archiveDecember 27, 2018

Shares in South African telecoms giant MTN jumped 8 percent on Thursday after it settled a row with Nigeria’s central bank for a fraction of the $8.1 billion it had threatened to cost. MTN announced on Monday that it would pay just $52.6 million to end the dispute in Nigeria,...

The Nigerian Army on Thursday released the list of candidates shortlisted for Short Service Combatant Commission (SSC) 45/2019 and Direct Short Service Commission (DSSC) 24/2019 Selection Board, scheduled to take place from 4th – 18th January 2019. The force disclosed that the list of the shortlisted candidates is available at...

  …Says president lacks integrity to seek re-election   The PDP Presidential Campaign Organization declares that President Muhammadu Buhari no longer has the moral standing to seek re-election until he directly answers its Presidential candidate, Atiku Abubakar, on the revelation that the President has soiled his hands in the alleged...

The Central Bank of Nigeria (CBN) on Thursday intervened in the inter-bank sector of the foreign exchange market with a $210 million boost to the wholesale and other segments of the market. Spokesperson of the CBN, Mr. Isaac Okorafor, said in a statement sent that the injection of the foreign...

  Trading activities on the Nigerian Stock Exchange (NSE) resumed on Thursday on a downward trend after a two-day holiday to observe Christmas and Boxing Day celebrations as crucial market indices declined by 0.86 per cent. Specifically, the All-Share Index lost 274.38 points or 0.86 per cent to close at...

The Economic and Financial Crimes Commission (EFCC) says it has secured no fewer than 312 convictions between January and December 24, 2018. EFCC’s acting Head, Media and Publicity, Mr Tony Orilade, gave details of the convictions on Thursday in a statement in Abuja. According to him, the record of convictions...

  Military, police deny 150 policemen ‘fleeing’ training The Senator representing Bayelsa East constituency in the National Assembly, Ben Murray-Bruce, has rationalised the reported absconding of over 150 police officers drafted for counter-insurgency operations in the northeast. According to him, it was common sense for the police personnel to feel...

  The Federal Government may face daunting challenges implementing the 2019 financial estimates presented to the National Assembly by President Muhammadu Buhari recently, as oil price slumped to $49.9 before it recovered to $51 later in the day on Wednesday. The slide represents the lowest since July 2017 as the...

Nigeria needs not less than $337 billion to implement the Sustainable Development Goals (SDGs) from 2019 to 2022, the UN Support Plan for the Sahel has estimated. The cost of implementing the SDGs in Nigeria, according to the plan, is $80.65 billion in 2019, $82.83 billion in 2020, $85.07 billion...

  …moves to tackle identity theft in Capital Market   The Securities and Exchange Commission, SEC, has urged shareholders to monitor their investments in the capital market, assuring that the Apex Regulator will live up to its responsibilities on investor protection. Acting Director General of the SEC, Mary Uduk stated...