The Nigerian Stock Exchange (NSE) key market indicators on Wednesday sustained positive rally, appreciating by 0.50 per cent due to monetary policy rate cut to 11.5 per cent. Speficially, the market capitalisation rose by N67 billion to close at N13.474 trillion against N13.407 trillion recorded on Tuesday. Also, the NSE All-Share Index inched higher by Read More…
Month: September 2020
Frank de Boer favourite to be named new Netherlands coach
Frank de Boer has emerged as the most likely candidate to be named coach of the Netherlands after weeks of speculation over who would succeed Ronald Koeman. A contract up to the 2022 World Cup finals in Qatar is expected to be signed in time for De Boer to take charge of the team’s three Read More…
De Bruyne, Lewandowski, Neuer on UEFA player of the year shortlist
Kevin De Bruyne, Robert Lewandowski and Manuel Neuer have been shortlisted for the UEFA Men’s Player of the Year award, the European football governing body said on Wednesday. Lewandowski helped Bayern Munich to their sixth UEFA Champions League title, finishing as the competition’s top goalscorer with 15 goals. The Polish striker netted 55 goals in Read More…
Only ICT can eliminate corruption at Nigerian ports – Babalola
Opeolu Babalola is the Managing Director of Webb Fontaine Nigeria, the company contracted by the Nigerian Customs Service to provide ICT solutions at the nation’s seaports. In this interview with a cross-section of journalists, he speaks on how ICT can change Nigeria’s maritime environment – YUSUF BABALOLA of Leadership Newspaper was there. Give us an Read More…
10 men in Lagos court over alleged cultism
Ten men on Wednesday appeared in an Ogudu Magistrates’ Court in Lagos over alleged involvement in cult activities. The police arraigned Olushola Fayode, 35; Daniel Adimorah, 24; Adeyemi Adebayo, 27; Olamilekan Ishola, 25, and Isaiah Obisesan, 28. The others are Adeosun Rilwan, 28; Godwin Adebano, 24; Usman Aliu, 23; Isaac Samuel, 20, and Olamilekan Akinyemi, Read More…
Lagos to celebrate Nigeria @ 60 with Ariya Eko Festival
The Lagos State Government in collaboration with Evergreen Musical have concluded plans to commemorate Nigeria @ 60 with the 2020 edition of Ariya Eko Festival. The Managing Director, Evergreen Musical Company, Bimbo Esho, in a statement on Wednesday said the festival had been slated for a yet to be determined date in October. Esho said Read More…
Ebuka reveals how BBNaija winner will emerge
Ebuka Obi-Uchendu, the presenter of the 2020 Big Brother Naija Reality Show Season Five ‘Lockdown’, says a grand winner, will emerge through number of votes accrued to a housemate. Obi-Uchendu disclosed this on his official twitter page @Ebuka, where he wrote “How your favorite BBNAIJA housemate will ‘fly’ into the top spot on Sunday…But only Read More…
Stock market advances by N42bn in response to MPR cut
Transactions on the Nigerian Stock Exchange on Tuesday rebounded further by 0.31 per cent, just as the Monetary Policy Committee (MPC) reduced interest rate by 100 basis points. The MPC of the Central Bank of Nigeria (CBN) at the end of two-day meeting slashed monetary policy rate by 100 basis points to 11.5 per cent Read More…
LASWA, Ibile Oil & Gas collaborate to enhance ferry services in Lagos
The Managing Director, Lagos State Waterways Authority (LASWA), Mr Oluwadamilola Emmanuel, has said that establishment of Ibile Oil & Gas Station at the authority’s headquarters would enhance safety culture on Waterways. Emmanuel made the disclosure during the launching of Ibile Oil and Gas, Waterways Petrol Dump at the authority’s headquarters in Lagos on Tuesday. He Read More…
CBN reduces Monetary Policy Rate to stimulate economic recovery
The Central Bank of Nigeria (CBN) on Monday announced reduction of the Monetary Policy Rate (MPR) from 12.5 per cent to 11.5 per cent. Mr Godwin Emefiele, the CBN Governor made the announcement while presenting the communiqué the 275th Monetary Policy Committee (MPC) meeting on Tuesday. Emefiele said that the decision to reduce the MPR was Read More…