Politics

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has  called on Officers and Men of the Fire Service Department to rededicate themselves to the vision, mission and core values of the Authority by displaying professional ability and high sense of responsibility in the discharge of their duties. Bala Usman made the call while addressing graduands of Squad …

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By: Ariwera Ibibo-Howells The Speaker of the Bayelsa State House of Assembly and People Democratic Party (PDP) candidate for Southern Ijaw Federal constituency for the 2019 election, Rt.Hon Konbowei Benson on Monday hosted the cream de la cream of the Christendom in the state. Speaking at the event tagged “special Dinner” guest speaker and General Overseer, Royal House of Grace …

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…Offer Opens Today Skyway Aviation Handling Company Plc (SAHCO), yesterday explained its Initial Public Offer of 406.07million ordinary shares of 50 kobo each at N4.65 to stakeholders on the floor of the Nigerian Stock Exchange. The offered shares is expected to raise the company’s capitalization to N6.29 billion. The IPO which sales commences today (December 12) is to close on …

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One of the leading global rating agencies, Moody’s Investors Service, has said Nigeria’s credit profile, at ‘B2 stable’ is constrained by the country’s continued exposure to shocks because of government’s inability to expand non-oil revenue base sufficiently. The New York-based agency stated this in its annual credit analysis on Nigeria titled, ‘Government of Nigeria: B2 stable, Annual Credit Analysis,’ released …

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The Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market. In the sales conducted on Monday, December 10, 2018 and consummated on Tuesday, December 11, 2018, the Bank offered $100 million to authorized dealers in the wholesale …

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The Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board. This was made known in a statement issued by Mohammed Kudu Ibrahim, head, Communications And Public Affairs, NDIC. “The NDIC joins the Central Bank of Nigeria (CBN) as …

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One of the International Monetary Fund’s top officials warned on Tuesday that “storm clouds” were gathering over the global economy. IMF First Deputy Managing Director, David Lipton, said that governments and central banks might not be well equipped to cope. Lipton said that the fund had been urging governments to “fix the roof” during a sunny last two years for …

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In line with its commitment towards boosting savings culture and promoting financial inclusion in Nigeria, leading retail lender, Diamond Bank has rewarded 1,016 customers in its 3rd DiamondXtra quarterly draw. The draw which held over the weekend at its Mobolaji Bank-Anthony branch in Lagos, attracted some of the bank customers, journalists, and staff of the bank and some past winners …

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The Central Bank of Nigeria (CBN) is to sanction Banks, their customers, firms that abuse its policy restricting foreign exchange (forex) allocation to 41 items. According to the CBN, culprits are to be investigated by the Economic Intelligence Unit of the CBN in collaboration with the Economic and Financial Crimes Commission (EFCC). The CBN explained through its  Director, Financial Policy …

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The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots across the country from Sunday midnight, the News Agency of Nigeria reported. The directive, which has saved Nigerians at least momentarily from fuel crisis, was conveyed in a statement issued by DAPPMA Executive Secretary, Olufemi Adewole, at about 1.20 a.m. on Monday in Lagos. Mr …

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