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Between parity and fair Value for the Naira,By Simbo Olorunfemi
It’s been just over one week since the Central Bank of Nigeria announced what it referred to as “operational changes to the foreign exchange market”, which saw to the abolishment of segmentation, with all segments collapsed into the Investors and Exporters (I&E) window. Between June 15th when the change of policy, which was designed to usher in a market-led regime…
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BREAKING: Lagos gas explosion leaves 4 injured
At least four people were injured in a gas explosion which occurred in the Agege area of Lagos on Monday. The explosion, which took around Apostolic Church, Agege left three women and one man with various degrees of injury. The explosion was said to have emanated from a gas shop following a leakage from one of the cylinders. Accoridng to…
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DSS warns of possible terrorists attacks during Sallah festivities
The Department of State Services (DSS) on Thursday in Abuja warned members of the public to be wary of terrorists’ attacks as they herald the Eid-el-Kabir celebrations. Spokesman of the agency, Dr Peter Afunanya stated that there are reports indicating plans of attack on worship and recreational facilities before and during the festivities. According to him, the reports are corroborated…
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INEC accuses LP of unnecessarily delaying tribunal
Kemi Pinero, the counsel representing the Independent National Electoral Commission (INEC), has accused the Labour Party (LP) of unnecessarily causing delays in the presidential election petition tribunal. During the proceedings on Wednesday, Livy Uzoukwu, the lead counsel for the LP, claimed that the INEC chairman’s office had failed to provide the party with requested documents that could serve as evidence.…
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Ondo acting governor, Aiyedatiwa, sues for calm, says Akeredolu human like all
The Acting Governor of Ondo State, Lucky Aiyedatiwa, has called for calm amidst the recent controversy surrounding the governance of the state. In a statement on Wednesday, Aiyedatiwa who recently became the acting governor after Governor Rotimi Akeredolu proceeded on a medical leave, reassured the people of Ondo State that rumors about the disruption of government activities were unfounded and…
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Equities market appreciates by N1.22trn amid Emefiele’s suspension
The equities market of the Nigerian Exchange Limited (NGX) opened the week on an impressive note with N1.22 trillion gain as investors took some comfort from the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele’s suspension by President Bola Tinubu. Precisely, the All Share Index (ASI) gained by 2,232.58 basis points or 3.99 per cent to close at 58,163.55basis…
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PHOTO NEWS: Hamzat, Opadokun, Ozakhome lay wreath on MKO Abiola’s grave
Lagos State Deputy Governor, Dr. Obafemi Hamzat, NADECO chieftain and former Secretary of Afenifere, Chief Ayo Opadokun and Chief Mike Ozakhome, SAN joined other activists to celebrate the June 12 anniversary in Lagos on Monday. Dr. Hamzat represented Governor Babajide Sanwo-Olu at a June 12 memorial event organised by Alliance for Yoruba Democratic Movement which was also attended by Abiola’s…
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PREMIUM TIMES Books unveils new title on cyber politics, Nigerian elections
Premium Times Books, the book publishing arm of the Premium Times Group, is pleased to announce the release of a new title, Cyber Politics: Social Media, Social Demography and Voting Behaviour in Nigeria. The book, written by Omoniyi P. Ibietan, is officially making its way to physical and online bookshop Monday morning in a unique alignment with the symbolic rituals of…
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PHOTO NEWS: Tinubu marks Democracy Day, inspects guard of honour
President Bola Tinubu on Monday inspected a guard of honour to mark the celebration of the 2023 Democracy Day. The President was accompanied by Vice President, Senator Kashim; Chief of Staff Designate, Hon. Femi Gbajabiamila; Secretary to the Federal Government, George Akume and other dignitaries.
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NGX to host workshop on cross-border trading requirements
Nigerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The webinar is designed to provide market operators, investors and other stakeholders with an overview of AELP, its origin and objective, expectations and its benefits to the market. The event, which is supported…
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