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The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market records N29 billion loss

Trading activities on the floor of the Nigerian Stock Exchange fell by 0.22 per cent on Thursday to halt its gaining streak as market speculators began profit-taking.
As part of its ongoing effort to revitalise the growth of SME’s in the Health Sector, Polaris Bank has announced the introduction of a new Polaris Health Sector Loan bundle to support the growth of the sector.

Polaris Bank optimistic on post-coronavirus performance

Polaris Bank plans to leverage its investment in cutting-edge information technology to harness emerging opportunities and mitigate the disruptive effect of the COVID-19 pandemic on its business.
Mr Bayo Olugbemi has been sworn in as the 21st president-chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).

Bayo Olugbemi sworn in as new CIBN president

Mr Bayo Olugbemi has been sworn in as the 21st president/chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator, CAN condemn Kajuru killings, sue for peace

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, and the Kaduna State chapter of the Christian Association of Nigeria (CAN) have condemned the spate of killings in communities in Kajuru Local Government Area of the state.
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.5

Senate receives President Buhari’s request to confirm Law Reform Commission, NDIC nominees

The Senate on Tuesday received President Muhammadu Buhari’s request for the confirmation of Professor Jumai Audi, as a Chairman of the Nigerian Law Reform Commission.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

2020 budget: OPS backs proposed $20 oil price benchmark

Members of the organised private sector (OPS) and some analysts have hailed the plan by the federal government to further review downward the oil price benchmark in the 2020 budget to $20 per barrel.
UBA SANI

Senator Sani donates N80 million foodstuffs to less privileged in Kaduna

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has donated 12 trucks of food items worth N80 million for distribution as palliatives to the less privileged in Kaduna State.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank levies $3.9 billion on banks to soak up liquidity, support Naira

Nigeria’s central bank has collected 1.4 trillion naira ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters.
Gov. Simon Lalong in a statement by his Director of Press and Public Affairs, Dr Makut Macham, on Wednesday in Jos, said the roadmap was to brainstorm on economic recovery strategies for the state.

Plateau sets up post-coronavirus economy road map

The Plateau state government have set up a post COVID-19 economy road map for the state, as part of efforts to cushion the impact of the pandemic on the state’s economy.
Lagos State Governor, Mr Babajide Sanwo-Olu has appointed Dr. Emanuella Zamba as the new Acting General Manager for Lagos State Health Management Agency LASHMA.

Lagos governor reacts to Abba Kyari’s demise

Lagos state governor, Babajide Sanwo-Olu has condoled with President Muhammadu Buhari over the passing away of his Cheif of Staff, Mallam Abba Kyari.
In a statement signed by Maryam Uwais, Special Adviser to the President on Social Investments on Thursday, the Presidency detailed how National Social Investment Programme works and how the poor and vulnerable are reached.

Presidency: Poor Nigerians don’t need internet, BVN to access cash transfer

The Presidency has faulted the leadership of the National Assembly over claims that poor and vulnerable Nigerians are required to apply online or through the internet to benefit from the Conditional Cash Transfer.

Rwanda extends lockdown as coronavirus cases jump to 82

The lockdown, to remain until April 19, comes as Rwanda on Wednesday reported 82 coronavirus cases, the highest number of infections confirmed in the region.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market nosedives 0.14% as investors lose N16 billion

The effect of coronavirus, COVID-19, on Tuesday continued to ravage the stock market as its nosedived by 0.14 percent or 14 bases points, bps with investors losing N16 billion of their investment.

Central bank suspends cheque clearing as Nigeria enters lockdown over virus

The central bank has temporarily suspended cheque clearing in the Nigerian banking system as President Muhammadu Buhari ordered lockdown takes effect midnight Monday in a bid to curb the spread of the coronavirus.
National Open University of Nigeria (NOUN)

NUC approves six new courses for NOUN

The National Open University of Nigeria (NOUN) says that the National Universities Commission (NUC) has approved six academic programmes for the institution.
The House of Representatives is calling for the postponement of the National Sports Festival scheduled to hold next week in Edo State.

House of Reps to probe central bank’s anchor borrowers’ scheme

The House of Representatives has resolved to investigate the Anchor Borrowers’ Scheme(ABS) of Central Bank of Nigeria (CBN) over non-recovery of N81.5 billion from companies.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

Forex racketeering: House of Reps probe CBN, FIRS, others over $30 billion leakages

The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies.
Former President Olusegun Obasanjo has listed what Nigeria should do to have access to $12 trillion “dormant funds”.

[email protected]: PDP hails ex-president’s patriotism, achievements

The Peoples Democratic Party (PDP), on Wednesday, lauded former President, Chief Olusegun Obasanjo, for his undiluted patriotism towards the stability, development and cohesiveness of the nation, as he clocks 83.

Recent Stories

Cameroon military acknowledges soldiers arrested in Togo

Cameroon’s military says three of five men recently arrested by Togolese police and portrayed by Togolese media as notorious criminals who committed serious offenses against Togolese citizens are Cameroonian soldiers, while the other two are former convicts. The three military men stole weapons from the military headquarters in Yaoundé and went to Togo’s capital, Lomé, where they used the weapons to harass Togolese, according to Togolese police.
Israeli centrist party leader Benny Gantz said he has accepted an invitation to meet United States President Donald Trump in Washington on Monday to discuss a peace plan for the Middle East.

Israeli defense minister apologizes over Palestinian’s death

Israeli Defense Minister Benny Gantz apologized on Sunday for Israeli police’s shooting to death an unarmed, autistic Palestinian man in East Jerusalem on Saturday.
Lagos State Governor Babajide Sanwo-Olu

Lagos set to reopen economy

The Lagos State Government would soon embark on the ‘Register-to-Open Initiative’ toward the gradual reopening of the economy in the state.

Senator Ajimobi’s ex-aide defects to PDP

The candidate of the All Progressive Congress (APC) for the Ibadan Southeast/Northeast Federal House of Representatives in Oyo state during the 2019 general election, Mr Deji Aboderin, has defected to the ruling People’s Democratic Party.
The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.

RRS arrests man over nude photos of Salawa Abeni

The operatives of Rapid Response Squad (RRS) has arrested a 19-year-old National Diploma holder of Yaba College of Technology, Lagos as the brain behind the blackmail of Queen Salawa Abeni with nude photographs.