archiveAugust 2016

After some sessions of losses, respite somehow came the way of investors on the Nigerian Stock Exchange (NSE) on Wednesday as they were able to recoup some losses. The market All-Share Index and Market Capitalisation which closed at 27,272.14 basis points and N9.367 trillion on Tuesday rose to 27,421.83 basis...

The Equipment Leasing Association of Nigeria (ELAN) has called on the Federal Government (FG) to seek innovative ways to acquire the capital equipment needed to enhance production in the country in order to achieve the desired economic growth even as the government and businesses continue to feel the crunch of...

Bayelsa State Governor, Hon. Seriake Dickson has said that his administration would work with security operatives to smoke out the killers of the three soldiers in Nembe from their hideout and bring them to justice. Governor Dickson made the vow during a live radio interview in Yenagoa, stressing that the...

The Nigeria Customs Service (NCS) is contemplating the replacement of obsolete scanners to reduce delay in cargo clearance at the seaports and land borders. Its Comptroller-General, retired Col. Hameed Ali, said that the fund for the procurement of new scanners had been captured in the 2016 budget. He noted that...

The Federal Inland Revenue Service (FIRS) has set a revenue target of N4.957 trillion for 2016. Executive Chairman of FIRS, Mr.Tunde Fowler revealed this yesterday at 2016 Annual Corporate Strategy Retreat of the FIRS According to him, “this target is largely dependent on non-oil collection and in particular, Value Added...

Determined to give its annual Maltina Teacher of the Year Award more value and  make it more relevant to teachers in different parts of country, Nigerian Breweries Plc (NB) has formalized its partnership with the Federal Ministry of Education as they plan to sign a Memorandum of Understanding (MoU) on...

The Federal Government has been advised to create special micro finance banks to support the youths and the vulnerable with proper monitoring team so that it will not go the way of the defunct people’s bank A member, House of Federal Representatives, representing Ijebu-Ode/Odogbolu/Ijebu North East Federal Constituency, Honourable Odeneye...

Skye Bank Plc has informed the regulatory authorities, shareholders and other stakeholders that it would be late in filling its interim Financial Statements for the periods ended March 31, and June 30, 2016. The lender, in a notice to the Nigerian Stock Exchange (NSE), gave the reasons which necessitated the...

In its efforts to revamp its business activities, AG Leventis has said it will inject fresh capital that would turn around the company’s performance. Speaking at the ‘Facts Behind the figures’  on the Nigeria Stock Exchange (NSE), Executive Vice Chairman/ Chief Executive Officer of AG Leventis, Michael Economakis, said the...

The trading activities on the Nigerian Stock Exchange (NSE) which began on a negative note on Monday continued along the same line on Tuesday as the All-Share Index and Market Capitalisation which closed at 27,394.98 basis points and N9.409 trillion respectively on the opening day of the week came down...