archiveMay 27, 2016

United Airlines 787 Dreamliner has resolved to stop flying to Nigeria in June, a move that will end the carrier’s only route to Africa. In a memo to employees, the airlines cited poor financial performance and weakness in the energy sector for ending the route. Both Houston and Lagos are...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.09 per cent, while the Year-to-Date return stood at 0.91 per cent even as investors gained N8 billion. The All Share Index closed at 28,902.25 against the previous close of 28,877.47 while Market Capitalization closed...

Niyi jacobs Some top management staff of Sterling Bank Plc recently joined the Displayed Persons (IDPs camp) in Jos, the Plateau State for the celebration of the 2016 Children Day It was all smiles for children at the Internally Displayed Persons (IDPs camp) in Jos, the Plateau State Capital as...

Niyi Jacobs Guaranty Trust Bank plc has been named the “2016 Most Innovative Bank in Africa” by African Banker Magazine at the prestigious African Banker Awards which took place on the sidelines of the AfDB annual meeting in Zambia recently. Now in its 10th year, The African Banker Awards is...

Niyi Jacobs The Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo, disclosed that the nation’s tax revenue rate to the Nigeria Gross Domestic Product (GDP) is less than 7 percent. Speaking at the breakfast meeting for business editors and investment journalists organized by the DMO over the weekend, Nwankwo, noted...

President Muhammadu Buhari has approved the audit of the maritime sector to ascertain why it has not been making the desired progress. This was contained in the statement issued by the Ministry of Transportation signed by the Director of Press and Public Affairs of the Ministry, Mrs Yetunde Sonaike. It...

Securities and Exchange Commission (SEC) has banned the Managing Director of BGL Securities Limited, Mr.  Albert Okumagba, ​ from further participation in capital market activities in the country for 20 years​ ​ for market rules infractions. Okumagba was banned along with Mr Peter Adebola, both of whom were in addition...

Jose Mourinho who has just been confirmed as Man United manager will earn £10m a year, three-year contract. This is double the £5m-a-year salary paid to Van Gaal, his predecessor. The former Porto, Real Madrid and Inter Milan coach, whose second spell in charge at Chelsea ended with him being...