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FMDQ OTC records N20. 99tn transactions in two months

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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Niger: 3 School Management Staff in Trouble for starving students

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 hikes DStv, GOtv subscription rates

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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CBN moves to boost naira, injects more dollars

Barely three days after the naira weakened against the United States dollar, the Central Bank of Nigeria is set to boost the local unit with the injection of more dollars into the foreign exchange market this week. The CBN, it was learnt, was planning to increase dollar supply with a view to ensuring liquidity in the interbank market. This came …

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ICAO PRESIDENT MEETS AVIATION AGENCIES CEOs

The President of International Civil Aviation Organisation (ICAO), Dr. Bernard Olumuyiwa Aliu visited Nigeria and held high level talks with all aviation parastatals chiefs. The meeting was held at the Aviation House,Nigerian Civil Aviation Authority (NCAA) Headquarters on Friday, 31st March,2017. At the meeting,each of the CEOs gave a brief of the various activities in their respective Agencies as regards …

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I won’t take chieftaincy title while in office Gov Sani Bello

Olabode Adaramola Governor Abubakar Sani Bello of Niger state has said that he will only take traditional titles conferment after completion of his service to the people of the state as governor. Bello stated this in New Bussa in Borgu Chiefdom when the Emir of the chiefdom, Alhaji Mohammed Sani Dantoro Kintoro IV announced conferment of traditional title of Majin …

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Fed. Govt. To introduce 200 Rice Milling Machines to boost Rice production in the country

Olabode Adaramola The Federal Government is set to introduce 200 Rice Milling Machines to farmers to further boost production of Rice in the Country, the Minister of Agriculture and Rural Development, Audu Ogbe has revealed. Also, the National Coordinator International Fund for Agriculture Development, IFAD, Dr. Ameh Onoja said N6 billion has been earmarked for Rice production. The duo stated …

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Senator Mustapha Sani Mohammed Silence Critics With Massive Empowerment Programmes

Olabode Adaramola The Senator, representing Niger South Senatorial District, at the national assembly Abuja , Senator  Mustapha Sani Mohammed has given massive empowerment programmes to the people of the senatorial district in an attempt to reduce to the barest minimum the level of unemployment among the people, especially youths and women. He made the disclosure in an interaction with the …

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External reserves hit two-week low as naira weakens

The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of Nigeria pledged to step up dollar sales. This came just as the CBN said it would announce a new exchange rate for Bureau De Change Operators next week, Reuters reported. The central bank had on Tuesday …

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