Stock Exchange all share index falls by 0.35 per cent

Activities on the floor of the Nigerian Stock Exchange have continued to fall having significant effect across all boards. The numbers of registered stocks have also fallen as 33 stocks depreciated, with only 13stocks gaining and 124 stocks maintaining their prices per share at the close of Tuesday’s trading activities. Whereas on Monday, 14 stocks gained, 26 fell while 130 remained unchanged. Although, the number of…

Wholesale market, others get $210m CBN boost

The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesdays trading, the Bank offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $55,000,000 each for…

FG restates commitment to infrastructure development

President Buhari’s administration will continue to secure Nigeria, upgrade infrastructure and ensure its wealth is not hijacked by a greedy few. The Acting President, Professor Yemi Osinbajo stated this on Tuesday during a one-day working visit to Zamfara State. Professor Osinbajo, who was received by Governor Yari Abdulaziz, also inaugurated projects executed by the state government…

Police rename Special Anti Robbery Squad

Special Anti-Robbery Squad, SARS, has been renamed ‘Federal Special Anti-Robbery Squad (FSARS),’ with a new commissioner of police appointed to head the unit. The move is part of the overhaul done by the Inspector-General of Police, IGP, Ibrahim Idris following a presidential order on Tuesday. The Police Public Relations Officer, Jimoh Moshood announced the changes hours after Acting…

Meter supply is Discos’ responsibility, says FG

The Federal Government on Monday announced that power distribution companies still had the responsibility of providing meters to customers as opposed to the recent position of the Discos. It said the Meter Asset Provider Regulation, which was unveiled by the Nigerian Electricity Regulatory Commission in March this year, did not completely remove the responsibility of…

NNPC, Seplat eye 3.4bscf/d of gas

The Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company (SPDC) have signed  agreements to expedite the development of a project aimed at delivering about 3.4 billion standard cubic feet of gas per day by 2020. The project, Assa North and Ohaji South (ANOH) gas development scheme, is one of the seven Critical Gas…