In December 2016, the finance minister Mrs. Kemi Adeosun responded as follows in a text message to Reuters reporters that, “The CBN is working on the elimination of arbitrage.” Furthermore, Isaac Okorafor, CBN’s spokesperson, confirmed in a press statement that the bank was working towards “ensuring there is no black market,” see Punch 21/12/16.

The Nigerian Medical Association, NMA, yesterday, denied media reports of the sack of striking resident doctors, describing such as “mere threat.”

The Assistant Inspector-General, AIG, in charge of Police Zone 1, Kano, has detained a driver and four domestic staff of former Jigawa State Governor, Alhaji Sule Lamido, over alleged theft of N100 million.

This is because recession provides ample opportunity for the microfinance industry to grow their income and expand their scope. Managing Director/Chief Executive Officer, Ospoly Microfinance Bank, Mr. Femi Fapohunda, said these in a chat, stating: “The Microfinance sub sector are creative and want to change the turn of event, to do this, they must tap into the opportunities in the recession.

What is Ultisure? We took the brave decision about seven years ago to start gathering a team of very smart Nigerians to start developing applications. After seven years of development and research, we have a lot of products that are ready for the market. One of them is the Ultisure. Ultisure bridges a lot of gap in the insurance industry. Our intention is to make our customers happy and for them to leverage on our solutions to automate their businesses to make more money, better decisions and more profit at the end of the day.

Still crystal gazing on 2017 at the backdrop of bearish stock sentiments in the first three weeks of trading, investment analysts are yet to be conclusive on the outlook for the current year.

It is sad that in 2017, one has to repeat the same warnings to those with investments on the Nigerian Stock Exchange, NSE. For three or four years in a row, it has been in steady decline. Yet some people still place their funds in it or leave them there. Last year, investors lost over N1 trillion on the aggregate. They are set to lose more in 2017. but first read a previous warning. Then we meet again next week.

We bring to you the performance of Nigerian players for their respective teams after the latest round of games in Europe.

INDICATIONS have emerged that a plane belonging to the National Leader of All Progressives Congress ,APC, Asiwaju Bola Tinubu was used to fly ex-Gambian President, Mr. Yahaya Jammeh out of the country.

Former Senate President, Ken Nnamani, has disclosed that he joined the All Progressives Congress, APC, because the party is incumbent.

The Small and Medium Enterprises, SMEs, are not attracted to list on the Nigerian Stock Exchange, NSE for a number of reasons. Firstly, many of them do not have adequate capital base and structure that will attract investors to invest in them. Secondly, many of the SMEs are struggling with the economic recession and harsh operating environment which had made it difficult for them to breakeven let alone declaring profit.

Two weeks ago, the federal government sacked the Executive Secretary of Financial Reporting Council of Nigeria, FRC, Mr. Jim Obazee, and the entire Council’s Board over issues associated with the FRC’s new Code of Corporate Governance, now suspended.

The drop in Foreign Portfolio Investment (FPI) is closely linked to foreign investors perception of our policy response to dwindling oil revenues in the last two years (caused both by falling price of the product as well as reduced production). Areas of concern for foreign portfolio investors range from our foreign exchange policy and its implementation as it affects ease of exit, the state of our foreign reserves and general sense of our willingness to deal pragmatically with our changing fortunes.

THE South-East Senate caucus, yesterday, condemned the alleged killing of unarmed members of Indigenous People of Biafra, IPOB, said to be holding a pro-Trump rally in Port Harcourt, Rivers State by members of security agencies.

The Securities and Exchange Commission, SEC has set up a committee to fix the deadline for account consolidation by investors who have multiple accounts which were part of the reasons why unclaimed dividend had risen to over N80 billion.