admin

Download PDF

Download PDF

Governor Akinwunmi Ambode of Lagos State has urged Nigerians to look inward, embrace massive production of goods and take ownership of businesses to overcome current foreign exchange challenges. Ambode gave the advice in a statement issued by his Chief Press Secretary, Mr Habib Aruna on Wednesday. The statement quoted the governor as speaking when he received… […]

FMDQ OTC Securities Exchange on Wednesday said that it would introduce OTC derivatives into the market by 2017 to further deepening of the Nigerian Debt Capital Market (DCM). Ms Kaodi Ugoji, FMDQ Vice-President, Strategy and Corporate Services Division, said in Lagos that product diversification would be the company’s key focus in 2017. A derivative is… […]

The House of Representatives on Wednesday mandated its Committees on Petroleum Resources (Upstream) and Public Procurement to investigate the 260 million dollars contract awarded by the National Petroleum Investment Services (NAPIMS). This followed a motion raised by Rep. Babatunde Kolawole (Ondo-APC), which was unanimously adopted by members through a voice vote. Kolawole explained that NAPIMS, […]

The Bank of Agriculture (BOA) in Kebbi State said it would grant N14 billion loan to 70,000 rice and wheat farmers. The Manager of the bank, Alhaji Yusuf Ibrahim, said on Wednesday in Birnin Kebbi, that the loan was the second phase of the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme. Ibrahim said that the… […]Read More

Chieftains of the All Progressive Congress (APC) are currently meeting with Vice President Yemi Osinbajo. Though it is not clear what the agenda of the meeting is, it may not be unconnected with mediation moves on behalf of the Senate President Bukola Saraki, who is also in attendance . Those in attendance include a leader… […]

In a significant move towards the resolution of the fine crisis plaguing it, South African telecoms company MTN has pulled out of court and paid N50bn or $250m to Nigerian authorities paving way for an agreement over a $3.9bn fine it faces from the government for failing to disconnect unregistered sim cards. The “good faith… […]

Sepp Blatter and Michel Platini have had their bans from football reduced from eight to six years by the FIFA Appeal Committee. Former FIFA chief Blatter and Platini were banned from all football activity over a conflict of interest in a two million Swiss franc (£1.35 million) payment deal made to Platini that is also […]

The senate has ordered the termination of the contract the Central Bank of Nigeria (CBN) had with Systemspecs, an electronic platform for the collection of Treasury Single Account signed in 2013. Also, the nation’s apex law making body has directed that the central bank should refund N656.5 million to Systemsspecs as its own commission for… […]

The International Monetary Fund (IMF) called on Wednesday for Nigeria to lift foreign exchange curbs and let the naira reflect “market forces” more closely, also urging more fiscal discipline and structural reform to bolster growth. President Muhammadu Buhari has rejected a naira devaluation and backed hefty restrictions imposed by the central bank to prevent a… […]

The naira firmed sharply on the parallel market on Wednesday as retail currency traders tried to adjust to the reality of no devaluation by the government. The naira firmed to between 302 and 310, a 20.5 percent gain from Tuesday’s close of 364 to the dollar. The official interbank rate closed at 197.50 on Wednesday. On… […]Read More