The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex bank instructed banks to revert to old charges and refund customers who had been debited. CBN had earlier announced new charges on deposit and withdrawals above a threshold of N500,000. The apex bank had directed …

Barring any change, prospective and existing shareholders of Nigerian Breweries Plc may be in for a better financial year, as the company was able to commence the 2017 financial year on a positive note. The company first quarter result for the period ended March 31, 2017 shows that there was improvement both at the top and bottom line of the …

The World Federation of Exchanges (WFE) on Thursday published its annual report into the global derivatives market.   According to WFE, Thursday’s report coincides with the WFE’s 34th IOMA Clearing & Derivatives Conference, taking place in Frankfurt, Germany. The event, hosted by Eurex, will see more than 150 senior delegates from clearinghouses, exchanges, regulators and the buy side from around …

In a bid to take youths off the street and engage them in meaningful activity, a non- governmental organization the Great Gregory Imafidon foundation is organising a Gold cup football competition for under 13 boys in Edo state. Speaking on the importance of the competition, the Founder of Gregory Imafidon Foundation, Mr. Gregory Imafidon a philanthropist   based in Dallas, Texas, …

The Oba of Lagos, HRH Rilwan Aremu Akiolu while welcoming the Deputy Inspector General of Police in charge of ICT, DIG Foluso Adebanjo, has requested that the Inspector General of Police, IGP Ibrahim Idris liase with the Federal authority to ensure that a Mobile barracks is established around Ishawo, Ikorodu axis. Speaking on the insecurity in the state especially the …

No fewer than 30 persons watching the Europa League football match between Manchester United and Anderlecht were electrocuted in Calabar yesterday evening. An eyewitness told our correspondent that a transformer near the viewing Centre located in the Iyang-Esu area of the Calabar Municipal Local Government exploded during the match and caused a high-tension cable to cut off from its source and …

Time recently stood still in the ancient city of Ado Ekiti as over 15,000 persons thronged the venue of the Ekiti State University 22nd Convocation Ceremonies to witness the historic moment as Honourable Oladipupo Olatunde Adebutu, Chairman, House Committee on Rural Development, was conferred with the honorary degree of Doctor of Public Administration (D.P.A) Honoris Causa by Ekiti State University, …

Photo Caption: From left; Olumide Orojimi, Head, Corporate Communications Department, The Nigerian Stock Exchange (NSE); Pai Gamde, Acting Head, Corporate Services Division,  NSE; Chioma Obiadi, 40th Miss Nigeria; and Dr. May Ikeora, Executive Director, Miss Nigeria Organisation during a courtesy visit of the 40th Miss Nigeria to The Exchange on Thursday to explore partnership on the Green Girl Project, a five …

Although Nigeria’s total current debt is relatively low compared to the Gross Domestic Product, the interest rate payment is not sustainable by current revenues, the World Bank has said. Senior Economist at World Bank office in Nigeria, Yue Man Lee, said this in Abuja on Wednesday on the sideline of the release of the 15th edition of Africa’s Pulse, an …

The Chairman of Osun State Board of Internal Revenue, Mr. Bicci Alli, has said the agency will begin to clamp down on companies, ventures and organisations that have refused to remit their taxes and other levies to the board. Alli, who said this in an interview with our correspondent in Osogbo, on Wednesday, said the amount of money being owed …