archiveMay 2019

  Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc. on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float. They told the News Agency of Nigeria (NAN) on Monday in Lagos that the price of MTN Nigeria...

    The Northern States Governors’ Forum (NSGF) has created a joint financial institution worth six billion naira to serve as a vehicle for the region’s economic recovery and development. Governor Kassim Shettima of Borno State and out-going Chairman of the forum made this known while highlighting his achievements in...

  The Central Bank of Nigeria (CBN) on Friday, made an intervention of $268.6million in the retail Secondary Market Intervention Sales (SMIS) and CNY 29.2million in the spot and short tenure forwards segment of the inter-bank foreign market. The Director, Corporate Communications Department, Isaac Okorafor, who made the disclosure said...

  MTN Group Ltd.’s Nigerian unit soared another 10% on its second day of trading in Lagos as investors rushed to grab a slice of the country’s only listed mobile-phone company. The shares traded at 108.90 naira as of 10:37 a.m. local time. Daily equity moves are restricted at 10%...

The Federal Government says it may downgrade Akanu Ibiam International Airport, Enugu from handling international operations because of its inability to expand the runway. Minister of State for Aviation, Sen. Hadi Sirika, made the disclosure at the 6th Aviation Stakeholders Forum in Lagos on Friday. Sirika said that there were...

  *VP receives Microsoft delegation in Abuja *Tech giant to open African Development Centre in Nigeria and Kenya The Federal Government is exploring all possibilities and opportunities to ensure that broadband connection is available to Nigerians. Besides, the Buhari administration also plans to  use technology to reduce some of the...

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says CBN  in the next five years will aggressively pursue policies that will further diversify the Nigerian economy. Emefiele said this in an interview with newsmen on Friday in Nsukka, Enugu State,  after a Special Convocation of the University...

The candidate of the Peoples Democratic Party (PDP) in the February 23 presidential election, Atiku Abubakar and his party has asked the Presidential Election Panel to replace tribunal Chairman, Justice Zainab Bulkachuwa, with another Justice of the Court of Appeal over likelihood of bias. The request was contained in the...

The governor-elect of Ogun State, Mr. Dapo Abiodun, has said that Lagos, Ogun and Oyo states are to create a joint development commission to fast track development in the three states and move their economy to the next level. He disclosed this in an interview with journalists shortly after he...

    Shepherd House Church, Apo, Abuja  has promised to release details of how its minister, Michael Arowosaiye, who committed suicide on Tuesday died. Michael reportedly left RCCG two years ago to Shepherd House Church, Apo Abuja, where he served as a worship leader. He was said to have taken...