CBN reverses OMO restriction, opens market to local investors

CBN reverses OMO restriction, opens market to local investors

•Lifts suspension on Tenored Repo •Retains control over scale, timing of OMO By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday reversed its seven years restriction on participation of local investors in Open Market Operations, OMO, opening the market to individuals, corporates and non-bank financial institutions. The restriction was introduced in 2019, in a bid to […]
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Vanguard Visit: Rising Costs Force Airlines to Dip Into Reserves, Shareholders’ Funds — UNA says

Vanguard Visit: Rising Costs Force Airlines to Dip Into Reserves, Shareholders’ Funds — UNA says

VISIT–– from left: Head, Subscriptions, Vanguard Newspapers, Mrs Ngozi Ogbere; Manager, Corporate Affairs, Vanguard Newspapers, Mrs Funmi Ajumobi; Chief Commercial Officer, United Nigeria Airlines, Mr Adedayo Olawuyi; Managing Director, United Nigeria Airlines, Mazi Osita Okonkwo, Group Advert Manager, Vanguard Newspapers, Mr Adebowale Ojo; Manager, Corporate Affairs, United Nigeria, Mrs Chinelo Obogo; and Aviation Correspondent, Vanguard Newspapers, Mr Dickson Omobola, during a courtesry visit by Vanguard Newspapers team to United Nigeria Airline office in Ikeja, Lagos on Tuesday.
Photo: Lamidi Bamidele, Photo Editor

Osun election: Salaam urges supporters to remain peaceful, vote ADC

Osun election: Salaam urges supporters to remain peaceful, vote ADC

The governorship candidate of the African Democratic Congress (ADC) in Osun State, Najeem Salaam, has urged his supporters and residents of the state to remain peaceful and law-abiding as campaign activities end ahead of Saturday’s governorship election. Salaam, in a statement issued as campaign activities officially came to an end, urged his supporters not to […]

PTA teachers to rescue?

PTA teachers to rescue?

Henry and teachers like him, dubbed PTA Teachers, have somehow become the backbone of the teaching staff in almost all unity colleges in the country

Peace in Niger Delta, pipeline protection key to $50b offshore investments – Stakeholders

Peace in Niger Delta, pipeline protection key to $50b offshore investments – Stakeholders

By Emeka Anaeto, Business Editor Nigeria’s upstream oil and gas sector is projected to attract between $30 billion and $50 billion in offshore investments between 2026 and 2030, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Commission said the investment pipeline will be driven by 22 major offshore projects expected to boost crude […]

Plateau North Backs Mutfwang’s Second Term, Rejects Kefas’ One-Term Agenda

Plateau North Backs Mutfwang’s Second Term, Rejects Kefas’ One-Term Agenda

A group operating under the aegis of the Plateau North Coalition has rejected the proposed one-term agenda by Kefas Ropshik of the Peoples Democratic Party (PDP), and endorsed Governor Caleb Manasseh Mutfwang for a second term in 2027. The group said its position was aimed at ensuring the smooth running of governance and maintaining the […]