Following the prevailing cases of security challenges bedeviling the country, especially kidnapping for ransom, by some criminal elements, Nigerians have been advised to always be security conscious as personal security is the most important security thing, against unforeseen circumstances, as   no one can police the citizenry better than themselves. Giving the advice at the weekend was the outgoing Police Public Relations Officer, Niger State Command, …

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Investors on the Nigerian Stock Exchange exchanged 8.66 billion shares valued at N97. 08 billion transacted in 89,911 in July, the News Agency of Nigeria reports. A monthly data obtained by NAN from the NSE showed that the turnover increased by 12.32 per cent when compared with 7.71 billion shares worth N77. 92 billion traded in 100,895 in June. The Financial Services sector was the …

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The Federal Government on Monday announced the lifting of the administrative suspension Pioneer Status Incentives, following the conclusion of critical reforms to the incentive regime. It also announced a release of new guidelines for PSI applications as well as a revamped list of pioneer industries and products The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelama, announced the decision …

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People around the world are set to witness a rare astronomical phenomenon known as the “Blood Moon” on Monday night. During this occurrence, the moon is seen caped with a reddish overtone for a period of days, hence the name Blood Moon. The moon’s optimum visibility will be at 02:12 am in parts of the United States. It is also …

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A Federal High Court, sitting in Lagos, has ordered that a $37.5 million mansion on Banana Island, in the state, linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, be permanently forfeited to the Federal Government. The court also ordered that the sums of $2,740,197.96 and N84,537,840.70 realised as rents on the property should equally be forfeited to …

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The Central Bank of Nigeria (CBN) has assured that Financial Technology (FinTech) companies will not take over the roles played by commercial banks in delivering services customers. Speaking at the Bi-Monthly Forum of the Financial Correspondents Association of Nigeria (FICAN) in Lagos at the weekend, CBN Director, Banking and Payments System Department , ‘Dipo Fatokun said the demand for the …

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The Central Bank of Nigeria (CBN) has described e-fraud as the biggest challenge facing the electronic payment sector and needs to be collectively tackled by customers, banks and financial sector regulators. CBN Director, Banking & Payments System Department, ‘Dipo Fatokun who disclosed this at the weekend in Lagos, said fraud not only leads to loss of funds, but reduces confidence …

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Forte Oil Plc has assured the investing public of increase in Return on Investment (ROI, just as it said that it will continue to maintain its policy on consistent dividend payment. The company said it is determined to further enhance and improve its operating margins, diversify revenue base, as well as pursue focused mergers and acquisitions, and also leverage on …

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Nigeria and the Republic of Indonesia are to deepen bilateral relations especially in the areas of sharing information on National planning and development as well as trade and investment. This indication was given when the Minister of Budget and National Planning, Senator Udoma Udo Udoma received the Indonesian Ambassador to Nigeria, His Excellency Ambassador Harry Purwanto, in his office in …

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Photo Caption: From Left: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Oscar Onyema, Chief Executive Officer, NSE; Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc and Julius Omodayo-Owotuga, Group Chief Finance Officer, Forte Oil Plc at the Facts Behind the Figures presentation at the Exchange on Friday in Lagos. Advertisement

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