News

From left; Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Tosin Runsewe, Chief Client Officer, AXA Mansard Plc; Wilm Langenbach, Chief Executive Officer AXA EMEALATAM; Sola Adeeyo, Chairman AXA Mansard Plc Board of Directors and Yetunde Ilori, Chief Executive Officer AXA Mansard Plc at the Closing Gong Ceremony at the Exchange on Monday.

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folake sokoya Chukwu – Emeka Egbemude, one of the four suspects arrested by the operatives of Rapid Response Squad of the Lagos State Police Command for tricking expensive phone sellers to desolate locations and robbing them afterward, has disclosed that his father warned him not to use his house as a base for internet crime. Egbemude, 22, a 200 level …

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Bismarck Rewane, chief executive officer (CEO) of Financial Derivatives, says the Central Bank of Nigeria (CBN)  can intervene in the foreign exchange market, but must resist price fixing. He said the bank should also allow the naira depreciate to “maybe 340, maybe 350″ to reflect a real effective exchange rate. Speaking to Channels Television on Monday, Rewane said the CBN …

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Godwin Ugar, an environmental scientist has warned that people should desist from eating goat meat roasted with tyres because the carcinogenic components it contains is capable of causing cancer. Ugar who also doubles as the Programme Manager, Natural Resource Management and Policy, CUSO International gave the warning at the weekend in Calabar during a workshop for stakeholders on youth empowerment. …

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The Chief Executive, Stanbic IBTC Pension Managers Limited, Eric Fajemisin, said employers remain the pivot, upon which the sustainability of the pension scheme rests, and as such, it is imperative to engage them on their key roles and they impact the scheme. Speaking at its first 2017 edition of Employers’ Forum in Edo State, Fajemisin noted that, ‘employers must show …

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Contrary to stakeholders and investors expectations, that Diamond Bank will be among the earliest banks to make their account books public in the year, the bank’s management has sought for an extension of time for their results to be submitted to the Nigerian Stock Exchange NSE for verification. Banks in the domestic economy has December 31st as their financial year …

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If the federal and state governments continue to rely heavily on debt instruments for the financing of the country’s infrastructure needs, then, Nigeria’s total debt burden will be hitting the N19tn mark by the end of this year. Based on figures obtained from the Ministry of Budget and National Planning, the country’s total debt stock is expected to rise by …

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The FMDQ OTC Securities Exchange recorded N22. 99tn worth of transactions in fixed income and currency markets in the first two months of 2017. Market Turnover Report from the company on Monday indicated that the value was against N13.92tn recorded in the corresponding period in 2016. A breakdown of the new report showed that transactions in Treasury Bills (TBs) contributed …

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Olabode Adaramola 3 school management staff in trouble over starving students in Niger Three management staff of Government Secondary School, Mokwa Local Government,  Niger state,  has been summoned to the  state governor’s office for under feeding students of the school and causing them to starve unnecessarily. Governor Sani Bello while in an unscheduled visit to the school dining hall expressed …

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MultiChoice on Sunday announced that it would effect a price adjustment of five per cent on all its DStv and GOtv packages from May 1, 2017. As a result, subscribers on the DStv premium bouquet will pay N14,700 as against N13,980 currently being charged. While GOtv Plus subscribers will have to pay N1,900 instead of the current rate of N1,800. …

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