archiveSeptember 2016

The equity market segment of the Nigerian Stock Exchange (NSE) maintained upward trend to close the last trading day of week with a marginal increase of 0.01 per cent. The All-Share Index (ASI) appreciated by 3.43 basis points to close at 27,577.52 as Market Capitalisation closed at N9.473 trillion following...

Organisation of Petroleum Exporting Countries (OPEC) and other producers can reconcile talks aimed at stabilizing the oil market with the prerogative of Iran, Nigeria and Libya to boost output, according to Algeria’s energy minister. According to Bloomberg report monitored by Business247 News Online, “Iran has the right to increase production...

  Nigeria Academy of Letters (NAL) has thrown its weight behind the appointment of Prof. Is-haq Oloyede as Registrar/Chief Executive of the Joint Admissions and Matriculation Board (JAMB) describing it as “a highly merited appointment”. A statement issued on Friday by the Spokesperson of JAMB, Dr. Fabian Benjamin, said the...

River State government has commended Heritage Bank for its role in enhancing youth entrepreneurship development and engendering self-employment through its various initiatives and products. The government lauded the bank’s effort to lead the recovery of the Nigerian economy via schemes such as the administering and management of the Central Bank...

The Federal Government is planning to withdraw its 20 per cent equity holding in the Lekki Deep Sea Port development, also known as Lekki Free Trade Zone. According to agency report, the Minister of Transport, Mr Rotimi Amaechi said this on Thursday in Accra, Ghana after a two-day conference of...

The Federal government has offered a three-year tax holiday to mining investors to raise as much as $7 billion to develop the nation’s minerals and steel industries. The tax incentive will start "from the date the investor commences mining operations in the country," Mines and Steel Development Minister, Dr. Kayode...

The Governor of Lagos State, Mr. Akinwunmi Ambode, has explained that the N500bn Bond Programme approved by the state House of Assembly was a pool fund that would span over a period of time and not just for the current appropriation year. He said the explanation became necessary to clarify...

Entertainment entrepreneur and lawmaker representing Bayelsa Central Senatorial District, Senator Ben Murray Bruce, has said that the “hurried implementation” of the Treasury Single Account (TSA)  may be one of the reasons the country is in economic recession. According to the law maker in his Twitter handle on Thursday regretted that...

Presidency has approved plans for external borrowing from the World Bank, China and Japan. According to Bloomberg report monitored by Business247 News Online, Nigeria will take on debt from institutions including the World Bank, African Development Bank, Japan International Cooperation Agency and Export-Import Bank of China, the presidency commented on...

  PDP says it is illegal Fayose calls the shift bad signal for democracy The Independent National Electoral Commission (INEC) on Thursday postponed the Edo State governorship election by two weeks. The decision to shift the election was taken at a security meeting held in Benin, the state capital. The...