INVESTORS ABANDON NIGERIAN STOCKS AS BUHARI KEEPS MUTE ON ECONOMIC POLICIES

Investors’ net worth on the Nigerian Stock Exchange (NSE) on Tuesday depreciated by N87 billion as a result of profit taking embarked upon by investors. The market...

NAIRA TO SUFFER 15 PER CENT DEVALUATION —STANDARD & POOR’S

THERE seems to be no respite for the naira, as international rating agency, Standard and Poor’s, on Wednesday, said the Federal Government will have to...

SHELL TO BEGIN EXPORTS FROM FORCADOS TERMINAL AFTER TWO-MONTH CLOSURE

Shell has lifted a force majeure on exports of Nigeria’s Forcados crude oil stream that had been in place for more than two months,...

UBA RAISES ₦11.5 BILLION FROM RIGHTS ISSUE

United Bank for Africa (UBA) said on Friday it had raised ₦11.5 billion ($57.8 million) by selling new stock to existing shareholders to bolster...

NAIRA DROPS TO 241 AGAINST DOLLAR

The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions...
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Court Frees Premium Times Journalist

A journalist, Samuel Ogundipe, who has been detained since Tuesday by Police in Abuja has regained his freedom.   According to a report by his employers,...

FG Declares Tuesday, Wednesday Public Holidays

The Federal Government has declared Tuesday 21st and Wednesday 22nd August as public holidays to mark the 2018 Eid-El-Kabir celebration. The Minister of Interior, Lt....

FG Paid Huge Ransom For Dapchi Girls – UN

A United Nations report has revealed that the Nigerian government paid huge sums in ransom to secure the release of the over 100 school...
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