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Liquidity

Central bank: Value of money market assets outstanding hits N11.89 trillion

The Central Bank of Nigeria has said that the total value of money market assets outstanding in the fourth quarter of 2018 was N11.897trillion.
Nigeria Governors Forum (NGF)

NGF: Why states can’t afford N30,000 minimum wage

The Nigeria Governors’ Forum (NGF) yesterday said not all states can pay their workers N30,000 minimum wage because of their financial constraints and other limitations.
AfDB President Akinwunmi Adesina

Akin Adesina: Nigeria’s 4,500MW of power a shame

Akinwumi Adesina, president of the African Development Bank (AfDB), says it is unacceptable for Nigeria to be delivering 4,500 megawatts of electricity.

NSE suspends trading on Skye Bank shares

The Nigerian Stock Exchange (NSE) on Friday officially notified the investing public that Skye Bank Plc shares would be suspended from trading on Sept. 24.

Senate approves N348 billion subsidy payment to 74 oil marketers

The Senate has approved the payment of N348 billion as outstanding subsidy claims to 74 petroleum marketers.

Afam Power: Stranded power compels us to cut generation from 560MW to 240MW

The management of Afam Power PLC, has been compelled to cut generation from 560 megawatts, MW to 250 MW as a result of distribution challenges.

Oil prices rise as US lowers drilling

Oil prices have been lifted by a drop in U.S. drilling activity as well as by expectations that the United States could re-introduce sanctions against Iran.

Penny stocks post price depreciation on Nigerian Stock Exchange

Many penny stocks posted price depreciation on the Nigerian Stock Exchange (NSE) for the month of February, with Consolidated Hallmark emerging the worst performing stock in percentage terms.

NSE pricing methodology has provided liquidity for inactive stocks – experts

Some financial experts on Monday said that the Nigerian Stock Exchange amended par-value and pricing methodology has provided liquidity for inactive stocks in the market.

Recent Stories

Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.

Algerians protest against President Bouteflika’s bid for fifth term

Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.

Elections: Rivers APC kicks as INEC chairman claims every judgment has been obeyed

The Director of Strategic Communications for the All Progressives Congress (APC) governorship candidate in Rivers State, Tonye Cole, Prince Tonye Princewill, has expressed dissatisfaction with the Chairman, Independent National Electoral Commission (INEC), Prof. Yakubu Mahmood, over the claim that all court judgments have been obeyed by the electoral umpire as regards the state.

Elections: Police summon APC Reps member over Kano violence

The police in Kano on Friday ‘invited’ a member of the House of Representatives, Abdulmumin Jibrin, over his alleged role in a bloody clash between members of the PDP and APC in Bebeji Local Government Area.

Elections: Liberia’s Ellen Sirleaf urges politicians to maintain peace, adhere to rule of law

Head of the ECOWAS Election Observetion Mission (EOM), former Liberia’s President, Ellen Johnson-Sirleaf, has urged Nigerians, particularly the political class, to sustain the peace that characterised the postponement of the Presidential and National Assembly elections and also conduct themselves according to the laws of the land as they go to the polls Saturday.

Policeman, thugs arrested for branding private vehicles in police colours

An unidentified police inspector was arrested on Thursday at a hotel in Ewet Housing Estate for aiding some people to brand two private vehicles in police colour.