archiveOctober 2017

  Shareholders of Oando Plc has called for immediate commencement of the proposed forensic audit of the company. According to the shareholders who made the declaration yesterday in Lagos, the investigation should be detailed and “without any fear or favour”. Under the aegis of Nigeria Shareholders Solidarity Association (NSSA), the...

  The Deputy Governor of Central Bank of Nigeria (CBN) in charge of Financial System Stability, Joseph Nnanna, has said that Nigeria’s external reserves have hit $34 billion from $33.6 billion attained on October 25. It has been appreciating very fast after hitting $32 billion on September 18. Nnanna, who...

  A total turnover of 1.394 billion shares worth N16.403 billion in 19,195 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 872.892 million shares valued at N14.016 billion that exchanged hands last week in 19,047 deals....

The Board of Directors of Nigerian Breweries Plc has announced revenue of N254.7 billion for nine –month period ended September 30, 2017. In the statement of the result sent to Nigerian Stock Exchange, the Board of the Company further announced the declaration of an interim dividend of N7,996,902,051 (Seven billion,...

By Kemi Adeosun Since the middle of 2014, when the price of crude oil fell dramatically, Nigeria’s finances became challenged. This is not hard to explain: we’ve historically depended on crude oil for as much as 70 per cent of government revenues, and 90 per cent of foreign exchange earnings....

The National Association of Nigerian Students (NANS) has given a 7-day ultimatum to the Federal government to act and do so with highest sense of sincerity regardless of those involved and their closeness to the corridor of power and get to the root of the issues surrounding the matter. National...

  *EITI commends Nigeria’s “outstanding speech” at recent Jakarta conference Nigeria will continue to embrace transparency in the extractive sector because it is in the country’s overriding national interest to do so, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo stated this during a bilateral meeting with the Chairman...

  The Bayelsa State Government has restated its commitment improve on its revenue drive, as it declared N1.3 billion as Internally Generated Revenue (IGR) for the month of August. The Deputy Governor, Rear Admiral Gboribiogha John Jonah, (rtd) who made the declaration at the transparency briefing for the months of...

  *“We must deal with corruption decisively. It is difficult because it is systemic and affecting all institutions; perpetrated by a leadership elite that includes, not just politicians, but private sector individuals, and even religious leadership.” REMARKS BY THE VICE PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, PROF. YEMI OSINBAJO,...

  All is now set for the commissioning and dedication of Bayelsa state ultra modern 10, 000 capacity Ecumenical Center located in the Igbogene area of the state capital Yenagoa. The Ecumenical Center which is the biggest and first of its kind in Nigeria has a modern Christian Library, Rosary...