archiveJune 10, 2023

A total turnover of 2.196 billion shares worth N45.971 billion in 31,655 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.586 billion shares valued at N46.643 billion that exchanged hands last week in 35,122 deals. The Financial Services Industry...

Dr Olisa Agbakoba (SAN) has said that the suspension of the Governor of the Central Bank of Nigeria (CBN) from office is not a surprise as his tenure was way beyond monetary policy. But the legal icon said that the confirmation by the Department of State Security (DSS) that Emefiele...

  Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Friday, June 9, 2023, convicted and sentenced one Kayode Adegbaju, an engineer, to 11 years imprisonment for N61.1m fraud. Adegbaju, alongside his company, Warewater Limited, was arraigned by the Lagos Zonal  Command of the Economic and...

  igerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The Webinar, which will hold on Wednesday, 14 June 2023, is designed to provide market operators, investors and other stakeholders with an...

Operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, (EFCC) have arrested Fifty Six (56) suspected internet fraudsters in Port Harcourt, Rivers State. They were arrested on Monday, June 5, 2023, in a sting operation at Rivtaf Golf Estate, Port Harcourt following intelligence on their...

In a shocking development, the Federal Government of Nigeria has suspended the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Sources reveal that Emefiele was arrested in Lagos by the Department of State Services (DSS) on June 10 and flown to Abuja for questioning which the security agency has now...

Governor Caleb Mutfwang of Plateau state said at least 150 people have been killed in Mangu LGA of the state in the last three weeks. Mutfwang disclosed this in an interview with Channels Television on Friday. According to the governor, four persons were murdered in the LGA on Thursday night....

The Founder of Afe Babalola University, Ado Ekiti (ABUAD) and Senior Advocate of Nigeria, Chief Afe Babalola, has advised President Bola Tinubu to stop the payment of severance packages and allowances to lawmakers. Babalola stated this in ABUAD during the 63rd yearly general meeting of the Nigerian Association of Chambers...

The Presidential Election Petition Court (PEPC) sitting in Abuja, on Saturday, struck out an application the candidate of the Labour Party (LP) Mr Peter Obi, filed for permission to interrogate the Independent National Electoral Commission (INEC) on the technology it deployed for the conduct of the general elections. Specifically, Obi,...

The apex Igbo socio-cultural organisation, Ohanaeze Ndi Igbo, on Saturday, condemned the suspension of Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN). President Bola Tinubu on Friday, approved the suspension of Emefiele as Governor of the apex bank over “an ongoing investigation of his office and...