archiveJune 2016

By ABDUL-KHALIQ OLALEKAN Guinea Insurance Plc (GI) recently sponsored Fitness Walk an initiative of the Chartered Insurance Institute of Nigeria (CIIN), in Lagos. The company hosted the pre-walk reception of the institute’s members at its Corporate Head-office premises at Jibowu, where the pre-walk aerobic exercise and health tips were conducted...

By Niyi Olaoye Financial experts in the country have called on Federal government of Nigeria to restore the license of Savannah Bank and allow them to re-open for operation saying that  the crisis that has bedeviled the  bank is political. Depositors of Savannah Bank recently called for the intervention of...

Ecobank Transnational Incorporation (ETI) has restated its determination to building a stronger and profitable financial institution. The Group Managing Director, ETI, Ade Ayeyemi who made this disclosure during the Bank's Facts Behind the Figures presentation at the Nigeria Stock Exchange (NSE) in Lagos on Friday, maintained that the pan African...

The Bankers’ Committee of the Central Bank of Nigeria (CBN) recently gave assurance that the rate of mass sacking in banks would be reduced within the shortest time possible. NIYI OLAOYE writes on the possibilities of actualizing these promises. Recently, there have been series of staff laying off in the...

By ABDUL-KHALIQ OLALEKAN A total of 37 listed companies on the Nigerian Stock Exchange (NSE) paid a sum of N95 million fines for late submission of their financial results for 2013, 2014 and 2015 to the Exchange can now reveal. A data sourced by Business247 from the NSE revealed that...

As the National Bureau of Statistics (NBS) prepares to release inflation figure for May 2016 next week according to its data release calendar, the Consumer Price Index (CPI) has been predicted to hit 14.7 per cent. The Economic Intelligence Group of Access Bank Plc in a report on Friday projected...

The recent increase in the pump price of Premium Motor Spirit (PMS), otherwise known as petrol to N145 per litre by the Federal Government has led to a reduction of sales of the product by about 40 per cent. The Chairman, Major Oil Marketers Association of Nigeria (MOMAN) and Group...

The Lagos Chamber of Commerce and Industry (LCCI),  is set to hold a Dialogue Session on Nigeria’s International Trade Relations aimed at examining the current status of the nation’s trade policies in line with the developments in the global economy. The dialogue session, according to LCCI, is scheduled to hold...

A turnover of 959.917 million shares worth N7.871 billion in 17,561 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.263 billion shares valued at N11.583 billion that exchanged hands last week in 17,434 deals. The Financial Services Industry (measured...

  Barely three days after the death of former Super Eagles Coach, Stephen Keshi, has another former coach of the same team and the current Technical Director of the senior national team, Amodu Shaibu died at 58. He was said to have died in his sleep early hours of today,...