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GSI: Banks notify customers of move to seize debtors’ funds

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

Investors gain N73.07 billion as equities market adds 0.58% WoW

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

NSE market capitalisation up by N177 billion on Dangote Cement gain

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

Transactions close flat on NSE

Trading at the nation’s bourse closed flat on Wednesday with the All-Share Index (ASI), which opened at 24,174.45, closing at 24,173.53.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE sustains negative sentiment, ASI down 0.39 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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Equities market decline marginally by 0.01 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 logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market capitalisation opens week with N37 billion growth

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 Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Court orders forfeiture of N510 million belonging to ex-NAF chief

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 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.

Central bank, bankers committee suspend planned lay-offs in banks

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

NSE hosts debut digital closing gong ceremony

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

NSE: Market indices close upbeat with 1.24 per cent growth

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

Nigeria equities investors lose N2.6 trillion in March

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.”

Sterling Bank donates N250 million to private sector coalition against virus pandemic

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.”
Nigerian Stock Exchange NSE

NSE opens week with N181 billion loss

Activities on the nation’s bourse opened for the week on Monday still on a negative outlook with the market capitalisation shedding N181 billion.
Economic and Financial Crimes Commission (EFCC)

EFCC told to come clean on status of charges against former oil minister, others

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.

Sexagenarian pleads guilty to stealing student’s laptop, phone

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.
Oyo State Government is concluding arrangements to partner with Sterling Bank PLC., to float a Micro-Bus Empowerment Scheme.

Oyo partners Sterling Bank on micro-bus empowerment scheme

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 arrest suspected thief, after passing night inside bank’s restroom

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.

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Confirming this development in Awka, the State Commissioner for Public Utilities and Water Resources, Emeka Ezenwanne, said the affected workers were sacked in line with the Anambra State Water Law 2015, which repealed the law establishing the agency.

Anxiety as no fewer than 800 workers lose their jobs in Anambra

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.

Nigerian government to encourage more private/public partnership to boost domestic gas – minister

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.
Ahmed Musa

Super Eagles skipper announces birth of baby

Al-Nassr winger and Super Eagles captain Ahmed Musa has announced the birth of a baby boy to his family.
The Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, disclosed this in a statement on Friday in Abuja.

DHQ: Released ‘repentant’ Boko Haram fighters were forcefully recruited

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.

SSANU, NASU threaten to down tools over unresolved issues with federal government

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.