archiveOctober 14, 2016

The Nigerian Stock Exchange All-Share Index (NSE ASI) which opened at 27,854.78 basis points on Thursday closed the week trading activities on Friday at 27,861.03 basis points even the Market capitalisation which opened the day trading on Friday at N9.57 trillion closed the day flat at N9.57 trillion. A total...

The Director-General/Chief Executive Officer of the Standards Organisation of Nigeria (SON) Bar Anthony Osita Abaloma has restated the resolve of his agency to support small and medium enterprises with the required standards needed to boost their businesses. Abaloma told stakeholders in Lagos on Thursday importance given standards are important in...

A group of financial analysts have projected 18 per cent inflation rate for September from 17.61 per cent recorded by National Bureau of Statistics (NBS) in August. Finance experts have attributed the growth in inflation to hike in price of food items and unstable foreign exchange, which is the main...

Lagos traders on Friday were optimistic that the economy would soon rebound as the Nigerian currency continues to appreciate in all the major segments of the forex market. The Naira on Friday continued to hedge against the dollar in all the major segments of the forex market. At the parallel...

Fiscal federalism has been identified as a catalyst that would help diversify the Nigerian economy, which is presently heavily dependent on crude oil. Managing Director, Stellarchem Nigeria Limited and Chairman, Toiletries & Cosmetics (T&C) Group, Manufacturers Association of Nigeria (MAN), Mr Ikpong Umoh, made this assertion in Lagos on Thursday...

The Central Bank of Nigeria (CBN) has approved a Special Secondary Market Intervention Retail Sales (SMIS) for airlines operating in the country. Also, other critical sectors to benefit from the one-off exercise dedicated to the clearance of the backlog of matured foreign exchange obligations are raw materials and machineries for...

For Nigeria to move out of the current economic recession, experts have said that the country must embrace, in totality, risk management. They added that the economic hardship in the country arose as a result of breakdown in risk management, noting that it is now time to right this wrong...

No casualty, promises commitment to excellent service There was a fire incident that engulfed the Packaging Material store at our Noodles factory in Ikorodu on Thursday. According to a statement from Dangote Group and signed by Social Media Manager of the Corporate Communications Department of the Group, Mr Adedamola Adeniyi,...

  The wife of President Muhammadu Buhari says she may not back her husband at the next election unless he shakes up his government. According to Reuters’ report monitored by Business247 News Online, Aisha Buhari told the BBC in a interview published on Friday that her husband did not know...

Reprieve may soon come the way of businesses that have been crippled by some of the 41 items placed on forex prohibition list by the Central Bank of Nigeria (CBN) as the Nigeria Economic Summit Group has resolved at the just concluded 2016 summit that the Central Bank of Nigeria...