archiveJuly 2016

Equity trading on the Nigerian Stock Exchange (NSE) closed the trading week this Friday on the negative territory it has been operating for the better part of the week as investors recorded a loss  of N101 billion leaving the market capitalisation to close at N10.064 trillion from N10.165 trillion it...

Niyi Olaoye Following the United Kingdom’s surprise vote to leave the European Union (EU), financial experts in Nigeria have said that the Britain’s decision to leave the EU could have a negative consequences on Nigerian economy considering its strong economic ties with Britain, as a member of the British Commonwealth....

The Federal Government has signed a contract agreement with the China Civil Engineering Construction Corporation (CCECC) on the construction of the Lagos-Calabar Coastal Railway project. The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi who signed on behalf of the Federal Government of Nigeria, said that the contract  was  an...

Ethiopian Airlines has introduced the new addition to its fleet aeroplanes, newest aircraft in the world, Airbus A350, to the Nigerian route. Lagos and Dubai are the first stations to receive the newest aircraft, the airline stated. The airline said in a statement: "Ethiopian is pleased to make all Africans...

Oando Plc has announced audited results for the twelve-month period ended December 31, 2015, with a loss of N49.7 billion The leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, had reported a loss of N145.7 billion in the prior financial results. The company also reported...

  Members of the National Youth Service Corps (NYSC) who have good entrepreneurial skills are now given the opportunity of benefiting from the N2.5 billion loans provided by the Central Bank of Nigeria (CBN). According to CBN, the loan is part of the N220 billion set aside for the Small...

  * MTN hired ex-U.S. attorney general to help reach settlement   * Company struck deal that saw $3.9bln fine more than halved It has been revealed in a very comprehensive details how MTN, the nation’s  telecommunications giant,  was able to wangle its way out and reduced the fine imposed...

  The 8th edition of the Nigerian Breweries’ Golden Pen Awards has opened with the promise to celebrate and reward winners. Kufre Ekanem, Nigerian Breweries Corporate Affairs Adviser, who explained to newsmen at the media parley to announce this year’s edition of the awards said it will reward journalists in...