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Yields to Remain High for Money Market Investors in Nigeria

February 26, 2024
By Aduragbemi Omiyale Money market investors in Nigeria have been assured that despite the current economic challenges, yields will remain high this year. According to analysts at FBNQuest, this would be supported by the resolve of the Central Bank of Nigeria (CBN) to sustain tight monetary policy amid inflationary pressure and the foreign exchange (FX) liquidity crisis. The National Bureau
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Pension Funds

Pension Funds no Longer Diverted to Private Pockets—PenCom DG

February 26, 2024
By Aduragbemi Omiyale The Director-General of the National Pension Commission (PenCom), Ms Aisha Dahir-Umar, has assured workers and pensioners in the country that their funds are in safe hands, noting that they are not being diverted like in the past. Ms Dahir-Umar, while speaking recently at the 2024 congress of the Finance Correspondents Association of Nigeria (FICAN) in Abuja, stated
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Naira 4 Dollar

Dollar Crashes to N1,520/$1 at Parallel Market

February 26, 2024
By Dipo Olowookere The value of the Naira to the US Dollar significantly strengthened in the parallel market on Monday, trading at N1,520/$1 compared with the N1,700/$1 it was traded on Sunday. This development followed steps taken by the Central Bank of Nigeria (CBN) last week to stabilise the currency market and take control of the ecosystem. Recall that over
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crude oil prices

Supply Disruptions Jerk Crude Oil Prices

February 27, 2024
By Adedapo Adesanya Oil prices increased by more than $1 on Monday amid European diesel demand, constrained by Russian sanctions and shipping disruptions, with the Brent crude futures up by $1.41 or 1.73 per cent to $83.03 per barrel and the US West Texas Intermediate crude futures (WTI) up by $1.48 or 1.93 per cent to $77.97 per barrel. A
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sellers of Naira

Naira Strengthens on US Dollar Across FX Market Segments

February 27, 2024
By Adedapo Adesanya The Naira appreciated against the US Dollar in the different segments of the foreign exchange (FX) market on Monday, February 26 as respite came to the market after fresh supply eased the mounting pressure on the local currency. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the domestic currency appreciated against the greenback by 4.9 per cent
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Politics

EP88 online casino Malaysia

EP88 Online Casino Malaysia: Exploring EP88’s Exclusive Slot Game Features

May 12, 2024
In the realm of online casinos, EP88 stands out with its exclusive slot game offerings. These games are designed to provide players with an immersive and rewarding experience, featuring a range of exciting features such as wilds, scatters, and bonus rounds. In this article, we’ll take a closer look at these key elements and explore how they contribute to the
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Travel

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Police, DSS Tell INEC To Shift Edo Guber Poll

By Dipo Olowookere The Independent National Electoral Commission (INEC) has been advised to postpone the September 10, 2016 governorship election in Edo State. Citing security concerns as the main reason for the request, the Nigeria Police Force (NPF) and the Department of
September 7, 2016

Kwara LG Workers Protest Over Unpaid Salary Arrears

By Dipo Olowookere Some workers of Irepodun and Oke-Ero Local Government Areas of Kwara State on Tuesday staged a peaceful protest over seven months unpaid salary arrears. Protesters at Irepodun area demonstrated at the council Secretariat, Omu-Aran at about 9:30am with placards
September 7, 2016

Jonathan Attends First Council Of State Meeting

By Modupe Gbadeyanka Immediate past President Goodluck Jonathan, on Wednesday, attended the Council of State meeting held at the Presidential Villa, Abuja. The meeting was presided over by President Muhammadu Buhari. It was the first of such meeting for Mr Jonathan since
September 7, 2016

Ebonyi Governor Reshuffles Cabinet

By Dipo Olowookere Governor David Umahi of Ebonyi State has reshuffled his cabinet as well as sacking the Local Government Council Caretaker Chairmen he appointed a year ago. In a statement signed by the Commissioner for Information, Mr Emmanuel Onwe, it was
September 7, 2016

Okowa Mourns Ibru

By Dipo Olowookere Delta State Governor, Mr Ifeanyi Okowa, has expressed sadness and immense feeling of great national loss over the death of Olorogun Michael Christopher Ibru, patriarch of Ibru dynasty and Nigeria’s foremost entrepreneur on Tuesday at the age of 86.
September 7, 2016

Lagos Assembly Approves N500bn Bond

Modupe Gbadeyanka Lagos State House of Assembly at its Plenary on Tuesday approved the issuance of 2016-2019 N500 Billion Programme 3 bonds for the State. Commissioner for Finance in the state, Mr Mustapha Akinkunmi, explained that the bond is the cheapest source
September 7, 2016

Boko Haram: Zenith Bank Gives Scholarship To 50 Orphans

By Dipo Olowookere Not fewer than 50 children orphaned by Boko Haram activities in Borno State have received scholarships to pursue their education. The gesture was made by Zenith Bank Plc to celebrate the 50th birthday of Governor Kashim Shettima of Borno
September 7, 2016

Tiotropium Respimat Improves Lung Function In Asthmatic Children

By Modupe Gbadeyanka Boehringer Ingelheim announced today new study results from the Phase III CanoTinA-asthma® trial showing that the addition of Tiotropium Respimat® to the maintenance asthma therapy significantly improved lung function, as measured by FEV1(0-3h), in children aged 6-11, compared to
September 7, 2016

Ortom Seeks End To Multiple Taxation

By Dipo Olowookere Governor Samuel Ortom of Benue State has urged the Joint Taskforce Committee on revenue to ensure a total elimination of multiple taxation in the state. Mr Ortom, who said this on Tuesday during the inauguration of the committee in
September 7, 2016

CBN Hosts FICAN Bi-Monthly Forum On e-Payment

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) will be hosting the September edition of the Finance Correspondents Association of Nigeria (FICAN) Bi-Monthly Forum in Lagos. The event, with the theme ‘Development in the Electronic Payment Industry in 2016’ will hold
September 7, 2016
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