The Nigerian currency, the Naira is set to witness further decline against the US Dollar due to scarcity of the Dollar. Against expectation, population of Nigerians traveling home for the holidays fell short resulting to shortage of Dollars returning home with them. The Naira closed at 490 to the Dollar on Friday, from 495 against the dollar last Friday at …

From Olabode Adaramola The Niger State House of Assembly has extended invitation to the Secretary to the State Government, Alh. Ibrahim Isah Ladan and the Commissioner for Justice, Barrister Nasara Dan Mallam Baba for legalization of the State Investment Promotion Company, an investment arm of the government.The house said the invitation  of the two top government officials was a matter …

NASS to Amend HYPADEC Bill   From Olabode Adaramola The National Assembly has again commenced amendment to the establishment of the Hydro Power Producing Areas Development Commission (HYPPADEC) bill, the second of such amendments within four years. The new amendment is consequent upon the discovery that there are some lapses in the old bill which has made it non implementable …

  The Wesley Cathedral Olowogbowo, Lagos recently celebrated its 2016 annual family re-union harvest thanksgiving service in the Church. The event however attracted clergies, dignitaries, laities and friends of the Methodist Church and Christians generally to the grand occasion. Below are images from the occassion. CEO Unity Hospital Group Ltd, Lagos Sir Dr Charles Oladeinde Williams KJW being congratulated by …

 The 2016 edition of One Lagos Fiesta will be brought to a close Saturday night with a spectacular countdown to the New Year. The initiative introduced by the government of  Akinwumi Ambode last year to round off the year and usher in a new one in a mood of excitement is being supported for a second year running by foremost …

As controversy continued to trail the importation of poor quality of rice into the country, over 40,000 bags of rice seized by the Nigeria Customs Service have so far being shared to Internally Displaced  Persons’ camps, Comptroller-General of Custom, Col. Hameed Ali, has said. The NCS CG, represented by its Deputy Comptroller-General, Mr. Umar Ilya, said this on Thursday in …

CBN sells $1bn to clear backlog of forex demand The Central Bank of Nigeria has sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign exchange traders. The traders said on Thursday that the dollar sale was made last week. They described it as the largest special auction by the …

SEC, CBN Real-Out Guidelines on Securities Settlement in Nig As part of its growth strategy and development of the stock market and to further promote competitive, efficient, safe and sound post trading arrangements in Nigerian financial market, the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria have introduced some sets of guidelines on securities settlements in Nigeria. …

Fleeing Boko Haram Members: Governor Sani Bello Enjoins Nigerlites To Be Vigilant Olabode Adaramola Niger State Governor, Alhaji Abubakar Sani Bello has enjoined citizens’ residents in the state to keep vigilant and be wary of fleeing Boko Haram members who might want to seek refuge in parts of the state. He said the capture and fall of Sambisa Forest, the last strong hold …

  NCAA Lacks Professionalism – Arik Air  Nigeria’s largest surviving private domestic airline, Arik Air has described the fine slammed on it by Nigerian Civil Aviation Authority (NCAA) as unprofessional, saying the regulatory authority did not allow it to formally respond to the letter it earlier sent to it. NCAA had on Tuesday slammed a N6 million fine on Arik …