The monetary policy committee of the Central Bank of Nigeria (CBN) has directed that a regulatory framework that will limit the access of banks to bonds and treasury bills be put in place. Godwin Emefiele, CBN governor, made this known in Abuja on Tuesday while addressing the press at the end of the committee’s meeting.[...]
Read More
EE, the operator of the U.K.’s largest cell phone network, said Wednesday that it wouldn’t offer 5G smartphones from Huawei. The company, which is owned by telecommunications giant BT, will put the launch of Huawei’s 5G devices on pause as the U.S. places renewed political pressure on the Chinese telecommunications giant. “Until we get the information and confidence that gives[...]
Read More
British Steel has today collapsed after the Business Secretary said it would illegal to pump cash into the firm in what is thought to be a reference to EU rules. Up to 4,000 jobs in Scunthorpe, North Lincolnshire, 800 in Teesside and 20,000 in the UK supply chain are now at risk. The Government refused to[...]
Read More
Following a negotiated reduction of the N1.04 trillion fine on MTN Nigeria to N330 billion and in line with the staggered payment arrangement, MTN has, so far, paid N275 billion to the Federal Government.Part of the fallout of the negotiated terms of payment of the fine is the listing of MTN on the Nigerian Stock[...]
Read More
The Nigerian National Petroleum Corporation (NNPC) yesterday told the National Assembly that it remitted N1.26tr as against the N1.22tr projected in the 2018 budget to the Federation Account in 2018.It said the corporation also recorded N41b surplus in meeting its financial obligations to the Federation Account. Managing Director of NNPC Capital, Godwin Okonkwo, who[...]
Read More
Adamu Adamu, minister of education, says the federal government has approved an additional N25 billion allowance for members of the Academic Staff Union of Universities (ASUU). Speaking at a valedictory press conference in Abuja on Tuesday, Adamu said the newly approved fund is different from the N20 billion earlier released in 2018. He assured that[...]
Read More
President Muhammadu Buhari is currently presiding over valedictory federal executive council (FEC) meeting of his first term in office. After the national anthem, the Muslim opening prayer was said by Sulieman Hassan, minister of environment, while the Christian prayer was said by Usani Usani, Niger Delta minister. Usani thanked God for giving members of[...]
Read More
French President Emmanuel Macron has invited President Muhammadu Buhari to the Africa-France Summit scheduled for June 2020 in Bordeaux, France. Secretary General, Africa-France Summit, Stephanie Rivoal, said this when she visited the Minister of Foreign Affairs, Geoffrey Onyeama, on Tuesday, May 21, in Abuja. She said the summit with the theme “Sustainable Cities” was aimed[...]
Read More
The Central Bank of Nigeria (CBN) has kept all its monetary policy tools steady, including the benchmark interest rate at 13.5 per cent after a surprise 0.5 per cent point cut two months ago. It also retained all the other parameters around the Monetary Policy Rate (MPR) namely the asymmetric corridor of +200/-500 basis points[...]
Read More
The Nigerian National Petroleum Corporation (NNPC) yesterday told the National Assembly that it remitted N1.26tr as against the N1.22tr projected in the 2018 budget to the Federation Account in 2018.It said the corporation also recorded N41b surplus in meeting its financial obligations to the Federation Account. Managing Director of NNPC Capital, Godwin Okonkwo, who represented[...]
Read More
At a world press conference in Abuja yesterday, Minister of Information, Lai Mohammed shared the details of the May 29th presidential inauguration and the first observance of June 12th as the nation's Democracy Day. As you would recall, I said, at a press conference at the State House on Monday, May 13th 2019, that the inauguration of[...]
Read More
The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms This warning comes as cryptoassests (crypto) and forex investment scams reports more than tripled last year to over 1,800. Fraudsters promise high returns from investments in crypto and forex, with[...]
Read More
Across HBO, HBO Go, and HBO NOW, the conclusion of the megahit fantasy series drew 19.3 million viewers, overtaking the previous series high of 18.4 million viewers that was set on May 12. In addition, 13.6 million people watched the telecast on HBO alone, breaking the record for the biggest single telecast in HBO history.[...]
Read More
6,800 investors holding $27bn will be included in the initial batch of people being granted new residency status in the UAE. A gold card will be issued to investors and entrepreneurs granted permanent residency in the UAE, it was revealed on Tuesday. In a tweet, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai,[...]
Read More
A video of President Muhammadu Buhari running while performing the Lesser Hajj in Makkah has triggered a lot of reactions online, as it belies the vile propaganda about his health. The video shot by NTA and shared by many Twitterati shows the president and his entourage break into some sprinting while performing one of the[...]
Read More
Former Formula One driver and three-time world champion Niki Lauda has died at the age of 70, his family has said. The Austrian died overnight on Monday, eight months after receiving a lung transplant. Lauda, who won titles in 1975, 1977 and 1984, was hugely admired, respected and liked within F1 after a remarkable[...]
Read More
The official count from last month's Indonesian presidential election shows President Joko Widodo won 55.5% of the vote, the Election Commission said Tuesday, securing him a second term. The formal result from the April 17 election was almost the same as the preliminary "quick count" results drawn from a sample of polling stations on election[...]
Read More SHAREHOLDER VALUE IN NAIRA PERCENTAGE HOLD MTN International Limited 1.68 trillion 76.08 Stanbic IBTC Asset Management Limited 213.7 billion 9.64 Mobile Telephone Network 60.95 billion 2.75 Government Employees Pension Fund 38.69 billion 1.75 Victor Odili 87.87 billion 3.96 Pascal Dozie 37.07 billion 1.67 Sani Mohammed Bello 28.87 billion 1.30 Babatunde Folawiyo 23.83 billion 1.08 Gbenga[...]
Read More