archiveSeptember 1, 2016

 commissions projects in Osun President Muhammadu Buhari has appealed to Nigerians not to lose hope in the country stressing that despite the current hardships facing the country, Nigeria would be great again under his watch. The President who was on official visit to the state said this today in Osogbo...

The Market Capitalization and the All Share-Index (ASI) of the Nigerian Stock Exchange (NSE) which closed Wednesday trading at N9.479 trillion and 27,599.03 basis points respectively rose significantly on Thursday to close at ₦9.761 trillion and 28,419.92 basis points. The twin market indicators increased by 2.97 per cent, while the...

The Federal Government of Nigeria has raised the sum of N212.85 billion ($654.92 million) in an auction of treasury bills on Wednesday, with yields little changed from previous sales, data from the Debt Management Office showed on Thursday. The debt office raised 45.85 billion naira of three-month paper at 14.38...

The monthly Purchasing Managers’ Index (PMI) of the Central Bank of Nigeria (CBN) for the month of August released on Wednesday has shown that the Manufacturing PMI declined to 42.1 index points in August 2016, compared to 44.1 in the preceding month, implying that the manufacturing sector declined at a...

Minister of Finance, Mrs. Kemi Adeosun, has said that her attention has been drawn to a fake Twitter handle in her name saying that “recession is just a word”, she emphasised that she does not own a twitter account. A press statement by the SA Media to Honourable Minister of Finance,...

MTN is targeting to raise about N330 billion ($1 billion) in an Initial Public Offering (IPO). This is said to be a condition tied to the settlement of a fine imposed on the company by government. According to Bloomberg report monitored by Business247 News Online, minority shareholders may sell down...

  Says we can’t run economy on hope   In the press statement it called the "State of the Nation Address"; KOWA Party criticized the present administration of President Muhammadu Buhari, condemning its attitude to the economy, alleged human rights violations, the war on corruption among others. The party, however,...

The Registrar/Chief Executive of Joint Admissions and Matriculation Board, Prof. Is-haq Oloyede, would repeat the wonders he performed at the University of Ilorin (UNILORIN), where he was Vice Chancellor. This was the position of the Non-Academic Staff Union of Educational and Associated Institutions (NASU), an affiliate of the Nigeria Labour Congress...

The plan by the Nigerian Stock Exchange (NSE) to introduce depository receipts that would allow investors to purchase foreign company shares in naira has been put on hold for now. The Chief Executive Officer (CEO) of the Exchange, Mr Oscar Onyema disclosed to Bloomberg in an interview. According to the...

Governor Seriake Dickson of Bayelsa State has warned those who encroach on government lands and properties to desist from the unwholesome practice as anyone found culpable would be prosecuted. Dickson gave the warning when the State Special Task Force on Identification and Recovery of Government Lands, headed by Chief Ige...