archiveOctober 27, 2021

Professor Mahmood Yakubu, the Chairman of Independent National Electoral Commission (INEC), has said that the commission was ready for the November 6 governorship election in Anambra. He said this on Wednesday at a meeting with the Joint National Assembly Committee INEC and Electoral Matters to engage with the commission over...

    Trading on the Nigerian stock market returned to bearish territory on Wednesday with market capitalisation dropping by N13 billion due to profit taking in FBN Holdings (FBNH). Speficially, the market capitalisation which opened at N21.821 trillion dropped by N13 billion or 0.06 per cent to close at N21.808...

The Central Bank of Nigeria (CBN) has alerted Nigerians over fake social media handles of eNaira, the recently launched digital currency. The apex bank's Director, Corporate Communications, Osita Nwanisobi said this in a disclaimer notice issued on Wednesday. Nwanisobi also advised citizens to ignore claims that the CBN, among other...

   Prof. Lauren Cohen, L. E Simmons Professor of Business Administration, Harvard Business School, United States of America and other stakeholders on Thursday reeled out recommendations to deliver the success of the Central Bank Digital Currency (CBDC). They spoke at a symposium organised by the Financial Services Group Lagos of...

The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for classifying the shareholdings of Tunde Hassan-Odukale and his related parties into two parts of 4.16 per cent and 1.20 per cent respectively. There has been a controversy since Femi Otedola acquired...

  Oyo State government has reiterated its commitment to nurturing, supporting and stimulating the growth of Micro, Small and Medium Enterprises (MSMEs) in the state. Commissioner for Budget and Planning, Prof. Musibau Babatunde, stated this on Wednesday in Ibadan while declaring open a two-day capacity building training for beneficiaries of...

  The Minister of Power, Mr Abubakar Aliyu, has said that the Federal Government was making progress in ensuring the speedy completion of key power projects to deliver steady electricity supply to Nigerians. Aliyu said this in a statement in Abuja, on Wednesday, to mark his 50 days in office...

  The World Bank said Wednesday it has suspended aid to Sudan following the military takeover that deposed the prime minister. “I am greatly concerned by recent events in Sudan, and I fear the dramatic impact this can have on the country’s social and economic recovery and development,” World Bank...

The Chairman of FBN Holdings (FBNH), Mr Tunde Hassan-Odukale, has been confirmed as the largest single shareholder of the company. The News Agency of Nigeria (NAN) reports that this was stated in a letter published on the website of the Nigerian Exchange Ltd (NGX) on Wednesday. The letter signed by...

Ogun State governor, Dapo Abiodun, on Wednesday, announced a one-month moratorium for residents and entrepreneurs who have properties on portions of land already acquired by the State Government. According to the governor, “anyone or company that have built on Government acquired land have up till November 30 to apply for...