archiveJune 2016

Annual inflation in Ghana increased to 18.9 percent in May of 2016 from 18.7 percent in April. The rise of 0.2 per cent is said to be mostly due to a 5 per cent jump in cost of fuel early in the month. Food and housing and utilities which were...

MTN Group will more than double capital spending in Nigeria in the 2016 fiscal year, it said, days after agreeing to pay a heavily reduced penalty to settle a regulatory dispute in the country. The company, according to the information on its website, will spend 11.1 billion rand ($726.13 million)...

States in the federation have been advised to see Internal Generate Revenue (IGR) beyond the traditional confines of taxes, licences and fees and instead each should identify their areas of comparative advantage. Minister for Finance, Mrs Kemi Adeosun who gave the advice in Abuja today in her welcome address at...

The Federal Government has declared that it would soon make a declaration on the complaints by Nigerians on the use of Genetically Modified Organisms (GMOs) in the country. ‎ The GMO is an organism whose genetic material has been altered using genetic engineering ‎techniques to achieve a certain result. Genetic...

By ABDUL- KHALIQ OLALEKAN The insurance industry regulator, the National Insurance Commission, (NAICOM) is set to create additional insurance distribution channels to increase insurance penetration in the country. Commissioner for Insurance, Alhaji Mohammed Kari, who stated this at the 2016 Annual Chief Executive Officers retreat of the Nigerian Council of...

By ABDUL-KHALIQ OLALEKAN The Executive Governor of Osun State, Ogbeni Rauf Aregbesola, has charged insurance operators in the country to deploy resources at their disposal to facilitate quick recovery of Nigeria’s economy. The Governor, who lamented the state of Nigeria’s economy, tasked the leaderships of Nigerian Council of Registered Insurance...

The Nigerian Stock Exchange (NSE) has sanctioned Ecobank Transnational Incorporated and First Bank of Nigeria Plc a total sum of N600,000 in 2015. Both companies were sanctioned on the backdrop of failure to filed their December 31, 2015 audited financial statements after the regulatory due date. For the same offence,...

Nigerian Breweries led the losers on the Nigerian Stock Exchange (NSE) on Tuesday as it was marked down by N3.03 to close at N128.00 from the value of N131.03 with which it started the day transaction. A total of  170.69 shares valued at N2.43 billion was recorded in today’s transaction...

By  Wole Tokede National Bureau of Statistics (NBS) has disclosed that inflation in the country stood at 15.6 per cent for the month of May. The statistics for the month released today shows that the rise in the headline consumer price index, which measures inflation, accelerated by 1.9 points from...

The President of National Cashew Association of Nigeria (NCAN), Tola Faseru, has said that cashew export generated N50.4billion (about $253 million) in foreign exchange for the country in 2015. He revealed this on Monday, during the cashew planting season flag-off and roll out of Cashew Expansion Programme of the Federal...