FirstBank Leads in Forex Allocation as CBN Sells $143m to Banks

The Central Bank of Nigeria (CBN) sold $142,646,892.01 to 15 commercial banks and three merchant banks last week, as it sought to meet the huge demand for foreign exchange (forex) in the economy. The amount was higher by $11,891,598, compared with the $130,755,294.59 the central bank sold to 14 commercial banks, four merchant banks and […]

How NSE’s N1trn market capitalisation bid flopped

Fresh facts have emerged why the Nigerian Stock Exchange, NSE rescinded its N1 trillion market capitalisation target by 2016. Lack of liquidity , low capacity building, unfavourable economic policies have been adduced as major constraints militating against the growth of the market in the past  fours years. Vanguard’s investigation reveals that   after four years that […]

Food security: Poor power supply cripples Anambra rice mill

  In line with the resolve of Anambra state government under the leadership of Governor Wille Obiano to revolutionalize agriculture, especially rice production in commercial quantities even for export, many companies and individuals have embraced the gesture to actualize maximum food security in the state and country at large. But it is unfortunate that the major […]

Dangote: I’m in Business Not Just to Make Money, But to Help Africa

Africa’s richest man and the President of Dangote Group, Alhaji Aliko Dangote, has stated that he’s not in business solely to make money, but is just as interested in developing Africa and humanity, hence his philanthropic works through his foundation. He equally said that labelling Nigeria corrupt based on past misdeeds undermines the efforts of […]

Stock market investors lose N1.2trn in 4 months

The lackluster performance that pervaded the Nigerian Stock Exchange, NSE, in the last two years has continued in 2016 as investors in the market have lost as much as N1.2 trillion in the first four months of the year (January – April). This automatically leaves the NSE as the worst performing stock exchange among its […]

Stocks gain N276bn at NSE

Trading activities on the Nigerian Stock Exchange (NSE) on Tuesday ended on a positive note again with an upward movement of market capitalisation soaring further by N276 billion. The market capitalisation, which opened at N8.621 trillion, improved by N276 billion or 30.2 per cent to close at N8.897 trillion while the All-Share Index rose by […]

Suit against CBN’s governor thrown out

Justice John Tsoho of the Federal High Court, Abuja, yesterday struck out a suit against Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for alleged unlawful disbursement of funds to ex-National Security Adviser (NSA) Sambo Dasuki . The judge’s decision was informed by a notice of discontinuance by the plaintiffs – Achilike Anderson, […]

Savings in TSA hits N3trn – AGF

The total inflow into the Treasury Single Account (TSA) was N3 trillion ($15 billion) as at March ending while the number of Ministries, Departments and Agencies on single account  has risen to 976, the Accountant General of the Federation (AGF), Alhaji Ahmed Idris, has said. The AGF disclosed this at the ICAN UK International Zonal […]


SHABADADA  NIG LTD For your purified bottle water and assorted soft drinks- home  delivery  services inclusive!. contact us at David Mark  Road: 080-89880906 or 070-33587479.           Announcer : management

Occasion! Occasion!! Occasion!!!

 For your ceremonial/occasions’ attires/dresses(Aso-oke/Aso-ebi with lace materials to match), different and colourful head ties, ladies’ and gents suits, unisex office and casual wears, shoes, jackets, ladies’ gowns. For more information, call Ebony Initiatives on 07066767637, WhatsApp on 08052945999, BBM on 5C492D63 and you will be glad you did.