archiveMay 2016

Niyi Jacobs Speculations are rife amongst investors and financial experts that the Federal Government may soon devalue the naira even as the Central Bank of Nigeria, (CBN) is scheduled to hold its Monetary Policy Committee (MPC) meeting on the 23rd and 24th of May, 2016. Devaluation talks had been put...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.99 per cent, while the Year-to-Date return stood at -5.64 per cent as the market added  N91bn. The All Share Index closed at 27,028.24 against the previous close of 26,763.86 while Market Capitalization closed at...

EgyptAir flight MS804 carrying 66 people has been confirmed crashed. French President, Francois Hollande, who confirmed that the missing plane has actually crashed, said nothing could be ruled out as to the reason why. Reports have it that the president said: “The information we have gathered - ministers, members of...

Global output growth remained weak in the second half of 2015 as evidenced by the decline in projected output growth to 3.1 per cent, lower than the 3.4 per cent recorded in 2014. The decline was attributed to the general slowdown in economic activities in emerging markets and developing economies,...

Plans by the country to export about 800,000 barrels per day Bonny Light and Qua Iboe grade in May and June have been hampered by breaching of Shell’s Trans Forcados pipeline, Chevron and Exxon Mobile export line. Nigeria deferred at least seven Escravos cargoes scheduled to load in May and...

By ABDUL OLALEKAN Despite the clamour for fund by the federal and some state governments to fix infrastructural deficits in the country, States and Federal Government have yet to utilise N1.06 trillion set aside for infrastructure finance in the N5.3 trillion pension funds, Business 247 can authoritatively reveal. The financial...

By our Correspondent The country hopes to use a proposed Islamic bonds issuance programme to help fund big infrastructure needs, aiming to tie the transaction to one of several projects, a Nigerian finance official told Reuters. According to the report by Reuters, Nigeria plans to borrow as much as $10...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization appreciated by 0.41 per cent, while the Year-to-Date return stood at -6.56. The market recorded a gain of N19 billion in the day trading. The All Share Index closed at 26,763.86 against the previous close of 26,655.48...

Nigeria recorded at trade deficit of $801 million euro with the European countries in the last one year. It was learnt that agricultural products valued at N96.05 billion (419 million euro) were exported to some Europe countries from Nigeria in 2015, leading to a trade deficit of 801million euro. The...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.61 per cent, while the Year-to-Date return stood at -6.94 per cent even as the investors recorded value erosion of N56 billion in the day trading. The All Share Index closed at 26,655.48 against the...