Speaker, House of Representatives Yakubu Dogara on Friday said that the parliament would strengthen capital market laws to empower regulators to sanction erring operators. Dogara said this at a news conference in Lagos after ringing the closing bell at the Nigerian Stock Exchange (NSE). He said that capital market regulators needed to be on top […]
Continue ReadingFarmers have urged relevant agriculture agencies to improve on the nation’s produce storage facilities to achieve the Federal Government’s objectives of boosting food production. The farmers were reacting to the inauguration of the Presidential Committee/Task Force on Rice and Wheat to facilitate its programme on self-sufficiency in food production. Chief Marcel Eleri, Chairman of Association of Registered […]
Continue ReadingNigeria’s Apex bank, the Central Bank of Nigeria, CBN, has issued a statement affirming that contrary to ongoing rumours, the Nigerian banking industry remains very healthy with none of the player in the sector distressed.The CBN made this public in a statement issued on Wednesday in reaction to rumours and speculations that some of banks […]
Continue ReadingPetroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Monday, directed its members nationwide to embark on a strike from Thursday, following government refusal to address pending issues affecting the oil industry. The impending strike, as revealed by PENGASSAN’s Acting General Secretary, Lumumba Okugbawa, will affect all sub-sectors of the oil and gas […]
Continue ReadingFollowing the decision of the Central Bank of Nigeria (CBN), to dissolve the existing boards of Skye Bank, Timothy Oguntayo, chief executive officer (CEO) of the troubled bank has resigned, with top management of the bank, including non-executive directors, resigning as well.The sack of top executives of Skye Bank is said to be due capital […]
Continue ReadingBy Bayo AdeyinkaI should be in jail. Not once but many times over. More than half of the population of Lagos should also be in jail. And I think Governor Akinwumi Ambode would not have had the chance to be our Governor because he would have been an ex-convict. Proof? This picture right here. That […]
Continue ReadingThe Minister of Finance, Mrs Kemi Adeosun on Friday said the Nigerian movie industry otherwise known as Nollywood, played a very important role in the country’s economy. She said this in Abuja at the film industry stakeholder’s workshop aimed at restructuring and reinvigorating Project ACT Nollywood. The Project ACT Nollywood is a N3 billion grant […]
Continue ReadingThe Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) worth 50 billion dollars with some Chinese companies for infrastructure development in oil and gas sector. The information is contained in a statement issued by the Corporation on Wednesday in Abuja. It stated that “NNPC wishes to announce the recent landmark strides […]
Continue ReadingThe new foreign exchange regime implemented by the Central Bank of Nigeria (CBN) saw the naira “effectively devalued” from 197 to about 283 against the dollar on the official side. The naira has lost over 30 percent of its value to the dollar since the start of the new regime, but many foreign investors are […]
Continue ReadingThe world’s richest man, Bill Gates and Mark Zuckerberg, co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave the European Union. According to Bloomberg Billionaires ranking, both men were the worst-hit billionaires in the United States, losing $1.8 billion and $1.6 billion respectively. In context, the amount lost […]
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