archiveJune 2016

The Debt Management Office (DMO) has said that Nigeria plans to raise 105 billion naira ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15,. According to a report of Reuters monitored by Business247, the DMO said it will raise 50 billion naira from...

 The Bank of Industry (BoI) said it has disbursed N95 billion to 400 enterprises in the first half of 2016. This is line with its commitments to rev up its operations in support of Federal Government's policies and programmes as well as those of state governments partnering with the bank....

Former Goa Chief Minister (CM) Ravi S Naik on Tuesday demanded the Centre to ban the Nigerians from entering India while alleging that they indulge in illegal activities. He further stated that if Nigerians come to India to study then the government should keep a strict watch on them. According...

By Wole Tokede Despite the recent order by the Minister of Labour and Productivity, Dr. Chris Ngige, against ongoing unbridled retrenchment exercise in the banking industry and other financial institutions, Skye Bank Plc on Monday sacked 175 of its workers. The bank in a statement confirmed the development and explained...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.13 per cent , while the Year-to-Date return stood at -3.64 per cent, as investors even as the market made a loss of N12 billion. The All Share Index closed at 27,599.48 against the previous...

A new date of 2nd- 4th August, 2016 has been announced for the maiden Venture Capital Advocacy Summit at the Eko Hotel, Victoria Island, Lagos, Nigeria, that will bring together all the critical elements that could facilitate the entrenchment of the venture capital culture in the country. According to a...

Niyi Olaoye Head, Association of Chartered Certified Accountants (ACCA) Nigeria Country representative, Toyin Ademola said that the institute has recently revolutionized accountant’s role with finance professionals becoming leaders, trusted expert counsel and key strategic advisers to organizations whether in the public or private sectors. To define what the 2016 finance...

By  Niyi Olaoye The Central Bank of Nigeria (CBN) has said that instant money transfers through the Deposit Money Banks (DMBs) have grown to N10 trillion as at February, 2016. At a one-day interactive enlightenment session with stakeholders held in Lagos over the weekend, the apex bank said  that through...

  By ABDUL OLALEKAN An Abuja-based Premium Pension Limited has won the 2015 BusinessToday Online Pension Company of the Year award. The award, which took place in Ikeja, Lagos saw the company winning the prestigious award for the first time. Speaking on the award, the MD/CEO of BusinessToday Online, Ms...

By ABDUL OLALEKAN Following the recent sale of International Energy Insurance (IEI) Ghana to Heritage Bank, IEI Plc has said, such development will not affect its operation in Nigeria. IEI is a Nigeria insurance firm, with special interest in underwriting of oil and gas businesses. When it was announced a...