archiveAugust 2016

Shareholders of underwriting firms in the country have charged underwriters to adopt a successive plan in their respective companies, such that most directors don’t have to retire at the same time on the board. This development, they said, could negatively affect the fortune of the concerned insurers, stating that a...

The Federal Government of Nigeria has described as untrue the US government claim that over 20 states in the country unsafe for its citizens. Minister of Information and Culture, Alhaji Lai Mohammed, who spoke while receiving a delegation from the Association of Tourism Practitioners of Nigeria in Abuja on Thursday,...

The Cross River State Governor, Professor Ben Ayade, has stated that the proposed Calabar deep seaport would be completed on schedule by his administration. He made the promise when he hosted the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, who paid him a courtesy call in...

  Governor Seriake Dickson of Bayelsa State has called on media practitioners in the country to join civil society groups and other well meaning Nigerians in condemning politicians, who undermine national institutions, particularly the Nigerian Judiciary to subvert justice against the will of the people. Governor Dickson made the call...

Despite that the bation’s economy and the banking industry are struggling with fiscal and monetary challenges that saw inflation and foreign exchange at their worst in many years, Zenith Bank Plc has announced a profit before tax of N63 billion in audited results for the half year ended June 30,...

  The claim that South Africa has overtaken Nigeria as the largest economy in Africa has been debunked by Alhaji Aliko Dangote, Africa’s richest man and president of Dangote Group, stressing that Nigeria remains the number one economy in Africa. Speaking during the 2016 Presidential Policy Dialogue session organised by...

  ...Charges them on healthy work attitude As part of efforts at repositioning the government for effective service delivery and increase productivity, Bayelsa State Government has sworn in four commissioners and seven permanent secretaries, bringing the number of the State Executive Council members to 18. In his charge to the...

The Naira on Thursday appreciated against the dollar at the parallel market, Business247 News Online reports. The Nigerian currency on Thursday afternoon gained 4 points to change at N390 to the dollar, from N394 it traded on Wednesday, representing an appreciation of 1.14 per cent. The currency also hedged against...

After a day respite, the Nigerian Stock Exchange (NSE) reverted to the negative territory on Thursday as the Market All-Share Index and Market Capitalisation which closed at 27,421.83 basis points and N9.418 trillion respectively in the previous day’s trading ended on Thursday at 27,280.95 basis points and N9.370 trillion respectively,...

The Nigerian Stock Exchange (NSE) has reduced the listing and trading fees for securities listed and traded on its Fixed Income Market. According to a press statement from the Exchange, the revised fee structure which is effective from August 17, 2016, will be piloted for an initial six-month period, and...