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Day: March 29, 2017

Bureau De Change operators to sell dollar at N360 after buying at N350 from CBN

Amaka Obiefuna. The Central Bank of Nigeria (CBN) has reviewed down the rate at which it was selling dollars to Bureau De Change (BDC) operators nationwide. President, Association of Bureau De Change Operators of Nigeria (ABCON),Alhaji Aminu Gwadabe, in an interview in Lagos  South West Nigeria  on Tuesday  said that the buying rate for BDCs […]

Nigeria Army denies killing herdsmen in Southern Kaduna

Fidelia Okafor. The 1 Division of the Nigerian Army, Kaduna, has refuted social media reports on the alleged killing of 17 herdsmen by soldiers in Southern Kaduna. Deputy Director, Army Public Relations Col. Kingsley Umoh, who dismissed the report, described it as unfounded and irresponsible. He said that the mandate of the Army in the […]

Keystone Bank Transition Board takes over April 1

Amaka Obiefuna. Keystone Bank on Tuesday announced the appointment of Alhaji Umaru H. Modibbo and Mr. Hafiz Bakare as board Chairman and acting Managing Director/Chief Executive Officer respectively. The development came less than a week after the bank was handed over to new investors. The bank also announced the appointments of Mrs. Yvonne Isichei as […]

FDI on Nigeria Stock exchange dropped to N16.10bn in February

Amaka Obiefuna. The Foreign Portfolio Investment (FPI) inflows on the Nigerian Stock Exchange (NSE) dropped to N16.10 billion in February as against N22.61 billion recorded in January, 2017. NSE made this known in its domestic and foreign portfolio participation in equity trading for February 2017. The report stated that the total foreign inflows for the period under […]

Nigeria’s President vows to support local entrepreneurs

Fidelia Okafor. President Muhammadu Buhari has pledged support for Small and Medium Enterprises, SMEs to thrive across Nigeria. President Buhari made the pledge at the 9th edition of Bola Tinubu Colloquium held in Lagos on Tuesday. “Government is already putting policies in place to encourage and facilitate the SMEs, to promote made in Nigeria goods […]

Manish Maheshwari takes over Seven Energy as New CEO

Fidelia Okafor Seven Energy International Limited has announced the appointment of Manish Maheshwari as new Chief Executive Officer to succeed Phillip Ihenacho who had informed the Company in 2016 of his wish to step down from a full time executive role with the Company. The company is an integrated gas company operating in Nigeria, with […]