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The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.69 per cent to close the week at 38,382.39 and N20.08tn respectively. All other indices, however, finished higher with the exception of NSE Mainboard, NSE 30, NSE Insurance, … [Read more…]
Apex Igbo organisation, Ohanaeze Ndigbo, yesterday, said there was no going back on the push for a president of Igbo origin in 2023. It described the clamour for the president by Igbo as equity-inspired, adding that the Peoples Democratic Party (PDP) had betrayed Igbo in spite its long years of support to the party. … [Read more…]
According to recent figures on the Central Bank of Nigeria’s (CBN) website, on March 1, 2021 the external reserve was $34,998,144,389 but by March 16, it had shrunk to $34,475,618,425. Since January 25, 2021 when the reserve stood at $36,469,940,426.08 it has been on a steady decline to the current $34,475,618,425. In other words, … [Read more…]
The National Assembly chapter of the Parliamentary Staff Association of Nigeria on Thursday threatened to embark on an industrial action if the management of the federal parliament failed to implement the national minimum wage within two weeks. The workers action followed the expiration of their earlier 21-day ultimatum to the management which expired … [Read more…]
Independent National Electoral Commission (INEC), yesterday, tacitly endorsed 22 deregistered political parties to conduct primaries for the November 6 Anambra State governorship election. National Chairman of People for Democratic Change (PDC), Igwe Benjamin, who led the national chairmen of the 22 political parties to headquarters of the commission in Abuja, said the endorsement … [Read more…]
Governor Ifeanyi Ugwuanyi of Enugu State,yesterday, inaugurated the technology hub and youth innovation centres established by his administration to systematically prepare youths of the state to become competitive in national and global space, in line with the emerging digital economy. Inaugurating the centres located within the precincts of the Three-Arms-Zone, Independence Layout, Enugu … [Read more…]
All All Progressive Grand Alliance (APGA), yesterday, said it has not endorsed former Central Bank of Nigeria governor, Chukwuma Soludo, as APGA candidate for the November 6 governorship election. The party said it would conduct a free and fair primary for the November 6 governorship election which it described as inevitable. APGA … [Read more…]
Bankers have come under the searchlight of Economic and Financial Crimes Commission (EFCC) in the anti-graft agency’s new focus on infractions. More attention will also be devoted to cyber crime “which has become a big problem to this country”, EFCC Chairman AbdulRasheed Bawa said. Bawa spoke yesterday at the State House after … [Read more…]
The Independent National Electoral Commission (INEC) yesterday said it will soon engage the leadership of the National Assembly on the division, revision and alteration of electoral constituencies across the country. The commission said its discussion paper on the matter was being finalised. INEC Chairman, Prof. Mahmood Yakubu, who announced this during a consultative … [Read more…]
Aggregate foreign exchange inflow into the country in the fourth quarter of 2020 rose to $23.60bn from $21.46bn in the third quarter, figure from the Central Bank of Nigeria revealed on Tuesday. The CBN stated in its report on ‘Foreign exchange flows through the economy’ for the fourth quarter that though there was an … [Read more…]
Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has promised that the body will work to reduce export restrictions among member states, especially with regards to medical supplies in the wake of COVID-19 pandemic. She gave the assurance when she met with members of the Presidential Task Force on Coronavirus … [Read more…]
President of the Senate, Ahmad Lawan, has advised the Igbo to seize the opportunity provided by the President Muhammadu Buhari administration to gravitate to the centre of the Nigerian politics. Lawan spoke,yesterday, during a thanksgiving at Dan Anyiam Stadium, Owerri, Imo State to commemorate the one year in office of Governor Hope Uzodimma. … [Read more…]