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As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.
Despite weak sentiments, the Nigerian equities market closed positive last week as All Share Index (ASI) gain 0.58 per cent. Thus local bourse recorded its largest weekly gain in seven weeks.
The key market indicators of the Nigerian Stock Exchange (NSE) on Thursday posted the first gain for the week, appreciating by 1.40 per cent.
Activities on the Nigerian Stock Exchange (NSE) on Tuesday maintained negative sentiment, with the All-Share Index (ASI) declining further by 0.39 per cent.
Sentiments in the local bourse weakened leaving the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) at 24,276.56 basis points on Thursday, having declined marginally by 0.01per cent.
The Nigerian Stock Exchange (NSE) resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion.
The Abuja division of the Federal High Court on Monday granted an order of interim forfeiture of N510m belonging to former Commander, Presidential Air Fleet (PAF), Air Vice Marshall Uko Ebong.
The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
The Chief Executive Officer of The Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has expressed the Exchange’s commitment to providing corporates and investors access to the market in meeting their financial and investment needs during this period and beyond.
The Nigerian Stock Exchange (NSE) rebounded on Tuesday with a growth of 1.24 per cent, after a loss of over N200 billion in the preceding trading session.
Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.”
The dust raised over the alleged withdrawal of criminal charges against a former Minister of Petroleum Resource, Diezani Alison-Madueke, is yet to settle as a pressure group, Northern Youths in Defence of Democracy and Justice (NYDDJ), has jumped into the fray, dismissing denials by the Economic and Financial Crimes Commission (EFCC) that the charges have not been dropped but split.
A 63-year-old tailor, Gbenga Oyeneye, on Monday, at a Yaba Chief Magistrates’ Court in Lagos, pleaded guilty to stealing a student’s bag containing his laptop, phone and ATM card, all valued at N140,000.
Disclosing this at an on-going special training organised by the Oyo State Road Transport Management Authority, OYRTMA, in conjunction with the Oyo State Chapter of the Institute of Road Transport Workers, OYRTMA Chairman, Dr Akin Fagbemi, noted that the government wanted to use the scheme to empower the commercial motorists.
Police in Enerhen Divisional Headquarters on Wednesday arrested a suspected thief (name unknown) after passing the night inside Sterling Bank’s restroom with the intention of stealing, in Uvwie Local Government Area of Delta State.
The Anambra State government has confirmed the sack of no fewer than 800 employees of the state moribund Water Board Corporation.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.
Al-Nassr winger and Super Eagles captain Ahmed Musa has announced the birth of a baby boy to his family.
The military has shed more light on its controversial Operation Safe Corridor programme which has once again recently come under fire from the Nigerian public.
The Non-Academic Staff Union of Educational and Associated Institutions (NASU) and Senior Staff Association of Nigerian Universities (SSANU) said they would proceed on strike over unresolved issues with the Federal Government immediately the universities reopen.
President Muhammadu Buhari is currently meeting with Nigeria’s security chiefs as the security situation worsens across the country.
Manchester City are "more than a match" for Real Madrid but they must be wary of Karim Benzema's threat in the final third, says Joleon Lescott.
Nigeria winger Henry Onyekuru rejoined Ligue 1 club Monaco on Tuesday ahead of the new season.
Heartland FC boss Fidelis Ilechukwu has revealed the strong feeling of nostalgia on the drama that characterizes the regular NPFL season after four months out of normal coaching job.
Facebook condemned Saturday what it called an “extreme” ruling by a Brazilian Supreme Court judge ordering it to block the accounts of 12 high-profile allies of President Jair Bolsonaro, which it vowed to appeal.