Investors in the Nigerian capital market would be credited directly with the net proceeds of stock market transactions as from January 2, 2016.
The African Development Bank Group (AfDB) has granted a N2.364 billion ($12 million) credit facility to Nigeria’s LAPO Microfinance Bank Ltd.
Wema Bank Plc yesterday said its Capital Adequacy Ratio (CAR) is 18.6 per cent based on September 2015 results, which is significantly higher than the 10 per cent required by the Central Bank of Nigeria (CBN) for regional and national bank.
Senate yesterday commenced the probe of the N2.4bn abandoned Agbaraho Township roads project in Ugheli North local government of Delta state awarded by the Niger Delta Development Commission (NNDC).
Investors and money dealers across the various spectrums of Nigerian financial market have reacted sharply to the new monetary policy of the Central Bank of Nigeria, CBN, barely 24 hours of the policy pronouncements.
The Naira on Wednesday strengthened against the dollar as it traded for N240 at the parallel market.
Telecommunications companies, MTN Nigeria Communications Limited and Etisalat Nigeria, have asked a Federal High Court in Lagos to dismiss a suit filed against them by aggrieved subscribers whose lines were allegedly wrongfully deactivated.
A choking debt of about N49,305,181,196.66 owed the 11 electricity distribution companies (Discos) in the country is one of the impediments against their efficient operations.
To end the fuel scarcity in the country, the Nigerian National Petroleum Corporation (NNPC) is engaging the Department of State Services (DSS) and Economic and the Financial Crimes Commission (EFCC) to check the hoarding and diversion of petroleum products by some unscrupulous marketers.
The Lagos State Government has increased security measures in the state with the acquisition of three helicopters, among other gadgets, to fight rising insecurity in the state.
There were strong indications on Wednesday that the campaign organisation of the late Kogi State governorship candidate of the All Progressives Congress, Alhaji Abubakar Audu, was preparing a ground for the emergence of the deceased’s son, Mohammed, as a replacement for his father.
The United Kingdom Government on Wednesday deported 48 Nigerians over immigration related offences.
Ekiti State Governor, Ayodele Fayose, has faulted the directive of the Independent National Electoral Commission that the All Progressives Congress should nominate a fresh candidate for the inconclusive Kogi Governorship Election.
Almost six months after the change of government, former President Olusegun Obasanjo has for the first time congratulated former President Goodluck Jonathan for successfully handing over to President Muhammadu Buhari and commended him for continuing to have faith in Nigeria.
The factional leadership of the Movement for the Actualization of the Sovereign State of Biafra, MASSOB, yesterday, accused the South-East governors, members of Ohanaeze Ndigbo and other Igbo leaders in the country of betraying the interest and demands of Ndigbo in the current political dispensation.