archiveJune 2016

  Oluwaseye Tokede The Federal Government said it has recovered more than N126.5 billion ($10.3bn) in looted cash and assets between May 29, 2015 and May 25, 2016. The Minister of Information and Culture, Alhaji Lai Mohammed, revealed this in a press statement on Saturday. He disclosed that government was...

By ABDUL OLALEKAN 275 retirees of the Lagos State civil service have received N1.002 billion as their pension entitlement for the month of May, 2016. To this end, the benefiting retirees were recently presented their Retirement Benefit Bond Certificates by the Lagos State Pension Commission (LASPEC) in Alausa, Ikeja, Lagos...

By Wole Tokede As part of efforts at fulfilling its electioneering campaign promises, Lagos State Chapter of the Institute of Chartered Secretaries and Administrators of Nigeria  (ICSAN) held its maiden Business Meeting and Members Forum in Lagos on Thursday. In her welcome address, Chairman of the Chapter, Mrs. Abiola Laseinde...

The Nigerian Stock Exchange has received the “Corporate Achievement Award to a Financial Institution” at the inaugural annual Financial Literacy Excellence (FILEX) Awards. According to a press release by the Exchange, the award which is aimed at celebrating and recognizing leadership and innovations that promote financial literacy in Nigeria was...

The Nigerian Stock Exchange (NSE) Banking Index set a new record last week after appreciating by 12.61 per cent year-till-date (ytd) on the trail of Central Bank of Nigeria’s (CBN) plan to introduce a flexible foreign exchange (FX) policy. Investigation by Business247 correspondent revealed that Banking Index had remained on...

By Niyi Olaoye The Trade Union Congress of Nigeria (TUC) said it will acquire 57 per cent stake of Unity Bank Plc and become the major shareholder of the bank very soon. President of the congress, Comrade Bala Kaigama, gave this hint while speaking at the 10th Triennial National Delegates...

By Niyi olaoye Nigeria has recorded a negative trade balance in the first quarter of 2016 which stood at 22.6 per cent lower than the preceding quarter. This was recently released by the National Bureau of statistics (NBS) in a contained document “Foreign Trade Statistics for the First Quarter of...

  By Niyi Olaoye Ahead of the release of modalities for the implementation of the adopted flexible exchange rate policy by the Central Bank of Nigeria (CBN), the interbank market has already appreciated to N290 to the dollar on Friday. This was sequel to increased perception that CBN has withdrawn...

State Department in the USA has said that 74 per cent of all deaths due to terrorism in 2015 took place in Nigeria, Afghanistan, Iraq, Pakistan or Syria. The report also revealed that the number of terrorist attacks and the number of people killed by acts of terrorism worldwide declined...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 1.66 per cent translating to value addition of N155 billion for investors in equities on the Exchange, while the Year-to-Date return stood at -3.52 per cent. The All Share Index closed at 27,634.48 against the...