archiveSeptember 2016

The Ebonyi State Government has said that it has extended invitation to a private Investors to resuscitate the State's cement company Niger Cem. The Governor of Ebonyi State Engr. Dave Umahi disclosed this at the opening ceremony of the Finance Correspondents and Business Editors (FICAN) Seminar holding in Abakaliki, the...

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged the financial and business correspondents to endeavour to report the Nigerian economy in positive light. He noted that financial journalists should be conscious of the fact that foreign investors form their perception about the economy based on their...

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has said that Nigeria’s foreign reserve has reduced from $26.51 billion in the second quarter of 2016 to $24.74 billion in September. Udoma said this at the 57th annual conference of Nigeria Economic Society (NES) with the theme: “the...

There was reversal of fortune on The Nigerian Stock Exchange (NSE) in Tuesday trading as bears took over proceedings making both the All Share Index and market capitalisation to close in the negative territory at 28,248.86 and N9, 704 trillion as against 28,263.16  and N9.709 trillion respectively  on Monday. Investors...

Two new products, the Stanbic IBTC Dollar Fund (SIDF) and SIAML Pension ETF 40 have been officially opened following the granting of relevant approvals by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) with Stanbic IBTC Asset Management Limited (SIAML) acting as the fund manager to...

The governments of Nigeria and India would be reactivating the Nigeria-India Joint Commission earlier set up to foster deepened relationship and expanded economic interaction between the two countries. This was the highlight of the bilateral meeting earlier today at the Presidential Villa between the visiting Indian Vice President, Honorable M....

The Minister of Industry, Trade and Investment, Dr Okechukwu Elenemah, Standard Chartered Bank, Stanbic IBTC as well as Citi Bank and Diamond Bank have been said to have aided MTN to loot $13.92 billion. According to the lawmaker, MTN used the minister, Elenemah, and four commercial banks to move $13.92...

Ecobank has won the awards for the Best Trade Finance Services in Africa and Best Treasury Services in Africa in this year’s Treasury Services Awards, organised by financial trade magazine EMEA Finance. The awards, according to a statement from the firm, and made available to Business247 News Online today, were...

To celebrate the World Tourism Day, Africa’s leading online hotel booking company Jumia Travel, has announced the launch of its first holiday packages in Nigeria. The package rates are inclusive of hotel stays, spa treatment, meals, transport and a tour guide where applicable. The initiative will focus on popular destinations...

The Managing Director of Sovereign Trust Insurance (STI) Plc, Mr. Olaotan Soyinka, has charged Nigerian young entrepreneurs to embrace the culture of insurance, especially as economic recession bites harder in the country. , While speaking at the 6th International Christian Business Exhibition & Conference held in Port Harcourt, Rivers State...