archiveDecember 21, 2017

The Federal Government of Nigeria, through the National Council on Privatisation (NCP) has approved the privatisation of the remaining five (out of the 23) subsidiaries of the Nigerian Mining Corporation (NMC). A statement by the Head, Public Communications, Bureau of Public Enterprises (BPE), Mr. Chukwumah Nwokoh, on Thursday in Abuja,...

  The Nigerian Equities market swayed further into the green zone with 110bps to peck the YTD return at 42.70 per cent. Market capitalization similarly moved upward to N13.34 trillion as Market breadth closed in favour of the bull with count of 23 gainers as against 13 losers (1.77). Sector...

The management of Dangote Industries Limited has again rejected the many assertions of BUA Group, on its claim to being the rightful owner of Mining Lease No 2541. Dangote in a statement on Thursday revealed that its reaction became very necessary as a result of its status as a publicly...

The Convention on Business Integrity (CBi) and The Nigerian Stock Exchange (NSE) have announced the inauguration of the steering board of the Corporate Governance Rating System, which held its maiden meeting on December 12, 2017. The NSE in a statement on Thursday explained that steering board is the governing body...

Nigeria Inter-Bank Settlement System (NIBSS) and Precise Financial Systems (PFS) are in collaboration to unveil a new National Automated Clearing System (NACS), which allows all the banks in the country to clear cheques within hours. At the post go-live session in Lagos with representatives of the banks, Managing Director of...

  The Joint Admissions and Matriculation Boar (JAMB) has warned telecommunication companies against arbitrarily charging its Universal Tertiary Matriculation Examination on short service message, sms charges. The board said even as it was aware of the nation’s network challenges, telecom companies should not expect the candidates to pay for their...

  The Bill for an Act to amend the Banks and other Financial Institutions Act passed through the second reading on Thursday at the House of Representatives. The bill, which seeks to mandate banks and other financial institution in Nigeria to state in writing, ”all charges and fees accruing to...

The Federal Government has restated its commitment to conserving its foreign exchange through an agricultural revolution, by providing cheap funding of about five per cent to farmers. This was disclosed on Thursday by the Governor of the Central Bank of Nigeria (CBN),  Mr. Godwin Emefiele, in his remarks at the...