archiveOctober 4, 2016

President Muhammadu Buhari on Tuesday sent a draft budget for 2017 to the upper house of parliament for approval. According to Reuters’ report monitored by Business247 News Online, the plan assumes an oil price of $42.5 per barrel and production of 2.2 million barrels a day, as well as an...

The Senior Special Assistant to the President on Media and Publicity, Mr. Garba Shehu disclosed on Tuesday that the government is downsizing the presidential air fleet. He said this in a statement that newspaper advertisements for the sale of two presidential aircraft, a Falcon 7x executive jet and Hawker 4000,...

The equity market resumed the first trading day of the last quarter on a negative note as lead key indicator the Nigerian Stock Exchange (NSE) All-Share Index depreciated 0.20 per cent to close at 28,277.93 basis points from 28,335.40 basis points it opened today. Consequently, market capitalisation dropped by N20.5...

The Peoples Democratic Party (PDP) on Tuesday in Yenagoa, described as mischievous and total display of ignorance, claims by the All Progressives Congress (APC) that Governor Henry Seriake Dickson of Bayelsa State was wasting a generation of elders. A statement by the Bayelsa State chairman of PDP, Moses Cleopas, said...

The Financial Reporting Council of Nigeria (FRC) has been honoured with the award of Most Effective Government Agency of the year on formulation and enforcement of accounting, auditing, actuarial and valuation standards in the country for 2016. This award was bestowed on the Council by the Nigeria Media Nite-Out Award...

The Minister of Budget and National Planning, Senator Udoma Udo Udoma has said that success in producing a good 2017 Budget will require strong collaboration between the Executive and the National Assembly. Speaking in Abuja on Monday, Udoma who at the Gallery Colloquium organized by Orderpaper.com on ‘Budget as a...

Debt Management Office (DMO) has launched a one-week roadshow to Britain and the United States to promote a planned $1 billion Eurobond issue to investors, a government official told Reuters on Tuesday. "The DMO is currently on a roadshow to the UK and U.S.," the official said, asking not to...

President African Development Bank Dr.  Akinwumi Adesina said on Monday in London that Nigeria needs to coordinate its fiscal and monetary policy more closely. According to reuters' report monitored by Business247 News Online, "I think the naira is devalued, but...monetary policy and also the fiscal policy that synchronisation, that is...

The business mogul and African richest man, Alhaji aliko Dangote has cleared the air that he was not interested in buying Nigeria’s assets. The Chairman of Dangote Group has been severely criticized for suggesting the sale of national assets to get Nigeria out of the current recession, he, however, broke...

To increase awareness on the critical role of market data in making sound investment decisions on both the buy and sell sides, The Nigerian Stock Exchange (NSE) has concluded plans to host its first market data workshop. The workshop is said to be specifically designed for Investors, Market Data Aggregators,...