Ad
The Nigerian equities market extended its two-day loss to close Friday June 23, 2017 with a week-on-week negative position of 4.99 per cent due to falling oil prices nearing the budget benchmark of $44.5 per cent Five days trading witnessed market capitalisation depreciating by N7.465 billion. Analysts at Trust Yield investment said the “Nigeria’s recent…
June 26, 2017
 The National Bureau of Statistics (NBS) has said that the increase in the value of exports put at 28.9 per cent and 3.8 per cent towards the end of second and third quarter of 2016 was due to the depreciation of the naira. The bureau noted that the value of export of goods and services…
June 22, 2017
Aliko Dangote, President, Dangote Group, has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment to the country and a huge loss of close to N140 billion to the government on a weekly basis. Dangote, who spoke to journalists on Tuesday,…
June 21, 2017
… As IMO pledges support on Policy framework drafting. By Olamilekan Okeowo (Editor, The New Diplomat) The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria is in dire need of a Maritime Transport policy which will complement the existing National Transport Policy and advance the country’s…
June 20, 2017
Following the successful passage of the budget by the national assembly and approval by the executive arm, the Minister of Finance, Mrs. Kemi Adeosun, has expressed the readiness of her ministry to immediately release N350 billion as part of the capital votes included in the 2017 Appropriation Act, which was signed into law last week.…
June 20, 2017
After two years of shadow boxing, the situation on ground in Africa’s largest economy shows that much needs to be done in the area of turning around the economy so as to diversify it, create jobs and make life more meaningful for Nigerians, Sunday independent interactions with stakeholders reveal. However, expectations are high that massive…
June 18, 2017
The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank of Nigeria (CBN) again injected $418m into foreign exchange market. The intervention, which cut across various segments of the inter-bank forex market, was aimed at pushing for the convergence of various market rates and resumption of…
June 14, 2017
By 'Dotun Akintomide Acting President Yemi Osinbajo has attributed the delay in the signing of the 2017 budget 24 four days after its passage by the national assembly to the removal and changes made to the executive projects included in the first version of the budget proposal presented to a joint session of the national…
June 13, 2017
Olamilekan Okeowo Following several days of delay, Acting President Yemi Osinbajo has signed the 2017 Appropriation bill into law, The New Diplomat can authoritatively report. Osinbajo assented to the Budget around 4:42 p.m. In a Twitter message on the handle of the Acting President's Senior Special Assistant on -Media&Publicity, Laolu Akande described the action as a…
June 12, 2017
Advert
Ad
The Nigerian equities market extended its two-day loss to close Friday June 23, 2017 with a week-on-week negative position of 4.99 per cent due to falling oil prices nearing the budget benchmark of $44.5 per cent Five days trading witnessed market capitalisation depreciating by N7.465 billion. Analysts at Trust Yield investment said the “Nigeria’s recent…
June 26, 2017
 The National Bureau of Statistics (NBS) has said that the increase in the value of exports put at 28.9 per cent and 3.8 per cent towards the end of second and third quarter of 2016 was due to the depreciation of the naira. The bureau noted that the value of export of goods and services…
June 22, 2017
Aliko Dangote, President, Dangote Group, has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment to the country and a huge loss of close to N140 billion to the government on a weekly basis. Dangote, who spoke to journalists on Tuesday,…
June 21, 2017
… As IMO pledges support on Policy framework drafting. By Olamilekan Okeowo (Editor, The New Diplomat) The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria is in dire need of a Maritime Transport policy which will complement the existing National Transport Policy and advance the country’s…
June 20, 2017
Following the successful passage of the budget by the national assembly and approval by the executive arm, the Minister of Finance, Mrs. Kemi Adeosun, has expressed the readiness of her ministry to immediately release N350 billion as part of the capital votes included in the 2017 Appropriation Act, which was signed into law last week.…
June 20, 2017
After two years of shadow boxing, the situation on ground in Africa’s largest economy shows that much needs to be done in the area of turning around the economy so as to diversify it, create jobs and make life more meaningful for Nigerians, Sunday independent interactions with stakeholders reveal. However, expectations are high that massive…
June 18, 2017
The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank of Nigeria (CBN) again injected $418m into foreign exchange market. The intervention, which cut across various segments of the inter-bank forex market, was aimed at pushing for the convergence of various market rates and resumption of…
June 14, 2017
By 'Dotun Akintomide Acting President Yemi Osinbajo has attributed the delay in the signing of the 2017 budget 24 four days after its passage by the national assembly to the removal and changes made to the executive projects included in the first version of the budget proposal presented to a joint session of the national…
June 13, 2017
Olamilekan Okeowo Following several days of delay, Acting President Yemi Osinbajo has signed the 2017 Appropriation bill into law, The New Diplomat can authoritatively report. Osinbajo assented to the Budget around 4:42 p.m. In a Twitter message on the handle of the Acting President's Senior Special Assistant on -Media&Publicity, Laolu Akande described the action as a…
June 12, 2017
