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Zenith Bank

Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.

World Remit aligns with CBN on new dollar account opening

Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE moves 307.79 million shares valued N2.91 billion in bearish trend

The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains

Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE closes week in red, down by 1.40%

The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping by 1.40 per cent due to Dangote Cement price drop.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE’s capitalisation drops further by N112bn on profit taking

The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.

AGPC secures $260 million financing for $650 million gas processing facility

ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking: NSE market indices drop further by 0.10 percent

Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
Governor Abdulaziz Yari of Zamfara State

Former Zamfara governor quizzed by EFCC

A former governor of Zamfara State, Abdulaziz Yari, was quizzed for several hours on Tuesday by operatives of the Economic and Financial Crimes Commission (EFCC).

NSE: Zenith Bank tops value-traded stocks as investors gain N1.1 trillion YTD

Activity chart of the Nigerian Stock Exchange (NSE) for the last trading session of the month, Friday January 29, showed Zenith Bank atop Most-Traded stocks with a total value of N1.2 trillion and transaction volume of 44,956,083 shares.
Muazu, who appeared as the seventh prosecution would, PW-7, in the ongoing trial of erstwhile Minister of Special Duties and Inter-Governmental Affairs, Taminu Turaki, SAN, said the contractors were mandated to remit part of profits they made from contracts they secured from the Ministry, to assist the lawmakers in their political campaign in 2015.

EFCC: How N75 million was recovered from ex-minister’s wife

The Economic and Financial Crimes Commission (EFCC)’s investigator, Bello Hamma-Adama, on Wednesday, revealed how N75 million was recovered from Halima Tanimu Turaki, wife of a former minister in the President Goodluck Jonathan-led government.
Governor Abdulaziz Yari of Zamfara State

Court orders final forfeiture of ex-Zamfara governor’s money in Zenith, Polaris banks

The Federal High Court, Abuja, on Tuesday, ordered the final forfeiture of former Governor of Zamfara, Abdulaziz Yari’s funds domiciled in Zenith and Polaris Banks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE extends gain, index rises further by 0.11 percent

Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
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.
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.

Abuja DisCo: Mararaba, environs to experience power interruption

The Abuja Electricity Distribution Company (AEDC) says customers in parts of Mararaba in Nasarawa State and environs will experience power interruption between Jan. 3, and Jan. 6.
The Governor of Delta State, Ifeanyi Okowa, has congratulated the Secretary to the State Government (SSG), Mr Chiedu Ebie, on his 50th birth anniversary.

Delta governor congratulates his SSG at 50

The Governor of Delta State, Ifeanyi Okowa, has congratulated the Secretary to the State Government (SSG), Mr Chiedu Ebie, on his 50th birth anniversary.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria stock market advances by N214 billion

Nigeria extended bullish posture on Wednesday with the market capitalisation increasing further by N214 billion on sustained bargain hunting of blue chips.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria’s stock market closes for Christmas with N2 billion loss

Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money ahead of the Christmas and New Year festivities.

Banks overwhelmed as Port Harcourt residents troop out for yuletide withdrawals

Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money ahead of the Christmas and New Year festivities.
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.

N50 stamp duty by banks illegal – Lagos lawyer

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

Nigerian equity market drops by 2.5% this week

After enjoying bullish trend last week, the Nigerian equity market declined 2.5% this week, thanks to losses by Dangote Cement, WAPCO, and Zenith Bank.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking persist on NSE, market capitalisation loses N232 billion

Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.

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The 27 students of Government Science College, Kagara, Niger State and 15 others have not been released by their abductors.

Kagara schoolboys, staff’s abductors threaten to starve victims to death

Apprehension over the fate of 42 students and staff of Government Science College, Kagara in Niger State has continued to rise. Hopes of an early release of the victims dim as the abductors have continued to talk tough and threatened to starve them to death if ransome is not paid on time.

MSF mobile clinics provides healthcare services in Borno despite insecurity

Médecins Sans Frontieres MSF teams are providing healthcare services to residents living in the remote areas of Borno State in spite of the insecurity in the region.
American news outlet Politico said Tuesday that U.S. President Joe Biden was reviewing records of calls between immediate past president, Donald Trump, and Russian President Vladimir Putin.

Joe Biden revokes Donald Trump’s visa suspension for temporary foreign workers

President Joe Biden has revoked former President Donald Trump’s order that limited the number of new work visas for temporary foreign workers in the United States amid the coronavirus pandemic.
Manchester United are challenging Liverpool for Leeds United winger Raphinha.

Manchester United threaten Liverpool plans for Leeds dazzler Raphinha

Manchester United are challenging Liverpool for Leeds United winger Raphinha.
Lekoil

OPL 310: Optimum’s default clause termination letter invalid – Lekoil

An oil and gas E&P company with a focus on Nigeria and West Africa, Lekoil, yesterday maintained that a letter written by Optimum Petroleum Development Company, operator of the Oil Prospecting Licence (OPL) 310, proposing to terminate the Cost and Revenue Sharing Agreement (CRSA) executed for the facility, remains invalid.

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President Nana Akufo-Addo said there would be restrictions on movement of persons in the Greater Accra Metropolitan Area and the Greater Kumasi Metropolitan Area and contiguous districts for a period of two weeks.

Ghana’s Catholic Church asks president to close down LGBTQI office in Accra

The Catholic Church has asked President Nana Addo Dankwa Akufo-Addo to immediately shut down the Lesbian, Gay, Bisexuals, Transgender and Queer Individuals (LGBTQI) office in Accra.
Director General of NCDC, Dr Chikwe Ihekweazu addressing the press at the presentation of 15,000 COVID-19 test kits to NCDC by UNICEF in Abuja on Tuesday, Sept 29, 2020. [Twitter-@NCDCgov]

Nigeria records 521 new coronavirus cases

Worst still, health experts say the official numbers do not give a “full picture” of the outbreak in the country. They say low testing in many states across the country means infections have been under-reported, a situation considered the biggest challenge in the nation’s management of the outbreak.
Babagana Umara Zulum

Borno government seals off three banks

Borno state government has sealed three national banks for not updating their property records in different locations in Maiduguri metropolis.
Anthony Sani

Restructuring: We must tread carefully – Anthony Sani

But Sani, in an newsmen with newsmen said the divergent views on the insecurity currently coming from state governors are signs of what is to come if the country is restructured but insisted that such must not make Nigerians feel they are living in different countries.
Nigeria Export Processing Zones Authority (NEPZA)

Nigerian government announces additional economic zones for agric, textile

The federal government has approved the expansion of the existing Free Trade Zones (FTZs), as well as the activation of existing ones to respond to the demands of the African Continental Free Trade Area Agreement (AfCFTA) and the COVID-19 pandemic.