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Monthly Average Exchange Rate for The Naira To a Pound and Euro Source: Central Bank Of Nigeria The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional […]

Minister of Finance, Kemi Adeosun has announced that The Federal Government, states and local governments shared N281.500 billion from federation revenue that accrued to the nation in the month of April. This figure is a minus of about N18.2 billion compared to the N299.74 billion shared last month. Adeosun, who briefed newsmen at the end […]

The Coca-Cola Company this week, announced Kelvin Balogun as President of the newly established South &East Africa Business Unit, to take effect in August 1 2016. Kelvin Balogun, has a Bachelor’s degree in Metallurgical & Materials Engineering from Obafemi Awolowo University in Ile-Ife. He started his career as a business analyst at Accenture in 1989 […]

Nigerian stocks closed trading in a positive note as the all share index rose 2.18%. Market capitalization at the close of trading was N9,917,951,533,693.61. Highlights of today’s trading session. NSE All Share Index 28,877.47 up 2.18% Market capitalization closed at N9.9 trillion compared to yesterday’s market capitalization of N9.3 trillion. Volume of shares traded was […]Read More

Court Orders Worldwide Freeze Of $1.8 Billion In Assets Stolen By Kola Aluko, Jide Omikore And Atlantic Energy A federal high court in Lagos has granted a Mareva injunction permitting the Nigerian government to freeze assets owned by two Nigerian businessmen Kola Aluko and Jide Omokore, and their company Atlantic Energy. The individuals are linked to […]

Energy Supplies Hit By Strike Action France is braced for further disruption to its energy supplies as workers at oil refineries, nuclear power stations, ports and transport go on strike. But in a sign of the growing pressure on the government, PM Manuel Valls said the labour reforms at the heart of the dispute could […]

Oil Hits $50 A Barrel For First Time This Year The price of oil has gone above $50 a barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery. The benchmark Brent crude price hit $50.07 a barrel in Asian trade. The rise followed US data […]

A militant group called Niger Delta Avengers said late on Wednesday that it had blown up the main electricity feed pipeline leading to the Escravos tank farm. “The attack truly happened,” Eric Omare, spokesman for the Ijaw Youth Council, said on Twitter. Resident Zebo Austin, who lives nearby, also confirmed there had been an explosion. […]

United Kingdom and Australia on Wednesday jointly deported 40 Nigerians for various immigration offences. The deportees comprising male and female arrived at the hajj camp area of the Murtala Muhammed International Airport at 7:25am on chartered aircraft. It was gathered that a chartered aircraft with the registration number ZTA-4741 brought 36 Nigerians – 29 males […]

The Federal Government has declared Monday, May 30 as public holiday to celebrate the 2016 Democracy Day. The Minister of Interior, Retired Lt.-Gen. Abdulrahman Dambazau made the declaration on behalf of the Federal Government on Wednesday in Abuja. A statement signed by the Permanent Secretary in the Ministry, Mr Bassey Akpanyung, quoted the minister as wishing Nigerians happy democracy […]Read More

Federal High Court judge Okon Abang on Wednesday turned down the application of former spokesman of the Peoples Democratic Party (PDP) Olisa Metuh for leave to travel abroad for medical reasons. According to ‎Abang, the court lacks jurisdiction to entertain the application because there is a subsisting order directing the accused to keep his international passport with the […]Read More

Barely a day after issuing a letter approving the appointment of Edaiken N’Uselu as the Oba of Benin, the Edo State Government has withdrawn the letter, promising to issue a fresh installation letter “in due course” that would be in line with the age-long succession tradition of the Benin kingdom. In a retraction statement signed […]