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Business

DLM Asset Management Financial Stability

Experts to Discuss Financial Stability in Economic Distress at DLM Webinar

March 18, 2024
By Modupe Gbadeyanka Industry experts have been pencilled down to educate members of the public and others on ways to achieve financial stability during economic distress at a webinar organised by DLM Asset Management Limited. This event is slated for Thursday, March 28, 2024, at 11 am, a statement from the subsidiary of DLM Capital Group stated. The theme of
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NCDMB

UTM Seeks NCDMB’s Equity Investment in First FLNG Project

March 18, 2024
By Adedapo Adesanya UTM Offshore Limited, which is building Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility, has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. It wants the NCDMB to follow in the footsteps of the Nigerian National Petroleum Company (NNPC)
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Binance

Court Orders Binance to Give EFCC Access to Nigerians’ Trading Data

March 18, 2024
By Adedapo Adesanya A Federal High Court in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission (EFCC) with the comprehensive data or information of all persons from Nigeria trading on its platform. Justice Emeka Nwite granted the interim order after ruling on the ex-parte motion moved by the EFCC’s lawyer, Mr Ekele Iheanacho, on
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Customs Street Nigerian Stock Exchange

Profit-Taking Depletes Nigerian Exchange by 0.40%

March 18, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few trading sessions, especially in MTN
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Yemi Cardoso acting CBN Godwin Emefiele Resigns

Cardoso Begins CBN Clean-up, Removes Directors Close to Emefiele

March 18, 2024
By Aduragbemi Omiyale There are strong indications that some directors at the Central Bank of Nigeria (CBN) may have to lose their jobs in the in-house clean-up exercise by the Governor, Mr Yemi Cardoso. Reports suggest that Mr Cardoso wants to let go of some directors who worked closely with Mr Godwin Emefiele, who President Bola Tinubu believes worked to
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Politics

Domestic Gas Supply

Tinubu Predicts 25% Improvement in Gas Supply in Coming Weeks

May 16, 2024
By Adedapo Adesanya  President Bola Tinubu has said Nigeria’s gas supply will grow by 25 per cent in the coming weeks, in line with the renewed hope agenda of the federal government, to utilise Nigeria’s abundant gas resources towards revamping the nation’s industrial growth, and kickstarting its economic prosperity. President Bola Tinubu disclosed this on Wednesday while commissioning three critical
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Travel

Latest

World Energy Forum Holds October

More than 2,000 world leaders, corporate executives and trade delegates are expected to attend the World Energy Forum 2016 in New York City from October 19-22, 2016. Heads of state, government ministers and ambassadors from more than 150 countries will join corporate
August 24, 2016

No Going Back On Diversification Of Economy—Buhari Tells US

***Vows To Institutionalize Anti-Corruption War The United States of America (USA) has been assured by President Muhammadu Buhari to deepen and institutionalized the anti-corruption crusade in the country. This, according to the President, will make the crusade last beyond the life of
August 24, 2016

Japan Puts $9.7m Into Nigeria’s Solar Power Project

The sum of $9.7 million has been donated by the Japanese Government, through its agency, Japan International Cooperation Agency, to boost electricity in Nigeria. The donation was disclosed on Tuesday by the Ambassador of Japan to Nigeria, Mr Sadanobu Kusaoke, in Abuja.
August 24, 2016

Army Arrests Killers Of Soldiers In Bayelsa

By Modupe Gbadeyanka Three militants suspected to have been involved in the killing of four soldiers two weeks ago in Bayelsa State have been arrested. The suspects were paraded before newsmen on Tuesday by the Nigerian Army. Also on display was a
August 24, 2016

CBN Orders Banks To Give 60% FX To Manufacturers

By Dipo Olowookere Banks in Nigeria have been directed by the Central Bank of Nigeria (CBN) to allocate 60 percent of their foreign exchange purchases to manufacturers. According to the CBN, this move is to boost the manufacturers’ ability to pay for
August 24, 2016

Police Officer’s Son Docked For Stealing In Edo

By Dipo Olowookere A 19-year-old boy has been arraigned by the police in Edo State for an alleged intent to commit felony in a part of the state. The accused, Isaiah Tanko, was brought before Chief Magistrate, Mrs Esohen Ighodan of the
August 24, 2016

Int’l Cargo Flight Lands In Enugu

By Modupe Gbadeyanka The first international cargo flight landed at the Akanu Ibiam Airport Enugu State on Tuesday amidst funfair. During the historic event, Governor Ifeanyi Ugwuanyi, who was on ground to witness it, expressed his joy over the development. In his
August 24, 2016

Gunmen Kidnap Kaduna Lawmaker, Demand N70m

By Dipo Olowookere A member of the Kaduna State House of Assembly, Ibrahim Ismail, has been abducted by some unknown gunmen in the state. Mr Ismail was seized at gunpoint on Tuesday morning at his residence in Abapka in the Kaduna metropolis.
August 23, 2016

Police Seal Kwankwaso’s House

By Modupe Gbadeyanka The residence of former Governor of Kano State, Rabiu Kwankwaso, has been condoned off by the police. It was learnt that Kwankwaso’s house was sealed following an intelligent report that there was plan to conduct a mass wedding there.
August 23, 2016

CBN Bars First Bank, UBA, FCMB, Others From FX Market

By Dipo Olowookere Nine commercial banks operating in Nigeria were on Tuesday suspended by the Central Bank of Nigeria (CBN) from the interbank foreign exchange market. The CBN wielded its big stick on the nine banks because they failed to remit $2.1billion
August 23, 2016
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