archiveAugust 5, 2019

The currency was N359 to dollar at the parallel market in Lagos, while it was exchanged at N445 and N397 to the pound sterling and Euro, respectively. At the Bureau De Change (BDC) window, the naira closed at N359 to the dollar, while it was N445 and N397 to the...

The Department of State Services (DSS) has confirmed that it had received the order granting Ibrahim El-Zakaky, leader of the Islamic Movement in Nigeria (IMN), leave to travel to India for medical treatment. Dr. Peter Afunanya, DSS Public Relations Officer, said this in a statement issued Monday night. He disclosed...

The Nigerian Stock Exchange (NSE)  All-Share Index and Market Capitalization depreciated by 1.038 percent  and 1.032 per cent to close last week at 27,630.46 and N13.464 trillion respectively. Similarly, all other indices finished lower with the exception of NSE ASeM and NSE Industrial Goods Indices which appreciated by 0.17 per...

  As a result of Justice BFM Nyako of the Federal High Court, the Asset Management Corporation of Nigeria (AMCON) has taken over Bao Yao Futurlex Iron and Steel Company Limited in Abuja and Bao Yao Huan Jian Iron and Steel, Calabar, Cross River State. AMCON in a statement on...

  The Federal Government will soon come up with a resolution on issues bordering on the collection of stamp duties as well as the extension of Value Added Tax (VAT) exemption on capital market transactions among others, the Vice President, Prof. Yemi Osinbajo, has stated. Osinbajo, who was represented by...

  Electricity generation in the country fell below 2,500 megawatts on Saturday amid low load demand by the distribution companies. Total output from the nation’s 27 power plants dropped from 3,364MW as of 6am on Thursday to 2,649.1MW on Friday. It fell further to 2,492MW on Saturday, according to the...