Daily News
GUARDIAN
Bears Dominate Trading as Index Dips Further by 0.07%
The bears sustained dominance on the Nigerian Stock Exchange (NSE) as more blue-chip stocks depreciated, resulting in a further decline in the All Share Index (ASI) by 0.07 per cent yesterday. The ASI fell by 29.03 points or 0.07 per cent to 40,465.32 points. Accordingly, investors lost N15 billion in value as market capitalisation declined to N21.169 trillion… Read More
THIS DAY
CBN Directs Banks to Open Dollar Account for Remittances
The Central Bank of Nigeria (CBN) has directed banks to automatically open dollar bank accounts for their customers who do not have domiciliary in order to facilitate remittances. The development, according to a statement from WorldRemit- an International Money Transfer Operators (IMTO), would ensure that, “all international money transfers will be successfully processed even if… Read More
PUNCH
Federal Government to Borrow $1.2bn for Agric Mechanisation, Others
The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil to provide for mechanised agriculture in Nigeria. Senior Special Adviser to the President on Agriculture, Andrew Kwasari, told journalists in Abuja on Wednesday that the initiative was under the Green Imperative Project of government. He said, “The Green Imperative will address… Read More
Nigeria, Others Suffered 40% Drop in Oil Investment – Report
Nigeria and other oil-producing countries in sub-Saharan Africa saw a 40 per cent decline in oil and gas investment in 2020 to the lowest level in nearly 20 years, a new report has said. The report titled ‘Sub-Saharan Africa Upstream: 2020 in review’, was released on Wednesday by Africa Oil Week in partnership with Wood Mackenzie. It said, “The year 2020 was a brutal year for sub-Saharan Africa… Read More
GUARDIAN
CBN Sells $10.3bn at FX Market in Six Months
The Central Bank of Nigeria (CBN) sold a total of $10.3 billion at the foreign exchange (FX) market in the first half of last year, the 2020 half-year activity report released by the regulator yesterday has shown. “In the first half of 2020, the CBN continued with its intervention in the inter-bank foreign exchange market to cushion demand pressures and ensure exchange rate stability… Read More
PUNCH
External Reserves Down by $565m in Two Weeks
The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest figures from the Central Bank of Nigeria revealed on Wednesday. The reserves which had gained in recent weeks started a downward trend on January 26 on which date it declined to $36.34bn. Figures obtained from the CBN showed that the reserves, which commenced… Read More
DPR Threatens Sanctions over Hoarding as Fuel Queues Emerge
The Department of Petroleum Resources has warned fuel depot owners against hoarding petroleum products in their facilities, saying it would sanction erring operators. The Director, DPR, Mr Sarki Auwalu, issued the warning on Wednesday in Lagos, according to a statement by the agency’s Head of Public Affairs, Mr Paul Osu. Auwalu said the warning was necessitated by reports received… Read More
GUARDIAN
Act Now to Prevent Another Civil War, Arewa Youth Forum tells Buhari
Disturbed by the prevailing tension across the country caused by activities of armed Fulani herdsmen, Arewa Youth Forum (AYF) has urged Federal Government to urgently douse the situation to prevent outbreak of another civil war. The northern youths made the call in a statement signed by its National President, Alhaji Ibrahim Gambo Gujungu, yesterday, in Kaduna… Read More
VANGUARD
APC will eat PDP for Breakfast if Fani-Kayode leaves, Tanko replies Fayose
A chieftain of the Peoples Democratic Party, PDP, and Chairman of the PDP Revival Group, Mallam Tanko Ibrahim has berated the former governor of Ekiti State, Mr Ayodele Fayose over comments that If Femi Fani-Kayode leaves the PDP, he will become politically dead. Recall that Vanguard had reported that Gov Fayose stated that he is 100 per cent sure Fani-Kayode is not leaving the PDP… Read More
THIS DAY
Large Chunk of Nigeria’s Identity Data in Silos
Some industry stakeholders have expressed concern that a larger percentage of Nigeria’s identity data are still in silos with different federal government agencies. They called on the National Identity Management Commission (NIMC) to speed up the process of integrating the country’s national identity data into a single database for easy academic research and for security reasons… Read More