archiveJuly 4, 2016

Market transactions on the Nigeria Stock Exchange (NSE) opened the week weak on Monday as investors recorded a loss of N104 billion. The Exchange All Share Index and the Market Capitalization decreased by 1.04 percent while the Year-to-Date return stood at 1.26 percent. The All Share Index closed at 29,002.06...

ABDUL-KHALIQ OLALEKAN The Lagos State Government, through the Lagos State Pension Commission (LASPEC)  has paid N896 million as pension entitlement for the month of June, 2016 to 256 retirees of the state civil service. The money which was paid through Retirement Benefit Bond Certificates, to benefiting retirees from the Mainstream...

Oando Plc has announced a $210 million recapitalization of its downstream operations by HV Investments II B.V., (HVI), a joint venture owned by Helios Investment Partners (Helios), a premier Africa-focused private investment firm and the Vitol Group (Vitol), the world’s largest independent trader of energy commodities As a result of...

Lekki Gardens Limited, Nigeria’s leading private real estate development company has empowered the survivors of the unfortunate March 8, 2016 building collapse with the presentation of tricycles and cash support for the 11 survivors. Lekki Gardens Limited presented the new tricycle worth over half a million naira and fifty thousand...

President Muhammadu Buhari has sacked Emmanuel Ibe Kachikwu as the group Managing Director of the Nigerian National Petroleum Corporation (NNPC) and replaced him with Maikanti Baru. In a press statement issued today in Abuja, the president office stated that Kachikwu as the minister for State for Petroleum will now be...

Nigeria Customs Service Board (NCSB), had dragged six persons  to court over  conspiracy, forgery and counterfeiting. The accused were arraigned in 2013 with a five-count charge before Hon. Justice Musa, H. Kurya of the Federal High Court in Lagos and they were sentenced to 10 years imprisonment by the   court...

... Shareholders express concern Niyi Olaoye Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefelie has announced the dissolution of the board and management cadres of Skye Bank of Nigeria Plc by the apex bank over an estimated non-performing loan portfolio of N700bn, which is due to an...

...the meeting not for publicity - Onaiyekan ...we've no hand in it, says Mbang A group of Christians under the aegis of Christ Redeemers Union (CRU) have raised the alarm that two ex-Presidents of the Christian Association of Nigeria (CAN), have formed a powerful bloc to frustrate the inauguration of ...

The Nigeria Civil Aviation Authority (NCAA) has ordered all airlines selling flight tickets in dollars to desist forthwith, describing the action as a flagrant contravention of Central Bank of Nigeria's (CBN) "prerequisite guiding cost of products or services in Nigeria." The agency which said it had already written to the...

Following a directive of Nigerian Communications Commission (NCC) to telecommunications service providers NCC on Friday activated the ‘Do not disturb’ facility, which gives subscribers the freedom to choose what messages to receive r reject from the various networks. The NCC said on Sunday that it had mandated the operators to...