archiveAugust 23, 2016

The Central Bank of Nigeria (CBN) has banned nine deposit money banks (DMBs) from the foreign exchange market for allegedly hiding over $2 billion said to belong to the Nigerian National Petroleum Corporation (NNPC). President Muhammadu Buhari last year began the implementation of Treasury Single Account (TSA) that mandated public...

Japan International Cooperation Agency (JICA) has donated solar power worth $9.7 million to the Federal Government to boost electricity in the country. Japanese Ambassador to Nigeria, Mr Sadanobu Kusaoke, disclosed this in Abuja on Tuesday during the inauguration of the project. Following successful tests on the installed solar system, the...

The Securities and Exchange Commission (SEC) is proposing that unclaimed dividend of 12 years and above   be transferred into Nigerian Capital Market Development Fund (NCMDF). The apex capital market regulator body is also proposing that companies and registrars shall not later than 30 days after the end of every calendar...

The La Casera Company Plc has been commended for maintaining a high quality standard in the production of its beverages and full compliance with NAFDAC, MAN and SON's regulations regarding food and beverage manufacturing processes. In his keynote address, the Managing Director of the La Casera Company, Mr. Roland Ebelt,...

Investors on the Nigerian Stock Exchange (NSE) traded 182.247 million shares valued at N2.934 billion in 3,113 deals on Tuesday. The market All-Share Index and market Capitalisation closed at 27,810.28 basis point and N9.551 trillion respectively as against 27,812.06 and ₦9.552 trillion recorded on Monday. The market can be said...

  The Joint Admissions and Matriculations Board (JAMB) has said that it would not interfere with the list of candidates sent by institutions for the 2016 admissions, either by addition or removing of names. The organisation which said it was committed to ensuring that admissions are concluded before or by...

Amidst macro economy challenges, total of six Deposit Money Banks (DBMs) have reported a N33.9 billion decline in profit after tax. According to data gathered by Business247 News Online, the six financial institutions profit for the half year (H1) ended June 30, 2016 dropped by nearly 28 per cent. These...

The Chartered Institute of Bankers of Nigeria (CIBN) has inducted total of 812 graduates into the professional banking career. The institute which held its 2016 graduates induction and prize awards day with the theme: 'Starting Up the Right Way: Attracting Investment to your Fledgling Business’, recently inducted 812 graduates comprising...

The Federal Government has been told that  the country’s battle against Boko Haram will only succeed if it tackles the reasons why people join Islamist militant groups and if the government and its military gain people's trust. United State Secretary of State John Kerry who is on visit to Nigeria...

Nigeria’s tourism and hospitality industry might overtake the downstream sector by 2021 if the recently launched African Union (AU) passport is adopted by the country’s legislators. The Country Manager of Jumia Travel Nigeria, Mr. Kushal Dutta said the Pan-African Passport will allow free movement of domestic tourists into the country....