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The Nigerian Stock Exchange (NSE) on Tuesday closed bearish as all-share index (ASI) dropped to close at 27,810.28 points, while market capitalisation dropped by N9,551,424,688,964.86 Highlights of today’s trading session: ASI: 27,810.28 DEALS: 3,113.00 VOLUME: 182,247,217.00 VALUE...

The naira on Monday appreciated 0.81% to 305.50 to the dollar at the inter-bank market, forty -three days after the Central bank of Nigeria introduced the flexible exchange rate policy. The capacity to defend the currency has also continued to drop as the external reserves of the country has...

All Progressives Congress, APC has reacted to the Peoples Democratic Party (PDP) claim that INEC is recruiting loyalists of All Progressives Congress (APC) as ad-hoc staff ahead of the September 10 Edo gubernatorial race. APC official twitter handle said: "Same lies that failed you in 2015? Why...

Ogun State House of Assembly has granted an approval for the State government's request to access the sum of N5bn from the Central Bank of Nigeria (CBN) Commercial Agricultural Credit Scheme facility from Sterling Bank. According to DailyTrust, the approval, it was gathered is meant to promote...

The Nigerian military says releasing Boko Haram fighters in exchange for abducted Chibok schoolgirls is a “political decision” beyond its powers. The defence chief, Abayomi Olonishakin, said on Monday that the military was “going ahead” with its operations against the sect. His remarks came...

Parents of the abducted Chibok girls identified their daughter as Dorcas Yakubu in the new Boko Haram video. See video: The BringBackOurGirls group and the parents of the kidnapped Chibok schoolgirls have demanded that the federal government exchange the girls with Boko Haram suspects...

Former Governor of Delta State, Dr. Emmanuel Uduaghan has reacted to the National Human Rights Commission indictment over his role in electoral fraud in the country. Uduaghan on Thursday said the National Human Rights Commission (NHRC) was wrong to have accused him of being involved in...

With four major blue-chip companies losing as much as N51.86 billion in the first half of 2016, the lot of the manufacturing sector is getting bleaker and the economy of the nation is in sham. Firms in Nigeria continue to grapple with input cost pressure and weak consumer purchasing power...

The broker peace between Senator Ali Modu Sheriff, and the National Caretaker committee chairman of the party, Ahmed Makarfi by the Board of Trsutees of the Peoples Democratic Party has once again hit the rock. Ali Modu-Sheriff, who met with the caretaker committee insisted on the following...

Ambassador Adeyemi Dipeolu (PhD) is the newly inaugurated Special Adviser to the President on Economic Matters in the Office of the Vice-President of the Federal Republic of Nigeria. Here are 7 Things we know about the Economic adviser to the President of Nigeria. - He was Director of the...

The Central Bank of Nigeria on Tuesday directed Bureau De Change operators not to sell foreign exchange above two per cent margin of the buying rate. A statement by W.D Gotring, the Acting Director, Trade and Exchange Department of CBN, also directed authorised dealers not to sell foreign...

The Central Bank of Nigeria (CBN), yesterday, intervened to save the naira, as the currency hit all-time-low at 350 to a dollar equivalent to 77.67 per cent dropped at the inter-bank foreign exchange market. The fall was the lowest value since the commencement of the flexible exchange rate...

Economic and Financial Crime Commission, EFCC is said to have arrest a popular blogger, Abubakar Sidiq Usman for publishing a story that revealed irregularities in the commission. Sources of Twitter, claimed that the popular blogger, @Abusidiq was arrested by the Magu-led EFCC for a story...

Strong indications have emerged that the former President, Goodluck Jonathan is meeting with key members of the Avengers and other known militant groups, with a view to dousing the tension in the region, as well as avert deployment of soldiers and military hardware to the region. The Bayelsa...

A group that recently split from Niger Delta Avengers (NDA), a militant organization that has claimed responsibility for bombing numerous oil facilities, has revealed sponsors of the Avengers. According to SaharaReporters, Cynthia Whyte, an alias for a male spokesman, the splinter group also...

The Comptroller General of the Nigerian Customs Service (NSC), Col. Hameed Ali (rtd) has said that over 90 percent of rice imported into the country through land borders is expired commodity. Ali made this known this in Lagos while responding to a request by the president of the Beninoise Rice...

Governor Nasir El-Rufai of Kaduna State has concluded plans to commence the enforcement of free compulsory primary education across the 23 local government areas next month. The Commissioner for Education, Science and Technology, Prof. Andrew Nok who briefed Journalists on the activities of the...

The naira on Friday down 1.22% to N318.91k to close trading at the inter-bank market, thirty-two days after the Central Bank of Nigeria removed peg on the currency. At the parallel market, the naira retreated from N400 to a dollar on Thursday to N395 to dollar. Analysts believed that the...

The West African Examinations Council (WAEC), Friday, announced the release of the 2016 results of the West African Senior School Certificate Examination (WASSCE). The body said its withholding the results of 137,295, representing 8.89% candidates. According to the released results, a total of...

The Lagos State chapter of the Peoples Democratic Party has faulted a poll by the African Leadership Magazine which rated Governor Akinwunmi Ambode as the best performing governor in the country. The Lagos PDP said the Ekiti State Governor, Ayodele Fayose, and his Ondo State counterpart, Dr...