archiveSeptember 2019

The Nigeria Deposit Insurance Corporation (NDIC) on Thursday said it paid a sum of N116.258 billion to depositors and customers of defunct banks last year. NDIC Managing Director/CEO, Alhaji Umaru Ibrahim, revealed this while speaking at the 14th International Trade Fair in Abuja, said the payment comprised insured and uninsured...

    A British judge on Thursday gave Nigeria permission to seek to overturn a ruling that would have allowed a private firm to try to seize more than $9bn in assets from the West African country. Process & Industrial Developments (P&ID), a firm set up to carry out a...

  The Central Bank of Nigeria (CBN) says 1,140,854 farmers have participated in the production of 17 different agricultural products under its Anchor Borrowers Programme (ABP) The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, disclosed this at CBN’s ‘special day’ at Abuja International Trade Fair on Thursday. He was...

The crucial market indicators of the Nigerian Stock Exchange rebounded on Thursday after three consecutive days loss following Nestle and Seplat price rallies. The News Agency of Nigeria (NAN) reports that the market capitalisation inched N145 billion or 1.09 per cent to close at N13.426 trillion against N13.281 trillion recorded...

Governor of Imo State, Chief Emeka Ihedioha, has reiterated the commitment of his administration to payment of pensions in the state, even as he pledged to entrench transparency and accountability in governance. Governor Ihedioha stated this Wednesday, while delivering a goodwill message during the Third Quarter Consultative Forum for States...

Agbakoba Legas has made a case for review of  Bilateral Investment Treaties (BITs) represent the means by which commercial interests between States and foreign investors are regulated and determined under international law. BITs promote economic advancement through the flow of foreign capital or investment into the the economies of countries...

The Senate on Thursday received a request from President Muhammadu Buhari for the confirmation of Adeleke Moronfolu Adewolu as Executive Commissioner of the Nigerian Communications Commission (NCC). The request which was contained in a letter dated 21 August, 2019, was read by the President of the Senate, Ahmad Ibrahim Lawan,...

    The Nigerian Stock Exchange in partnership with Dangote Cement Plc and Global Reporting Initiative (GRI) held a capacity development workshop on sustainability value proposition and reporting for accountants, financial analysts and communication practitioners on Thursday, September 26, 2019, at the Stock Exchange House in Lagos. The workshop, driven...

Oyo State Governor, Engineer Seyi Makinde, said on Thursday that his administration was ready to collaborate with the British government to enhance training and retraining of teachers in the state. The Governor, who was speaking while hosting a team of British High Commission officials led the Deputy High Commissioner, Mrs....

The Nigerian Stock Exchange (NSE) has announced the commencement of the inaugural edition of X-Kathon, its hackathon and idea innovation contest designed to improve the Nigerian capital market. This edition themed, “Millennial Participation in The Capital Market”, is aimed at enhancing retail investors’ participation in the capital market. According to...