The Akwa Ibom chapter of the Peoples Democratic Party (PDP) on Monday said it never expelled or suspended former governor, Godswill Akpabio, from the party. The Publicity Secretary of the party in the state, Ini Ememobong, stated this at a news conference in Uyo, according to a report by the…

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…

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…

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…

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…

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

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

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.…

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

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

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…

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…

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

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,…

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

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…

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…

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

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

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

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

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

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

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

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