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A Magistrate Court 2 in Kado – Life Camp, Abuja, has sentenced a contract worker with the Joint Admissions and Matriculation Board (JAMB) to six months in jail for the theft of an HP laptop belonging to the Board. JAMB disclosed this in its weekly bulletin published on Monday. According to the bulletin, which was […]

Chief Frank Chinasa, the candidate of the Labour Party (LP) in the February 25 election, has called on the National Assembly Election Petitions Tribunal 4 in Umuahia to overturn the victory of Deputy Speaker of the House of Representatives, Chief Ben Kalu, in the said poll. Meanwhile, the Action Alliance (AA) has also approached the […]

*Tinubu Approves CBN’s Plans To Address FOREX Market Volatility The Central Bank of Nigeria has said it is set to take new measures to stabilise the naira against the dollar. Acting Governor of the CBN, Folasodun Sonubi, made the disclosure to State House Correspondents after briefing President Bola Tinubu on what the bank was doing […]

The family of Late Hon. Justice Raphael C. Agbo of Ohullor village, Obollo-Eke, Udenu LGA, Enugu, Nigeria, cordially requests your presence at the Burial Ceremony of our beloved Husband, Father, Brother, and Uncle, Hon. Justice Raphael C. Agbo, JCA, OFR. The Burial Ceremony was signed by: Raphael Chimezie Agbo Jnr. (Son) For the Family. The […]

*As University Announces Rescheduled Post UTME 2023 Timetable. In a powerful display of courage and determination, female law students at the University of Calabar (Unical) took to the streets to protest against the alleged rampant demand for sexual favors by some of their lecturers in exchange for grades. The protest, labeled #Unical, seeks to shed […]

CBN Sells OMO Bills at Higher Rates to Attract Foreign Investors The Central Bank of Nigeria (CBN) has ended its open market operation (OMO) bills holiday after more than seven straight months of abstinence from conducting primary market auctions.  Separate market analysts said the move may not be unconnected with the apex bank’s efforts to […]

FX Losses, Finance Costs Threaten MTN’s Scrip Dividend Plan Telecommunication giant, MTN Nigeria’s scrip dividend plan faces challenges from the company’s large foreign currency transactions revaluation losses in the first half of 2023. The telco company also saw its earnings impacted negatively amidst intense rivalry with its competitors in the market. The company secured Securities […]

Analysts Expect Rates to Soften as DMO Holds Auction Despite negative interest rate offerings on Nigerian government bonds, demand has been relatively strong due to sizeable liquidity in the financial system. Pension Fund Administrators and other market players remained bullish despite the fact that Nigeria’s surging inflation surge has kept real return on naira assets […]

Foreign Investors Dump FGN Eurobond as Sentiment Drops Selloffs hit the Federal Government of Nigeria (FGN) Eurobonds in the international capital market amidst uncertainties. It was noted that some foreign investors took cover last week in the Eurobond market as the release of the Central Bank audited financial statement triggered market reactions. Cowry Asset Management […]

Equities Market Cap Rises by N93bn to N35.57trn The Nigerian Exchange (NGX) market capitalisation advanced by about N93 billion due to moderate bargain hunting on listed companies’ stocks. The bears and bulls’ fight for dominance over the five trading sessions were tough, resulting in 18 basis point addition to the market index in the week. […]

Naira: Currency Speculation Trends as FX Gap Widens With a widening gap between official and open market exchange rates, currency speculators in the Nigerian economy recorded a surge in FX spread on the US dollar as active foreign currency users – manufacturers and Importers continued to patronise Bureau de Change. Last week, the Nigerian naira […]

Residents of Ibeju Lekki Applaud Dangote Refinery CSR activities The Committee of Baales and some residents of Ibeju Lekki, Lagos have showered encomium on the Management of Dangote Refinery, on its social responsibility initiatives. They expressed appreciation to the company for providing vital infrastructure for their communities, repairing all the entrance roads of the 15 […]