archiveOctober 20, 2016

The Chairman Dangote Groups, Alhaji Aliko Dangote, has urged government at all levels to reduce the multiple taxes placed on small and medium businesses to enable them grow. In a statement in Lagos on Thursday, Dangote said that the small and medium enterprises would be able to perform better if...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.44 per cent, while the Year-to-Date return stood at -3.64 per cent as investors recoup N41 billion from huge losses they have suffered in the first three sessions of this week. The All-Share Index closed...

Nigeria Customs Service (NCS) has dismissed 29 senior officers for various acts of gross misconduct. The dismissed officers are among 44 senior officers punished for actions capable of compromising national economy and security. Officers affected in this exercise were said to been investigated for involvement in improper examination and release...

The World Bank has raised its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long period of unrestrained output. Energy prices, which include oil, natural gas and...

MEC, Inc. announced today that it has entered into agreements with pan-African financial services group, United Bank for Africa Plc (UBA) to provide a revolutionary email-based billing, payment and banking software system called "EmailMoni." According to a press statement by UBA, EmailMoni represents the world's latest fin-tech for cloud banking...

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue -- the first time Saudi Arabia has turned to international markets for financing -- was hailed as historic by investors and...

Arik Air, one of Nigeria's leading airlines, plans to raise as much as $1 billion through a Private Placement next year and then a possible Initial Public Offering (IPO) in Lagos and London, its Managing Director told Reuters. According to Reuters’ report monitored by Business247 News Online,the airline wants to...

The global multi-disciplinary professional consulting conglomerate, PwC Nigeria would be facilitating a forum of over 3,000 experts on project development and finance in Calabar. The programme which is the forum of Education Sector Investment Promotion Initiatives (EDU-INVEST) Nigeria has been scheduled for between November 1 and 3 2016. PwC has...

His Excellency, President Muhammadu Buhari, has approved a number of Ecological Fund Intervention Projects for the fourth quarter of 2016. According to a press statement in Abuja on Thursday signed by the Director (Press) to the Secretary to the Government of the Federation, Mr. Bolaji Adebiyi, the approved projects which...

Turaki Adamawa, former Vice President of Nigeria and a chieftain of the All Progressive Congress (APC), Alhaji Atiku Abubakar, has expressed delight on the Sokoto State government's Right to Education Bill. Atiku on his Twitter handle on Thursday said: “I am delighted by the Sokoto State government's Right to Education...