. The Executive Secretary of the Commission, Abubakar Rasheed, made this known in Abuja during a meeting with the federal universities’ bursars. According to him, “the university system is...

Former Finance Minister, Dr Ngozi Okonjo-Iweala has denied the news going round in some sections of the social media alleging that she was attacking the Buhari-led administration. Reacting to the allegation on her twitter handle on Tuesday she tweeted: “My attention has been drawn to a spurious and nefarious story...

All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu, has denied news reports claiming he has acquired a new plane, describing such as fake news. Tinubu on his tweeter handle on Wednesday denied the report in its entirety. Reports linking Tinubu with a new plane had been splashed on a...