archiveNovember 2017

The Nigerian Governors Forum (NGF) and the Economic and Financial Crimes Commission (EFCC) have kicked against the National Assembly granting autonomy to the Nigeria Financial Intelligence Unit (NFIU). This is as EFCC and the NGF urged that NFIU should be retained as a unit of the anti-graft agency, the Nigerian...

Dutch textile and design company, Vlisco Group on Tuesday held a high-level discussion with the Honourable Minister of Finance, Mrs. Kemi Adeosun, over its proposed investment in the Nigerian cotton textile industry. The Chief Executive Officer of Vlisco Group, Mr. David Suddens, who led the group’s delegation to the meeting...

The Nigerian Stock Exchange said it has upgraded its website, www.nse.com.ng, to be mobile friendly with a cleaner layout and navigation befitting of the brand. According to a press statement from the bourse, the upgraded website will enable users to access information quickly and easily on the various products and...

The Senate on Tuesday approved President Muhammadu Buhari’s request for the country to borrow $5.5 billion from foreign investors. The money is designed to plug a large gap in Nigeria’s finances that stems in part from the global fall in oil prices. The nation’s economy grew in the second quarter,...

The International Air Transport Association (IATA) said the total amount of revenues owed to international carriers by some African countries, including Nigeria, have risen to N366 billion ($1.2 billion). This was disclosed by IATA’s Vice President for Africa, Raphale Kuuchi at the on-going aviation conference in Kigali, the Rwandan capital....

  The Association of Concerned Bayelsa Professionals (ACBP) has condemned what it said were calculated attempts by former governor of the state, Timipre Sylva, to disrupt peace and stability in the state. The organisation specifically referred to a report credited to the Media Office of the former governor describing the...

  Remarks by the Vice President, Federal Republic of Nigeria, His Excellency, Prof. Yemi Osinbajo (SAN), at the 6th D-8 Ministerial Meeting on Industrial Cooperation with Member Countries at Transcorp Hilton, Abuja, on November 14, 2017 Protocols Let me begin by, on behalf of the government and people of Nigeria,...

The Ebonyi Police Command on Monday warned the proscribed Indigenous Peoples of Biafra (IPOB) and political parties’ supporters against disruptive acts during President Muhammadu Buhari’s visit to the state on Tuesday. Ebonyi Commissioner of Police (CP), Mr Titus Lamorde, gave the warning in an interview with the News Agency of...

  Activities on the Nigerian Stock Exchange (NSE) opened the week on Monday on a bullish trend with the market capitalisation appreciating by N66 billion. The market capitalisation improved by N66 billion or 0.51 per cent to close higher at N12.913 trillion against N12.847 trillion on Friday. Also, the All-Share...

The Central Bank of Nigeria (CBN) on Monday continued its sustenance of foreign exchange liquidity in the market by injecting another $195 million through the inter-bank segment. The action helped the currency to maintain its strength against its International counterparts. Figures released by the apex bank show that it offered...