archiveJuly 11, 2016

The International Monetary Fund (IMF) has said on Monday that the Nigerian economy “will probably” shrink in 2016, performing below the IMF forecast for the country. Speaking in Abuja, IMF resident representative in Nigeria, Gene Leon, said in Abuja that energy shortages and delayed budget weigh on output in the...

S&P Global Ratings has today come out to lower its long-term counterparty credit rating on Skye Bank Plc to 'CCC-' from 'CCC+' and affirmed its 'C' short-term counterparty credit rating on the bank. According to the rating agency, “We also lowered our long-and short-term Nigeria national scale ratings on the...

The Minister of Finance, Mrs. Kemi Adeosun on Monday expressed the determination of the current administration to lead in the reforms of a more vibrant Nigeria insurance market. The Minister in her opening remarks at the National Insurance Conference in Abuja explained that a developed and active insurance market would...

Mrs Theresa May is to become the UK’s prime minister on Wednesday evening – after the incumbent, Mr. David Cameron announced he would quit after Prime Minister’s Questions. According to BBC, speaking outside 10 Downing Street, Cameron said he would offer his resignation to the Queen on Wednesday afternoon at...

Five Nigerian ministers are in London for the Nigeria Trade and Investment Road Show holding from July 11 to July 15. The statement issued by the British High Commission, said that the Minister of Trade and Investment, Dr Okechukwu Enelamah, was leading the delegation. According to the statement other ministers...

DStv subscribers in the Lekki/Ajah area of Lagos had a chance to interact with MultiChoice representatives at the DStv customer forum which was held in Lagos. The forum, which is a regular customer engagement initiative by MultiChoice Nigeria, provides the opportunity for subscribers and the organisation to have face-to-face dialogues...

Global leading media buying agency, OMD, has once again proved to be an indomitable force as the company garnered more awards than any other agency network in its category at the recent 2016 Young Lions Media global competition held in Cannes, France. The agency clinched a total of 63 medals...

A total of 275.364 million shares were exchanged by investors in 4,865 deals with the attached value of N3.442 billion. Market capitalisation closed the day at N9.896 trillion while the market All-Share Index closed at 28,813.51 as against N9.910 trillion and 28,854.98 respectively on Friday, leaving  investors to share a...

The Federal Government plans to raise N120 billion about $424.78 million in local currency denominated bonds with maturities ranging between 5-year and 20-year on July 13,2016, the Debt Management Office (DMO) said on Monday. According to DMO in a notice, it said that it would raise 40 billion naira at...

Afenifere has reacted to the statement credited to the Vice-president of Nigeria, Prof Yemi Osinbajo (SAN), that the call for the restructuring of Nigeria would not make any difference. National Publicity Secretary of Afenifere, Mr. Yinka Odumakin in a press statement said that the Vice-President in the faux pas also...