PM News Nigeria


Naira stable against dollar as CBN meets over economy

The Naira on Monday remained stable at the parallel market. The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value as at Friday. Also, the naira maintained N495 to the Pound Sterling, but weakened further against the Euro, exchanging for N415, from N407 posted on Friday […]

Dogara to ring bell at Nigerian Stock Exchange on Friday

Speaker, House of Representatives, Mr Yakubu Dogara will on Friday ring the bell at the Nigerian Stock Exchange (NSE) in Lagos. A statement issued by the Speaker’s Special Adviser on Media and Public Affairs, Mr Turaki Hassan, said that Dogara would ring the bell to close activities on the floor of the exchange by 2p.m. […]

Pound sinks to a 31-year low as Britain quits EU

The pound collapsed to a 31-year low and there was pandemonium on currency, equity and oil markets Friday as Britain voted to leave the European Union, fuelling a wave of global uncertainty. Sterling crashed 10 percent to $1.3229 at one point, its weakest level since 1985, while the greenback itself slumped below 100 yen for […]

Nigeria’s Inflation hits 15.6 % in May – NBS

The National Bureau of Statistics (NBS), on Tuesday, said the Consumer Price Index (CPI) increased to 15.6 percent in May from 13. 7 percent in April. A report released by the NBS in Abuja said that the CPI, which measures inflation, recorded a relatively strong increase for the fourth consecutive month. The report said that […]

SEC bans BGL Managing Director, deputy from capital market activities

The Securities and Exchange Commission (SEC) on Thursday banned Mr Albert Okumagba, BGL Managing Director and his deputy, Mr Chibundu Edozie, from participating in capital market activities for 20 years. This is contained in a circular posted on the commission’s web site. The circular is entitled “SEC Administrative Proceedings Committee (APC) gives its decision on […]

Lagos swimming in money

The Lagos State Government has recorded a total revenue of N101.69 billion in the first quarter of the 2016 budget with a surplus of N4.85bn as against an expected deficit of N29.92bn. The state Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade who disclosed this during a briefing at Alausa, Ikeja, to commemorate the […]

NSE market capitalisation drops N22bn

Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a negative trend with the market capitalisation dropping by N22 billion. Market capitalisation which opened at N8.50 trillion lost N22 billion or 0.26 per cent to close at N8.48 trillion. Similarly, All-Share Index lost 66.75 points or 0.27 per cent to close at 24,652.52 […]



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