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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 Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals.
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 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.
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.
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.
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.
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.
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.
Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
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.
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.
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.
Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion.
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.
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.
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.
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.
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.
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.
Borno state government has sealed three national banks for not updating their property records in different locations in Maiduguri metropolis.
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.
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.