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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.
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 Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a loss of N162 billion in a day.
Nigerian equities market resumed trading on Monday with a loss of 0.91 per cent as a result of profit taking in some blue chips.
Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement.
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 Akwa Ibom Deputy Governor Mr Moses Ekpo, warned online scammers against using his name for a fake COVID-19 empowerment scheme intended to defraud members of the public.
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.
At least 37 donors from the private sector have donated over N15 billion to the Private Sector Coalition Against COVID-19 (CACOVID) account domiciled at the Central Bank of Nigeria (CBN).
The Economic and Financial Crimes Commission (EFCC) has arraigned the ex-Accountant General of the Bauchi State government, Yusuf Ibrahim Gokaru and the State Director of Finance, Ibrahim Muhammed Lele.
Houses and a company linked to a chieftain of the Peoples Democratic Party (PDP), Alhaji Buba Galadima, were on Tuesday seized by the Asset Management Corporation of Nigeria (AMCON) over an alleged N900 million debt.
The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday depreciated further by N9 billion, amid profit taking.
Transactions on the Nigerian Stock Exchange (NSE) maintained a downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent.
The Nigerian Security and Civil Defence Corps has arrested Ambrose Okogwa, 55, and Fidelis Imafido, 65, for allegedly selling the 2020 Unified Tertiary Matriculation Examinations registration form above the prescribed fees.
The National Industrial Court of Nigeria (NICN) has been asked to commence committal proceedings against the Managing Director/Chief Executive Officer (CEO) of Unity Bank Plc, Mrs. Oluwatomi Somefun, and commit her to prison for allegedly flouting orders made by the court.
The Nigerian Stock Exchange opened the last trading week for 2019 on Monday with a growth of 0.73 per cent following investors’ interest in heavyweight stocks.
The Police Command in Anambra has confirmed the rescue of a six-month-old baby from the wreckage of a storey building which collapsed at Obosi near Onitsha on Sunday.
Former President of the Senate, Senator David Mark, has described the re-election of Godwin Obaseki of Edo State as a triumph of people’s will.
Dangote Cement Plc, says it has committed over N4 billion into various Corporate Social Responsibility (CSR) projects in its 14 host communities in Yewa land in Ogun.
Prof. Isaac Adeyemi, the former Vice Chancellor, Bells University of Technology, Ogun, has charged Nigerian youths to harnessy their knowledge via the internet to be drivers of innovation and creativity for a better Nigeria.
Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), has congratulated Nigerian-born scientist, Ernest Ezeajughi, who was elected to serve a second term as the Mayor of Brent.
A Former Deputy Governor of Central Bank of Nigeria (CBN), Dr Obadiah Mailafia, on Monday for the third time honoured the invitation from the Department of State Security (DSS).
Brazil’s former president, Luiz Inacio Lula da Silva, faces a new charge of money laundering as part of investigations into the largest corruption scandal in Latin America.
Rivers State Governor, Nyesom Wike, has commended the Independent National Electoral Commission (INEC) and the police over their conduct during the just concluded Edo governorship election.
The prices of livestock in Benin have increased due to the governorship election holding on Saturday in Edo.
Osun State Governor Adegboyega Oyetola has said that his administration will leave nothing to chance in its determination to stimulate the economy of the State through a robust and mutually-benefitting Public-Private-Partnership (PPP) as part of efforts to place the State on the path of socio-economic growth, development and sustainability.