archiveSeptember 2016

The equities market sustained the positive mood as the Nigerian Stock Exchange All-Share Index (NSE ASI) advanced marginally by 0.02 per cent to close at 28,214.57 basis points at the end of today’s trading session from 28,209.93 basis points it closed on Tuesday. The performance of the market was consequent...

    Dedicates award to stakeholders working hard to power Africa out of Poverty Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, while receiving the ‘Person of the Year’ award at the Africa Investor CEO Institutional Investment Summit hosted alongside the UN General Assembly in New York, extolled stakeholders in...

The National Automotive Design and Development Council (NADDC) have said that it has started reviewing the country’s automotive policy with the stakeholders in the auto industry in other to eliminate the hindrances currently bedevilling the sector. Director, Policy and Planning of NADDC, Mr. Luqman Mamuda, who disclosed this in a...

The Standards Organisation of Nigeria (SON) has stressed the need to patronise made-in-Nigeria goods as a way of stimulating economic growth and the much needed development, which the country has been yearning for. The Acting Director General, SON, Mr. Paul Angya, noted that Nigeria has no business importing products it...

Hardly had the Central Bank of Nigeria (CBN) began its 252nd  meeting of the Monetary Policy Committee (MPC), on Monday, 19th September, 2016,  the Minister of Finance, Mrs. Kemi  Adeosun, was on air in an interview on CNBC Africa, canvassing for rate reduction to stimulate the economy. She expressed the...

The Supreme Court today upheld the election of Mr Yahaya Bello as the duly elected Governor of Kogi State. The seven-man panel headed by Justice Sylvester Ngwata affirmed the election after listening to the closing statements of all the counsel. The court also said it would provide reasons for its...

The U.S. Chamber of Commerce, in a show of further commitment to collaboration by the business communities in the United States and across Africa, today named Aliko Dangote, Africa’s most successful businessman, as the co-chair of its U.S.-Africa Business Center. According to the Chamber in a press statement, Dangote will...

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has advised the Federal Government against the sales of the Nigerian Liquefied Natural Gas (NLNG) and other federation assets to meet the country’s financial obligations. The commission’s Acting Chairman, Alhaji Shettima Abba-Gana, gave the advice on Tuesday while reacting to suggestion from...

Equities segment on the Nigerian Stock Exchange (NSE) reversed previous day’s losses to close on a high note today, following the Monetary Policy Committee’s (MPC) decision to maintain all rates even as investors gained N127bn. The market All-Share Index (ASI) recorded a gain of 1.33 per cent or 370 basis...

Nigeria Customs Service (NCS) has seized rice worth N597.7 billion brought into the country through the borders between January and August 2016. The Public Relations Officer of the service, Wale Adeniyi, made this known in Abuja on Tuesday. He said that the worth of the commodity confiscated during the period...