archiveJuly 24, 2019

    The new management of Zenith International Bank Plc on Wednesday assured the capital market community and shareholders of enhanced financial performance and value creation. Mr Ebenezer Onyeagwu, the new Group Managing Director of the bank, gave the assurance during a courtesy visit to the Nigerian Stock Exchange (NSE)...

      The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria (CBN) after transactions on Tuesday, July 23. Isaac Mr Okorafor, the CBN Director, Corporate Communications Department, said this in a statement in Abuja on Wednesday. Okorafor said that...

The Comptroller-General of Customs (CGC), Hammed Ali, on Wednesday, said the service destroyed various pharmaceutical products including tramadol with a Duty Paid Value of N14.7 billion. Mr Ali said this when the Joint Committee on Drugs destruction of the Nigeria Customs Service (NCS) with the other sister agencies destroyed consignments...

   Ernest Ndukwe, Omobola Johnson, others come in   Telecoms giant, MTN has announced the retirement of its board chairman, Pascal Dozie and five other non-executive directors from the telecommunications company. In a note to the Nigerian Stock Exchange (NSE), it said the investing public and other stakeholders should note...

The third 2019 Bond auction  by the Federal Government of Nigeria (FGN) in July was said to have recorded oversubscription by over 207.6 per cent. The Debt Management Office (DMO) said in a statement on Wednesday that it offered three Instruments of five-Year, 10-Year and 30-year tenors valued at about...

  Former Vice President, Atiku Abubakar, has commended the U.S for imposing visa restrictions on Nigerians believed to be responsible for, or complicit in, undermining democracy in Nigeria. Abubakar made the commendation in a statement issued by his Media Adviser, Paul Ibe, on Wednesday in Abuja. Abubakar, who was the...

  The Senate has asked a former governor of Benue State and ministerial nominee, George Akume, to ‘take a bow’ and not answer questions from lawmakers as part of his screening to become a minister. The lawmakers who made the call said it should be done as has been the...

The Nigerian Stock Exchange (NSE) said it has donated N20 million to support initiatives focused on promoting early detection as well as increasing awareness and advocacy for cancer-related causes in Nigeria. This donation is said to be in line with its longstanding commitment to reduce the scourge of cancer in...

  The Lagos Chamber of Commerce and Industry (LCCI) and the Manufacturers Association of Nigeria (MAN) have kicked against the plan to add milk to the list of items banned from accessing the official foreign exchange market. The organisations expressed their concerns in separate interviews with the News Agency of...

President Muhammmadu Buhari on Wednesday sworn in Tanko Mohammad as the Chief Justice of Nigeria. Mohammed, who is now the Nigeria’s 18th CJN, became the acting CJN when the former CJN Walter Onnoghen was suspended on the grounds of false assets declaration. On 11 July, 2019, he was nominated as...