archiveJuly 21, 2016

  Senator Adamu Aliero, Chairman Senate Committee on Aviation Senator Hope Uzodinma, Chairman, Senate Committee on Customs Senator Oluremi Tinubu, Chairman, Senate Committee on Environment Senator Kabiru Marafa, Chairman, Senate Committee on Downstream Petroleum Senator Jibrin Barau, Chairman, Senate Committee on Tertiary Institutions and TETFUND Senator Binta Marsi Garba, Chairman,...

…Declares N1.00 dividend in 2016 Despite the macro economy challenges in 2016, Flour Mills of Nigeria (FMN) Plc has announced an impressive growth in profit and loss figures with profit for the year increasing by 70 per cent. The flour producing company shows that its Group profit after tax closed...

The Chief Executive Officer, Unity Kapital Assurance, Mr. Michael Dogo, has been asked to resign by board and management of the company. A source at the company’ Annual General Meeting (AGM) in Abuja yesterday told Business247 News Online that the board had forced the former Unity Kapital Assurance boss to...

Says FG releases N248bn to tackle infrastructure deficit Expresses confidence in the direction of economy The Minister of Finance, Mrs Kemi Adeosun, on Thursday said that the Federal Government has disbursed N247.98 billon as capital release so far this year stressing the need for all to patronise made-in-Nigeria products to...

From N9.692 trillion on Wednesday, Market Capitalisation of the Nigerian Stock Exchange (NSE) closed at N9.615 trillion on Thursday as investors recorded value devaluation of N77 billion even as the market All-Share Index which closed at 28,221.18 basis points  on Wednesday came down to 27,997.29 basis points. Investors traded a...

Northern Christians, on Thursday debunked flying insinuation that all Christians in the northern part of the country are pulling out of the Christian Association of Nigeria (CAN) over controversy that trailed the just concluded election into CAN-Presidency. But the 19 Northern States and the Federal Capital Territory (FCT) reiterated that...

Minister of Finance, Mrs Kemi Adeosun, on Thursday assured Nigerians that the nation would only face a short recession if the nation’s economy contracts again in the second quarter as the removal of fuel subsidies and policies to lower dependency on oil will pay off. It would be recalled that...

Says there’s no plan to sell Skye Bank The Central Bank of Nigeria (CBN) has provided a loan to Skye Bank Plc to boost its liquidity after the lender breached requirements on capital and lending. The short-term lending facility will allow new management to “ensure that some withdrawals it suffered...

  Fidelity Bank Plc, one of the country’s most diversified financial institutions, has been adjudged the “Best Green Partner 2015” by the Lagos State Government at the recently concluded 2016 Tree Planting Day. The organisers of the event said that the bank was given the award in recognition of its...

The Senate has decried the current cash call indebtedness of Nigeria National Petroleum Corporation (NNPC) Joint Venture, which has risen to over $6 billion (about N1.8 trillion). It also noted that the issue had become a huge problem staring the nation’s economy in the face. According to the Senate, investigation...