archiveJanuary 2020

Nigeria and the Island of Jersey will soon sign an agreement with the United States Government for the repatriation of 321 million dollars looted by former Head of State, late Gen. Sani Abacha. NAN reports that Island of Jersey is self-governing and has its own financial and legal systems and...

  The stock market will begin implementation of the new Value Added Tax (VAT) rate of 7.5 per cent on February 1. In a circular to stockbroking firms on Wednesday, the Nigerian Stock Exchange (NSE) indicated that with effect from February 1, VAT charged on commissions applicable to capital market...

  The Nigerian Presidency has reacted to Senator Enyinnaya Abaribe’s call for President Buhari’s resignation over the rising spate of insecurity in the country. Abaribe made the call on Wednesday during a session in the Senate. The presidency, in a statement signed by Garba Shehu, says: “President Buhari, to resign...

  Profit taking persisted on the Nigerian Stock Exchange (NSE) on Wednesday, bringing down the value of market capitalisation  to N14.994 trillion   from N15.132 trillion with which it opened the day trading, having shed N138 billion or 0.91 per cent. Also, the All-Share Index (ASI) decreased by 267.73 points, representing...

  Committed to deepen the Nigerian capital market and to support startups and Small and Medium Enterprises (SMEs),  the Nigerian Stock Exchange (NSE) on Wednesday unveiled the NSE ‘Growth Board’ . Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the...

The Peoples Democratic Party (PDP) on Wednesday said that those who defected to the ruling All progressive Congress (APC) in Imo state have lost their seats as representative of the people of the state. The party made the statement after the leadership said it received some reports that some members...

  Fidelity Bank Plc has brought succor to physically challenged Chemical Engineering graduate, Mr. Micheal Sowunmi who is fondly referred to as “the world’s greatest teacher” on account of his love for teaching. Sowunmi has been offered employment by top lender Fidelity Bank as a facilitator at the bank’s training...

Oyo State Governor, Engineer Seyi Makinde, visited the Inspector General of Police, IGP Adamu Mohammed in Abuja on Wednesday, declaring that his administration would not condone violence in Oyo. The Governor, who spoke to newsmen at the premises of the Force Headquarters, stated that he had briefed the IGP on...

  Anambra State Government has advised its citizens against travelling to Wuhan, China to avoid contracting the deadly Coronavirus. A statement by Anambra State Commissioner for Information and Public Enlightenment, Mr C.Don Adinuba, advised citizens of the state, both at home and overseas, not to fall for the economic, industrial...

Nigeria sold a total of N229.63 billion worth of the short-dated Treasury bills at higher returns to try to lure foreign investors to participate at the debt auction after the regulatory bank hike the Cash Reserves Requirements (CRR) for banks to 27.5 percent from 22.5 percent. The one-year treasury bills,...