archiveSeptember 10, 2019

Ratings firm, Moody’s, says its current credit rating one notch above speculative grade South Africa depended on how quickly President Cyril Ramaphosa’s government can implement promised reforms to maintain the level. Moody’s lead analyst for South Africa, Lucie Villa, said at a credit conference on Tuesday in Johannesburg that the...

Transactions on the Nigeria bourse on Tuesday closed negative with a decline of N20 billion, extending bearish sentiment for the second day running. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N20 billion to close lower at N13.158 trillion against N13.178 trillion achieved on Monday. Also,...

    The Central Bank of Nigeria (CBN) on Tuesday released regulation for electronic payments and collections for public and private sectors in the country. The News Agency of Nigeria (NAN) reports that the regulation is a revision of the Guidelines on Electronic Payment of Salaries, Pensions, Suppliers and Taxes...

Persons suspected to be hoodlums, on Tuesday afternoon, hijacked a protest by students of the Federal University of Oye Ekiti (FUOYE) and attacked the convoy of the wife of the Ekiti governor, Mrs Bisi Fayemi. The News Agency of Nigeria (NAN) reports that Mrs Fayemi was said to be returning...

The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said. Ahmed announced this on Tuesday in Abuja at a public consultation forum with civil society groups and agencies...

A new report by the World Health Organisation (WHO) has shown that one person commits suicide every 40 seconds around the world. WHO stated that though the methods taken in preventing suicide had improved, high-income countries have the highest rate of suicide and it is the second leading cause of...

Nigeria's Finance Minister, Zainab Ahmed,said on Tuesday that there were "strong indications" of an oversupplied oil market next year and lowered price expectations for the country's benchmark crude. Ahmed told journalists that she had lowered a forecast for Nigeria's benchmark price to $55 per barrel from $60 per barrel, in...

The Nigerian Stock Exchange is set to launch X-Mobile, a dynamic and user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The NSE mobile app which is currently in its Beta state will be launched at the 2019 NSE Market Data Workshop taking place on Wednesday, September...

    The Vice President, Prof. Yemi Osinbajo, has inaugurated the National Livestock Transformation Plan at the Gongoshi Grazing Reserve in Mayo-Belwa Local Government Area of Adamawa. Inaugurating the project on Tuesday, Osinbajo said the plan is designed to run from 2019-2028 as part of Federal Government’s initiative in collaboration...

  The National Assembly Election Petitions Tribunal sitting in Ado Ekiti, Ekiti State has nullified the election of Senator Dayo Adeyeye as the winner of the National Assembly election in Ekiti South Senatorial District Subsequently, the tribunal in a unanimous verdict, declared former Minority Leader and the candidate of the...