archiveJune 2016

By ABDUL OLALEKAN Following the increasing poverty level in the country, leaving most people in the low income bracket, Executive Director of Leadway Assurance Plc, Ms. Adetola Adegbayi said, of the 80 million potential insurance customers, an estimation of about 55 million to 60 million are on low income bracket....

Former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Raymond Omatseye, who was convicted of contract scam has been granted bail in the sum of N500,000 on Monday by Justice Rita Ofili-Ajumogobia. The judge had on May 20, 2016 convicted Omatseye of severally awarding contracts above the threshold...

The full speech of former Nigerian president,  Dr Goodluck Jonathan at Bloomberg London today where he called for a Universal Bill of Rights for all Nigerians. “Civis Nigerianus Sum” – I am a citizen of Nigeria. A Speech by H.E. Dr. Goodluck Ebele Jonathan, Former President of the Federal Republic...

  Mid-cap companies on the main board of the Nigerian Stock Exchange (NSE), Caverton Offshore Support Group Plc   and University Press Plc led other companies to record highest share prices decline in May, Business247 checks have revealed. Caverton Offshore, a support and logistic company in May recorded a decline of...

The head of Muslim community in Nigeria and the Sultan of Sokoto,  Alhaji Sa’ad Abubakar, has announced the commencement of Ramadan from Monday the 6th of June, 2016. He made the announcement on Sunday night in Sokoto. This announcement was made after the moon had been reportedly sighted in parts...

The National Hajj Commission of Nigeria (NAHCON) has announced the 2016 Hajj fares in Northern and Southern Zones of the country. This is contained in a statement by Alhaji Uba Mana, Head of Media of NAHCON, in a statement at the weekend. According to him, “The Northern departure zones are:...

Unless urgent steps were taken by the Federal Government to tackle the growing power challenges in the country, some manufacturing firms might go under due to high cost of production. Managing Director of May & Baker Nigeria Plc, Nnamdi Okafor, who raised the fear during a media chart with Industry...

Former President of the Chartered Institute of Stockbrokers (CIS), Mr. Ariyo Olushekun, has requested of the Federal Government integrity over the plans to enact a law on injection of N6.5 billion idle funds into the capital market. He noted that the investment if properly executed would boost the nation’s economy...

The Federal Government has directed banks, insurance and financial institutions to suspend the on-going retrenchment in the sector. The Minister of Labour and Employment, Dr Chris Ngige in a statement he signed in Abuja on Friday and made available to newsmen. The minister in the statement said:  "following spate of...

Investors in equities on the Nigerian Stock Exchange (NSE) recorded a value depreciation of N435 billion in the four-day trading week as the Market Capitalization which opened the week at N9.926 trillion depreciated by 4.39 per cent to close N9.491 trillion even as All-Share Index closed at 27,634.42. It was...