Thisday Newspaper News Today Wednesday 4th December 2019
Top Nigeria news Dailies Update from Thisday Newspaper News Today 04/12/19
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All-Share Index Sheds 0.17% as Stock Market Extend Losses
Goddy Egene The stock market extended its losses to the second trading day of the new month as price decline suffered by MTN Nigeria Communications Plc, Stanbic IBTC Holdings Plc and Guinness Nigeria Plc pulled the Nigerian Stock Exchange (NSE) All-Share Index down by 0.17 per cent to close at 26,944.32. The market had gained
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Viable Partnership to Tackle Insecurity in South-west
Chinecherem Ojiako writes that the recent partnership between the police and some local security groups in the South-west is targeted at tackling the myriad security concerns in the region A new partnership between the police and some local security groups in the South-west region has been formed. This partnership is targeted at tackling the myriad
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Rand Merchant Bank Unveils Custody Offering
Hamid Ayodeji Rand Merchant Bank Nigeria (RMBN) has launched its custody offering, a banking solution aimed at enhancing the ‘post-trading’ activities of clients. The financial institution over 25 years ago commenced the offering of custody services out of South Africa. The bank thereafter expanded the offering to neighboring southern African countries of Namibia and Botswana
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FSDH Merchant Bank Commences Custom Duty Collecting Services
FSDH Merchant Bank has officially begun operations as a Custom Duty Collecting Bank in Nigeria. This, according to a statement, has paved the way for other Merchant Banks across the country to be afforded the same opportunity. It revealed that as early as 2018, the bank commenced talks with the Nigeria Customs Service Board (NCSB)
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DEG Opens Office in Nigeria to Boost West Africa’s Operations
Goddy Egene Deutsche Investitions-und Entwicklungsgesellschaft(DEG), has now opened a representative office in Lagos to pool DEG’s activities in the West African region. DEG is a development finance institution(DFI) which offers customised advice and tailored financing solutions particularly to medium-sized enterprises. Speaking at the occasion, the Consul General of the Federal Republic of Germany in Lagos
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Tension in Some Kaduna Settlements Marked for Demolition
John Shiklam writes on the palpable tension in some settlements in Kaduna marked for demolition by the state Urban Planning Development Agency Some settlements within Kaduna metropolis seem to be living on borrowed terms following plans by the Kaduna State Urban Planning Development Agency (KASUPDA) to demolish houses allegedly built illegally on government layouts. The
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Buhari Inherited $63bn Debt, BMO Tells Atiku
The Buhari Media Organisation (BMO) has faulted former Vice President Atiku Abubakar’s assertion that President Muhammadu Buhari’s administration took more loans in the last three years than the preceding administrations did in 30 years. The group said the claim by the Peoples Democratic Party (PDP) presidential candidate in the 2019 general election was a co-mixture
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Security of Nigerians Not Negotiable, Buhari Restates
•DSS raises the alarm on destabilisation plot Kingsley Nwezeh in Abuja and John Shiklam in Kaduna President Muhammadu Buhari yesterday reiterated his administration’s resolve to do everything within its constitutional power to ensure the security and safety of Nigerians. The president spoke on a day the Department of State Services (DSS) raised the alarm that
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FG Laments High Oil Production Cost
•Says it’s threat to fiscal stability Emmanuel Addeh in Yenagoa The federal government yesterday expressed deep concern over the high cost of producing a barrel of crude oil and its attendant effects on the nation’s revenue. According to the government, Nigeria’s input into the production of a barrel of oil remains one of the highest
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CBN: Sectoral Interventions Save Nigeria N1.3tn Annual Import Bill
•NLC hails Emefiele, backs border closure James Emejo, Bamidele Famofoo, Nume Ekeghe in Owerri The Central Bank of Nigeria (CBN) has said its interventions in key sectors of the economy through its development finance role have saved the country a total of N1.3 trillion annually on import bill. The Deputy Governor, Corporate Services Directorate, Central
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