archiveJuly 19, 2016

The NSE All Share Index (ASI) lost 245.34 points to close at 28,488.56 points compared to 71.55 points lost on Monday to close at 28,733.90 points, as its year-to-date returns closed at -0.54 per cent loss even as Market Capitalisation also dropped by N84.3 billion to close at N9.784 trillion...

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday declared that the strategic health of the country’s financial system was still strong. He also painted a gloomy picture of the sharp decline in the price of oil and commodity prices to the country’s economy. Emefiele spoke...

The International Monetary Fund (IMF) has said that it expects Nigeria’s economy to contract by 1.8 per cent this year as against its forecast in April that it would record an expansion of 2.3 per cent adding that a combination of factors such as plunging oil revenues and weakened investor...

Violating telcos risk N10m fine The Executive Vice Chairman of the Nigerian Communications Commission, (NCC) Prof. Umar Garba Danbatta has stated that from tomorrow, 20th July, telecommunications service providers must activate a “Do Not Disturb facility” for subscribers who do not want to receive unsolicited text messages, stressing that telecom...

Niyi Olaoye The United Bank of Africa UBA has become the card issuer for MasterCard in 18 markets in Africa, which enables the bank to issue MasterCard credit, debit and prepaid cards across these markets. The partnership will also focus on increased payments infrastructure across Africa, including the roll out...

Niyi Olaoye The naira fell further to N368 against the dollar at the parallel market Today (Tuesday), as the scarcity of foreign exchange continued to weigh on the value of the local currency at the interbank and parallel markets. It will be recalled that the Naira closed at N365 to...

Sokoto State government's plan to revitalise its leather industry received a boost when a team from the United Nations Industrial Development Organisation (UNIDO) began a seven-day assessment visit to the state. The team, under the organisation's Investment/Technology Promotion Office, will meet with stakeholders and other experts to map out strategies...

With several trillions of naira needed to provide adequate social infrastructures in the country, at a time of economic crunch, experts felt insurance industry can assist the government fund the infrastructural deficits in the country. ABDUL-KHALIQ OLALEKAN writes.   The decaying infrastructure and the need to repair and provide new...

  There is an anxiety that the Information Communications Technology (ICT) Tax Bill may threaten the 30 per cent broadband penetration target from its 10 per cent in Nigeria if it is passed into law. There has been a debate at the National Assembly over the passage of ICT tax...

The Federal Government has called on Nigerians to patronise `Made-in-Nigeria products’ to strengthen the economy and aid national development. Minister of Budget and National Planning, Senator Udoma Udo Udoma, made the appeal at the inauguration of the Joint Planning Committee (JPC) for the 22nd Nigerian Economic Summit (NES22) in Abuja...