archiveOctober 5, 2016

Trading on the Nigerian Stock Exchange (NSE) on Wednesday was on a downward trend with the market indicators dropping further by 0.95 per cent due to price loses suffered by major blue chips. The All-Share Index lost 268.53 points or 0.95 per cent to close at 28,009.40 against 28,277.93 on...

The Federal Government has approved the purchase of 350 operational vehicles for the Nigerian Prisons Service (NPS). According to a memo by the Minister of Interior, Gen. Abdulraman Dambazzau (rtd) to the Federal Executive Council (FEC) on Wednesday, the development was part of the effort to strengthen the criminal justice...

  ... It donates staff quarters to Maltina Teacher of the Year's School The Federal Government has commended Nigerian Breweries Plc for being at the forefront of supporting the development of education in Nigeria. The Minister of State for Education, Professor Anthony Anwukah, said this on Wednesday at the commissioning...

The Managing Director/CEO of Guaranty Trust Bank plc; Segun Agbaje has emerged the 2016 Ai Socially Responsible Investment (SRI) 30 CEO of the year at this year’s 9th annual Ai CEO Investment Summit which took place on the sidelines of the UN General Assembly. Launched in 2007, the Ai Institutional...

PZ Cussons Nigeria Plc has announced N1.59 billion loss after tax, 470.6 per cent below N472.9 million in prior quarter of 2015. Despite increased revenue and N4.7 billion loss to foreign exchange, PZ Cussons Nigeria Plc has announced its worst results in recent quarters with N2.4 billion loss before tax...

The Nigerian National Petroleum Corporation (NNPC) will soon begin the first large scale commercial bio-fuel venture as alternative to fossil fuel its Group Managing Director (GMD), Dr Maikanti Baru, has revealed. Baru made the disclosure on Wednesday in Abuja at a two-day Environment Dialogue, titled `Diversification of the Economy, the...

The National Bureau of Statistics (NBS) has said on Wednesday that Nigeria's economy is likely to shrink by 1.3 percent in 2016 a sharp downward revision of its estimates which was said to have been prompted by sharp falls in the naira after dollar peg was dropped, Reuters report. According...

Diageo has scrapped plans to lift its stake in Guinness Nigeria due to tough conditions in one of its biggest markets for the world-famous stout, the drinks company said on Wednesday. According to Reuters’ report monitored by Business247 News  Online, the decision by Diageo, which makes Johnnie Walker Scotch and...

Nigeria’s leading telecommunications firm, Globacom has been ejected from a parcel of land belonging to the Agbereowei family of Bolou-Orua community in Sagbama area of Bayelsa State. The landowners had leased the land to the firm to locate its cell station in the area. A high court in Bayelsa on...

The 2016 Ibrahim Index of African Governance (IIAG) has revealed that Nigeria is one of 10 African countries that have improved across all four sub-categories of Sustainable Economic Opportunity category. The index, which was launched by the Mo Ibrahim Foundation in Abuja, also placed Nigeria 36th out of 54 countries...