archive2019

The Nigerian Stock Exchange (NSE) ended trading for the week on Friday in green, with All-Share Index improving by 0.44 per cent. Specifically, the All-Share Index rose by 119.33 points or 0.44 per cent to close at 26,991.42 against 26,872.09 achieved on Thursday. Also, the market capitalisation of listed equities...

  The Securities and Exchange Commission (SEC) says it is reviewing the Nigerian Stock Exchange (NSE) demutualisation application. Ms Mary Uduk, SEC acting Director-General, disclosed this at the third quarter post-Capital Market Committee (CMC) meeting news conference held in Lagos on Friday. Demutualisation is the process through which any member-owned...

  Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, on Friday said plans were underway for an MOU between Nigeria and South Africa on assets recovery and repatriation. Magu disclosed this at the closing ceremony of the two-week capacity-building and mentorship programme for 10 officials...

Col. Hameed Ali (rtd), the Comptroller-General of Nigeria Customs Service (NCS) says he will sack any officer who cannot live within his or her  remuneration and involve in illicit ways to acquire wealth. Ali gave the warning while decorating some newly promoted officers of the service in Abuja on Friday....

  The presidency has reacted to reports that the Federal Government may “take over Distribution Companies (DisCos).” Laolu Akande, Senior Special Assistant on Media to Vice President Yemi Osinbajo, clarified what the National Economic Council (NEC) discussed on DisCos. A statement he signed on Friday read: “We have read some...

The Lagos State Environmental Protection Agency  (LASEPA) has advised Lagos residents to get ready to experience extreme heat in the coming days. General Manager of LASEPA, Adedolapo Fasawe, in a statement urged residents to ensure adequate ventilation at homes and offices in order to mitigate the intensity of the prevailing...

President Muhammadu Buhari has said that he “can afford to be reckless because” he would not be needing the votes of Nigerians again in another election. Buhari made the declaration on Friday during the National Executive Committee meeting of the All Progressives Congress in Abuja, Nigeria’s capital. He said that...

  says FG responsible for 80% of the debts The Debt Management Office (DMO) has said out of Nigeria’s total debt profile of N25.7 trillion as of June 2019, external borrowing accounts for about 32 per cent while the remaining 68 per cent is domestic. The Director-General of the DMO,...

Ekiti State Commissioner of Police, Mr Asuquo Amba, said on Friday that the Inspector General of Police, Mohammed Adamu, had ordered a thorough investigation into Thursday’s armed robbery attack on the Oye Ekiti branch of a new generation bank and the Oye Police Division. Amba, who said there was a...

The Nigeria Employers’ Consultative Association (NECA), has decried failure of the Senate to consider stakeholders submissions before passage of the Finance Bill into Law. Mr Timothy Olawale, the Director-General raised concern on Friday in a statement signed by NECA’s Project Officer, Mr Oluwaseun Amigun. News Agency of Nigeria (NAN) reports...