Oluwaseyi Bangudu

Posts by Oluwaseyi Bangudu:

Top Army chiefs

Baga: Nigerian military set to address journalists

The Nigerian Army will address the press in Maiduguri on the confusing reports from Baga, a fishing town north of Borno, on Friday, December 28, the News Agency of Nigeria (NAN) has said. The press conference will take place at the headquarters of Theatre Command of Operation Lafiya Dole, according…

Zamfara State map

Police confirm killing of five persons in Zamfara community

The Zamfara State police command has confirmed the killing of five persons in Gidan Halilu village in Birnin-Magaji Local Government Area of the state. The police spokesperson, Muhammad Shehu, made the confirmation in a statement issued in Gusau, according to the News Agency of Nigeria (NAN). “We wish to confirm…

Top Army chiefs

Three days after attacking UNICEF, Nigerian Army wants Amnesty International office closed

The Nigerian Army has called for the closure of the Amnesty International offices in Nigeria, alleging there is credible evidence the organisation is working hard to destabilise the country. This comes three days after the army accused UNICEF of aiding terrorism in the North-east. The army spokesman, Sani Usman, said…

Lubricant sector can employ 50, 000 more – Manufacturers

With the right business environment, Nigeria’s lubricant industry can employ 45, 000 more people than it currently does, the manufacturers say. The manufacturers made this known at the first Nigerian Lubricants Industry summit titled “Nigerian Lubricants Industry: Opportunities and challenges”, which held in Lagos on Tuesday. The industry currently employs…

Presidency unlikely to meddle in CBN after Sanusi backlash – Rewane

Liquidity tightening is expected from the CBN in the near future, investment researchers say. (more…)

CBN building fire did not destroy records- Spokesperson

Fire gutted the first floor of the CBN building in Lagos. (more…)

HRAN calls for probe of Alison-Madueke

HRAN says it concerned about the disappearance of over $20 billion from the accounts of Nigerian National Petroleum Corporation (NNPC). The Human Rights Agenda Network, HRAN, on Monday called for an immediate and transparent probe into allegations of gross mismanagement of public funds by the Nigeria’s Petroleum Minister, Diezani Alison-Madueke.…

NSE: Total tops losers chart after Monday’s trading

The value of transactions after trading stood at 2.411 billion, recorded in 4,091 deals. (more…)

Ecobank Transnational Incorporated announces new Group CEO

Albert Essien is the new CEO of the bank. (more…)

Nigeria Stock Exchange

Nigerian Stock Exchange cuts transaction costs for traders

Nestle topped the losers chart. The Nigerian Stock Exchange, NSE, has commenced the reduction of the cost of its Trade Alert service by about N1.24 billion from March 2014. This reduction is being achieved through the scrapping of the current charge of 0.06 per cent of every trade on the…

Nigeria Stock Exchange

Guinness tops losers chart as Nigerian Stock Exchange introduces new trade notification system

Access Bank was the most traded stock. The Nigerian Stock Exchange (NSE) has announced that it will discontinue the old trade notification system, Trade Alert, and introduce a fresh notification system known as X-Alert to all its investors in March 2014. Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange, said…

Nigeria’s economic indices slip to negative following Sanusi’s suspension

Analysts say Mr. Sanusi's suspension may scare off investors (more…)

Zenith Bank tops most traded shares as Bank Chief is nominated Central Bank Governor

The Managing Director of Zenith Bank, Godwin Emefiele, is to be the next Governor of the Central Bank of Nigeria. Zenith Bank, Thursday, was the most traded shares on the Nigerian Stock Exchange after the bank's boss was nominated as the next Central Bank Governor. Nigeria's President, Goodluck Jonathan, Thursday,…

New Central Bank Governor may devalue Naira- Renaissance Capital

RenCap said this before Mr. Sanusi’s suspension on Thursday morning (more…)

Suspended CBN Governor, Sanusi, away on official assignment; may be arrested on arrival

Nigeria's Central Bank Governor, Sanusi Lamido Sanusi, who has just been suspended with immediate effect by President Goodluck Jonathan, has been away on official assignment to Niger and might be arrested on arrival at the airport, PREMIUM TIMES  can report. Usually reliable security sources say there are already plans to…

Breaking News

BREAKING: Nigeria’s President Suspends Central Bank Governor, Lamido Sanusi

Nigeria's President, Goodluck Jonathan has suspended the country's Central Bank Governor, Sanusi Lamido Sanusi, from office. Mr. Jonathan Thursday morning ordered Mr. Sanusi to hand over to the most senior Deputy Governor of the bank, Sarah Alade, who will serve as Acting Governor until the conclusion of ongoing investigations into…

NSE: Dangote Cement tops gainers chart after Tuesday’s trading

Dangote's share price rose from N235.00 to N239.50. (more…)

Nigeria Stock Exchange

Guinness tops losers chart after Monday’s trading

Nigeria Breweries topped the gainer's chart (more…)

Bismarck Rewane [Photo: businessnews.com.ng]

Nigerian Stock Exchange ASI experiences worst January since 08/09 crash – Rewane

Nestle topped the losers chart after Monday’s trading on the Nigerian Stock Exchange. (more…)

Civil Society groups wants breakdown of N150 billion national assembly provision in 2014 budget

The groups expect the National Assembly to release the information within seven days  (more…)

CBN

Nigeria Central Bank releases framework for Mortgage Refinance Companies

The guidelines stipulate what is required to operate a MRC (more…)

Nigeria Stock Exchange to implement stronger regulatory reforms

The NSE will also implement a pilot scheme for corporate governance rating (more…)

Defiant El-Rufai accuses PDP-led government of plans to rig forthcoming elections, says he can’t be silenced

Mr. El- Rufai was detained by the SSS for what the latter described as inciting remarks. (more…)

Nigeria Central Bank’s decision on CRR to have ‘shock effect’ on money market – Rewane

The MPC increased the already controversial Cash Reserve Ratio on public sector deposits from 50 to 75 per cent (more…)

Nigeria Stock Exchange

Nigerian Stock Exchange begins week on low note, records N75 billion loss

Oando leads gainers’ chart (more…)