archiveJuly 27, 2021

Despite FX restrictions, foreign transactions in Exchange Traded Funds (ETFs) grew by 99.64 per cent even as ten stock brokers drove 99.9 per cent of total transaction value and 97.3 per cent of total volumes of ETFs in the second quarter (Q2) of 2021. The NGX Quarterly report for Q2...

The Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Tuesday, July 27, 2021 secured the conviction one Abubakar Abdulbashit Opeyemi, a final year Student of the University of Ilorin and two other undergraduate students charged with offences bordering on love scam and internet fraud. They two...

Founder of Afe Babalola University, Ado Ekiti, Aare Afe Babalola (SAN), has called on necessary stakeholders to ensure that a new truly federal constitution with provision for parliamentary government to replace the 1999 constitution must be in place before the 2023 general elections. Babalola said that anything to the contrary...

  Analysts at Cordros Research Ltd. said discontinuation of sale of foreign exchange to the Bureau De Change (BDC) operators would lead to further pressure on the exchange rate in the parallel market. The analysts said this in a post on the Monetary Policy Committee (MPC) report obtained by the...

 Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. Specifically, the All-Share Index lost 46.93 points or 0.12 per cent to close at 38,802.15 from the 38,849.08 recorded on Monday....

 The Inspector-General of Police (I-G), Mr Usman Baba, has approved the posting and redeployment of 24 promoted assistant inspectors-general of police to zonal commands and formations. The Force Public Relations Officer (FPRO), Frank Mba, announced this in a statement on Tuesday in Abuja. Mba said the posting and redeployment was...

The Presidency has said it would be watching members of its Staff and sanction anyone divulging classified information without authorisation. Permanent Secretary State House, Tijjani Umar, stated this on Tuesday after 37 officials of the State House took the Oath of Secrecy administered on them by Justice Hamzat Muazu of...

The Joint Admissions and Matriculation Board (JAMB) has cleared and released the 2021 Unified Tertiary Matriculation Examination (UTME) results of 14,620 candidates which were  under investigation while results of 93 candidates have been withheld. Spokesperson of the Board, Dr Fabian Benjamin in a statement in Abuja, said this followed the...

The Peoples Democratic Party (PDP) has slammed President Muhammadu Buhari over his recent trip to London for the Global Education Summit on Financing Global Partnership for Education (GPE) 2021-2025. The PDP said it is appalling that “Buhari could deploy the nation’s resources to travel to London” when the meeting is...

The Central Bank of Nigeria (CBN)has stopped the sales of freign exchange (forex) to the Bureau De Change operators in the country with immediate effect.The CBN Governor, Godwin Emefiele, disclosed this after the Monetary Policy Committee’s two-day meeting in Abuja on Tuesday.The apex bank, however, retained the Monetary Policy Rate...