Category: Economy

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Presidential Committee To Probe Alleged Fraud In YouWin Programme

The Federal Ministry of Finance, on Friday said following preliminary investigations into fraud in the third batch of the Federal Government’s YouWin ...

UBA Eyes Operations In Six More African Countries

• Says 2016 Forex Revaluation Gains Sustainable Apparently encouraged by results of its diversification into African countries in recent years, the...
Breaking: FG Extends Lifespan of 2016 Capital Budget To May 5

Breaking: FG Extends Lifespan of 2016 Capital Budget To May 5

Following the non-passage of the 2017 Appropriation Bill and with the first quarter ending on Friday, March 31, the Accountant-General of the Federati...

Yahaya To Lead 10-Man DBN Board, As FG Names Okpanachi CEO

The Federal Ministry of Finance on Thursday, named a 10-man board led by Dr. Shehu Yahaya, former Executive Director of the African Development Bank (...
CBN Begins Twice Weekly BDC FX Sales On Monday

CBN Begins Twice Weekly BDC FX Sales On Monday

Buoyed by successes already recorded in its ongoing bid to stabilize the Naira against major currencies in the world and enhance supply hiccups, the C...
NSE Holds EGM, Gets Nod For Demutualisation Programme

NSE Holds EGM, Gets Nod For Demutualisation Programme

Members (shareholders) of the Nigerian Stock Exchange (NSE) on Thursday met at an Extra-ordinary General Meeting (EGM) and approved the demutualisatio...
Osinbajo Seeks More Stringent KYC Rules In Int’l Banking System

Osinbajo Seeks More Stringent KYC Rules In Int’l Banking System

Vice President Yemi Osinbajo, on Thursday in Paris, France, said countries hosting global financial centres must become more accountable, if transpare...
NNPC Has Enough Gas To Generate 8,000mw Of Electricity, Says GMD

NNPC Has Enough Gas To Generate 8,000mw Of Electricity, Says GMD

• Inadequate Capacity, Not Gas Cause Of Power Supply Hiccup • Backs Plan For Modular Refinery In Niger Delta The Nigerian National Petroleum Corpo...
Interest In Insurance Stocks, Push Transaction Volume

Interest In Insurance Stocks, Push Transaction Volume

Market Update for March 29 The Nigerian stock market’s volatility continued on Wednesday, with the benchmark indicators closing lower, even despite...
CAP Plc Nets N1.6bn Profit, Offers N2.20 Dividend

CAP Plc Nets N1.6bn Profit, Offers N2.20 Dividend

The board of Chemical & Allied Products Plc, on Wednesday noted the negative impact of the economic recession on its operations last, year, judging by...
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