FX turnover declines by 48.73% as Naira maintains stability 

The foreign exchange daily turnover declined by 48.73 percent to $105.05 million on Friday from $204.90 million recorded on Thursday at the Investors and Exporters (I&E) forex window. The I&E FX market remained subdued with stable trade volumes due to low system liquidity according to analysts at FSDH research. Naira remained stable at N386.00 per dollar after trading on…

Ebonyi governor, aides test positive for COVID-19

Governor of Ebonyi State, David Umahi, has tested positive for the coronavirus disease. Confirming this in a statement personally signed by him, the governor noted that he and some of his close aides tested positive for the virus. Umahi had, during the swearing–in of his new appointees on Thursday, said that he was expecting his second result of the Covid-19 test and would hand over the affairs of the state to his deputy if he tested positive for the virus. He explained…

Abia governor, Ikpeazu, recovers from COVID-19

Governor Okezie Ikpeazu of Abia State has recovered from coronavirus, the state government said in a statement on Saturday. The governor, whose positive status for the virus was announced on June 8, has now tested positive after 26 days. John Okiyi Kalu, the state’s commissioner for information, said the governor’s samples submitted on Thursday returned negative on Friday.   “To the glory…

Imo government plans migration to contributory pensions scheme

Imo State governor, Hope Uzodimma, has set in motion the process of integrating Imo pensioners into the National Contributory Pensions Scheme as a way of enhancing good governance. Governor Uzodimma gave this indication on Friday in a meeting with the leadership of Nigerian Union of Pensioners (NUP) in Imo State at the Executive Council Chambers, Government House, Owerri. During the…

Nigerian British professionals urge holistic approach to tackling nation’s infrastructure deficits

The Nigerian Global Business Forum, a group of leading Nigerian professionals in Britain, has stressed the need for a holistic and broad-based approach to addressing infrastructure deficits in the country.   The professionals under the auspices of Nigerian British Business Forum and the Nigerian British Infrastructure Group came together recently to deliberate on the role…

Court jails Union Bank hackers over N2.5bn fraud

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal office, has secured the conviction of one Abass Mohammed and a Bureau De Change (BDC) operator, Ibrahim Saidu Jogal, who connived to hack into the Flexcube database of Union Bank and defrauded the bank of N2,550,000,000 (Two billion Five hundred and Fifty Million Naira).   According…