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ACFTA: We need clear tariffs directives – Customs

The Nigeria Customs Service (NCS) has said that it needed clear directives on tariffs on goods covered by the African Continental Free Trade Agreement (ACFTA).
FILE PHOTO: Traders from BGC Partners, a global brokerage company in London's Canary Wharf financial centre wait for European stock markets to open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum. REUTERS/Russell Boyce

Global stocks waver as coronavirus fears trump recovery hopes

Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
FILE PHOTO - Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS-Jessica Lutz-File Photo

Oil falls on coronavirus fears, strong dollar

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy.
Governor Okezie Ikpeazu of Abia State has approved the deployment of modern technology in the security system to fight crimes in the State.

Street trading: Abia sets up mobile court, gives traders one week ultimatum

This is even as government has given street traders at Obikabia and Opobo junctions in the Ogbor Hill area of the commercial city seven days to vacate the streets and move into approved markets in the city.

NNPC records $120.49 million crude oil receipt in September 2020

The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020.
Governor Willie Obiano

Anambra private school proprietors reject extension of resumption date

The Anambra State chapter of the United Independent Proprietors of Private Schools Association of Nigeria complained that such plans by the state government would not only cripple the educations sector in the state but has already exposed school children to unimaginable dangers.
FILE PHOTO - Barclays chief executive Antony Jenkins poses for the media in London February 12, 2013. REUTERS-Luke MacGregor

Bank of England candidate feels heat from bitcoin’s red-hot rally

A candidate for the Bank of England’s supervisory arm for banks defended on Wednesday his senior role on a bitcoin trading platform, saying it took safeguards against money-laundering very seriously.
FILE PHOTO - The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS-Toby Melville-File Photo

London Stock Exchange gets EU nod for $27 billion takeover of Refinitiv

EU antitrust regulators gave the green light on Wednesday to the London Stock Exchange’s $27 billion takeover of Refinitiv, creating a stronger competitor to financial data leader Bloomberg LP.
Nigeria’s biggest company by market capitalisation, Dangote Cement, has announced the completion of the first tranche of its share buyback programme.

Dangote Cement pays investors N9.7bn in first share buyback programme

Dangote Cement, Nigeria’s biggest company by market capitalisation, has announced the completion of the first tranche of its share buyback programme.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.08 percent growth

Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill.
No fewer than 100 shops were razed in a fire incident at one of Abuja’s largest furniture markets situated in Kugbo.

Fire razes over 100 shops in Abuja furniture market

Although no life was lost, the fire incident, which victims confirmed to this newsmen as the fourth in 11 years, started early Sunday morning. It destroyed furniture items, materials and machines estimated at millions of naira.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

2021: Banks to walk a tightrope amid low revenue environment

Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Rivers State Governor Nyesom Wike

Rivers taskforce sacks 11 operatives for ‘collecting bribes’

Eleven operatives of the newly formed Rivers Taskforce on Illegal Trading and Motor Parks were sacked on Thursday for collecting bribes from members of the public around Choba area in Obio-Akpor local Government area of the State.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE suspends Thomas Wyatt Nigeria

The rule provides that “if an issuer fails to file the relevant accounts by the expiration of the cure period, the exchange will: send to the issuer a ‘second filing deficiency notification’ within two business days after the end of the cure period; suspend trading in the issuer’s securities; and notify the Securities and Exchange Commission (SEC) and the market within 24 hours of the suspension”.
Nigerian National Petroleum Corporation (NNPC)

NNPC seeks $1 billion funding to revive PHC refinery

The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State.
Miriam Onuoha, member of the House of Representatives from Okigwe North federal constituency, has proposed a bill to legalize the cultivation and trading of cannabis for medical use and also to be a source of revenue generation for the country.

Nigerian legislator propose bill to legalise cultivating, trading of cannabis

Miriam Onuoha, member of the House of Representatives from Okigwe North federal constituency has proposed a bill to legalize the cultivation and trading of cannabis for medical use and also to be a source of revenue generation for the country.
Economic and Financial Crimes Commission - EFCC.

EFCC warns Nigerians not to sell their NIN

“As Nigerians struggle to acquire the National Identity Number, NIN, from offices of the National Identity Management Commission, NIMC, across the country it has come to the knowledge of the Economic and Financial Crimes Commission, EFCC, that some unscrupulous persons are cashing in on the exercise to induce enrollees to sell their NIN for a fee. The buyers of the numbers are also trading with them to persons whose motives are anything but noble,” the statement reads.
FILE PHOTO - The U.S. Capitol dome is seen at night in Washington, U.S., December 17, 2020. REUTERS-Erin Scott-File Photo

US Democrat Senate wins push stocks higher despite Capitol chaos

Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say.

Recent Stories

Nigerian government restates commitment to supporting MSMEs

Federal Government has pledged it’s commitment to supporting Micro, Small and Medium Enterprises (MSMEs) in order to create more job opportunities for the nation’s teeming youths.

Court grants order to paste hearing notice in ex-Speaker Dogara’s office

The Federal High Court sitting, Abuja, on Tuesday, granted an ex-parte order to paste hearing notices on former speaker of the House of Representatives, Yakubu Dogara, in his office.
Lagos State Head of Service, Mr. Hakeem Muri-Okunola, has announced the reopening of the State Secretariat, Alausa as well as other government establishments.

Lagos opens wellness centre for employees

He added that the initiative was part of an effort to promote a comprehensive health system and ensured civil servants attained better mental health which underscores the high premium the present administration places on the wellbeing of its workforce in line with its THEMES Agenda, particularly at this present time when everyone was grappling with a global health crisis of Covid-19 Pandemic.

Ondo election: INEC opens defence at tribunal

The Ondo State Election Petition Tribunal on Tuesday resumed sitting with an official of the Independent National Electoral Commission (INEC), Tope Aina, disagreeing with the petitioner that votes scored by Governor Rotimi Akeredolu were wrongly credited.
There is significant breaking Real Madrid news on Tuesday with Marca reporting that Martin Odegaard has asked to leave the club this month.

Martin Odegaard has asked to leave Real Madrid

There is significant breaking Real Madrid news on Tuesday with Marca reporting that Martin Odegaard has asked to leave the club this month.