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The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent. The market capitalisation increased by ₦89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday. Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or…
April 23, 2021
Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent. The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando. Thus, the All-Share Index rose by 3.46 points or…
April 22, 2021
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria. The bank’s…
April 22, 2021
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination U.S dollars as legal tender. The apex bank gave the order in a circular signed by its Director of Currency Operations Department, Mr Ahmed Umar. Umar said that the CBN…
April 21, 2021
Nigeria's Currency in circulation (CIC) hits N2.81 trillion in March 2021, rising by N29 billion from the N2.78 trillion recorded in February. This was contained in the latest figures obtained from the official website of the Central Bank of Nigeria (CBN). According to the figures, March recorded the highest CIC since December 2020. The CIC…
April 19, 2021
Payment Of Funds Through Governors Violates 1999 Constitution, HOSCON Tells Buhari ...As The New Diplomat's Survey Sparks More Reactions A coalition of militant groups in the Niger Delta has threatened to breach the subsisting ceasefire accord with the federal government over the continued “unconstitutional” payment of the 13% derivation to governors of the region. This…
April 19, 2021
Executive Chairman and Chief Executive Officer (CEO) of Lee Engineering and Construction Company Limited, Chief Dr. Leemon Ikpea (the Odonlagbon of Warri Kingdom, Delta State) has been honoured with an award of excellence and recognition by Jabulani Empowerment Network, Canada (JEN Canada). JEN Canada, an advocacy and social development organization bestowed the business mogul with…
April 18, 2021
The Bayelsa State-owned Airport is set to commence flight operations following the approval of the Nigerian Civil Aviation Authority (NCAA). The NCAA Director-General, Nuhu Musa, made this announcement during the presentation of the regulatory body’s approval letter to Governor Douye Diri of Bayelsa State, at the Government House in Yenagoa. The Bayelsa International Airport also…
April 17, 2021
The Central Bank of Nigeria is set to place forex restriction on selected commodities including sugar and wheat. CBN Governor, Godwin Emefiele, stated this on Thursday in Nasarawa State during an inspection tour of the proposed $500m Dangote sugar processing facility. He said, “We are looking at sugar and wheat. We started a programme on…
April 16, 2021
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The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent. The market capitalisation increased by ₦89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday. Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or…
April 23, 2021
Trading on the Nigerian Exchange (NGX) Ltd., ended on a cautious note on Thursday with the key indicators recording a marginal gain of 0.01 per cent. The upward trend was sustained as a result of buy-interest in United Bank for Africa (UBA), FBN Holdings and Oando. Thus, the All-Share Index rose by 3.46 points or…
April 22, 2021
The World Bank on Wednesday said businesses in Nigeria lose about $29bn annually as a result of the country’s unreliable electricity. It also observed that Nigeria had the largest number of people without access to electricity in the world, as every one in 10 people without access to electricity now reside in Nigeria. The bank’s…
April 22, 2021
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DNBs) and Bureau De Change (BDC) operators to, henceforth, accept old and lower denomination U.S dollars as legal tender. The apex bank gave the order in a circular signed by its Director of Currency Operations Department, Mr Ahmed Umar. Umar said that the CBN…
April 21, 2021
Nigeria's Currency in circulation (CIC) hits N2.81 trillion in March 2021, rising by N29 billion from the N2.78 trillion recorded in February. This was contained in the latest figures obtained from the official website of the Central Bank of Nigeria (CBN). According to the figures, March recorded the highest CIC since December 2020. The CIC…
April 19, 2021
Payment Of Funds Through Governors Violates 1999 Constitution, HOSCON Tells Buhari ...As The New Diplomat's Survey Sparks More Reactions A coalition of militant groups in the Niger Delta has threatened to breach the subsisting ceasefire accord with the federal government over the continued “unconstitutional” payment of the 13% derivation to governors of the region. This…
April 19, 2021
Executive Chairman and Chief Executive Officer (CEO) of Lee Engineering and Construction Company Limited, Chief Dr. Leemon Ikpea (the Odonlagbon of Warri Kingdom, Delta State) has been honoured with an award of excellence and recognition by Jabulani Empowerment Network, Canada (JEN Canada). JEN Canada, an advocacy and social development organization bestowed the business mogul with…
April 18, 2021
The Bayelsa State-owned Airport is set to commence flight operations following the approval of the Nigerian Civil Aviation Authority (NCAA). The NCAA Director-General, Nuhu Musa, made this announcement during the presentation of the regulatory body’s approval letter to Governor Douye Diri of Bayelsa State, at the Government House in Yenagoa. The Bayelsa International Airport also…
April 17, 2021
The Central Bank of Nigeria is set to place forex restriction on selected commodities including sugar and wheat. CBN Governor, Godwin Emefiele, stated this on Thursday in Nasarawa State during an inspection tour of the proposed $500m Dangote sugar processing facility. He said, “We are looking at sugar and wheat. We started a programme on…
April 16, 2021
