archiveOctober 2016

The Nigerian Stock Exchange (NSE) equities market segment began the week on a negative note, as market capitalisation deprecated by N80 billion. It dropped by 0.8 per cent from N9.57 trillion it opened today to close at N9.49 trillion. Similarly, the NSE All Share Index (NSE ASI) declined by 0.81per...

Access Bank Ghana, a subsidiary of Access Bank of Nigeria, launched an Initial Public Offering (IPO) on Monday aimed at raising at least 104 million cedis ($26 million). The Nigerian bank told Reuters it would also cut its stake to 78 percent from 100 per cent in the flotation, aimed...

Dr. Olisa Agbakoba, SAN, has called on the National Assembly to save Nigeria's democracy by strengthening institutions that support democracy. Agbakoba made the call on Monday in a letter he wrote to the National Assembly and addressed to the Senate President, Bukola Saraki. He said the plea became imperative as...

The Standards Organisation of Nigeria (SON) has put all efforts in place to institutionalise Standards in the manufacturing sector as a way to solidify its earlier efforts to totally flush fake and substandard products from the Nigerian market. Speaking at the 2016 World Standards Day in Lagos, the Director General/Chief...

Forbes latest ranking of the world’s richest people has shown that Nigerian business mogul, Mr. Femi Otedola has been removed from Forbes list of billionaires as his net worth has plunged from $1.8 billion to $550 million. This is as result of recession which has marked down the stock value...

The Lagos Chamber of Commerce and Industry in collaboration with the Financial Derivatives Company, a renowned economic consultancy firm, is set to hold a public-private dialogue on Port Efficiency and Maritime Sector Roadmap in Nigeria. The objective is to design a roadmap for the transformation of the Nigerian maritime sector...

Theirworld, a global children foundation, and Oando Foundation, an independent charity with a mission to radically improve the quality of teaching and learning in Nigerian schools, have partnered to empower vulnerable Nigerian girls and young women by giving them a unique opportunity to learn important technology skills in a safe...

Zenith Bank says the current economic challenges facing Nigeria has not impacted on the Bank’s operations in Ghana. According to news report by GhanaWeb, Zenith Bank Ghana is also confident of the company’s prospects in the country despite similar prevailing economic challenges facing the Ghanaian economy. The high interest rates,...

As part of strategy to meet Nigeria's gas requirements, Dangote Industries Limited (DIL) has recently completed the acquisition of Twister B.V., a company headquartered in the Netherlands. Twister B.V. delivers reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors....

Professor Pat Utomi has advised the Federal Government to copy economic model of Lagos State for the nation’s economy to witness a turnaround. The renowned economist and financial expert stressed at the weekend that this step is a crucial catalyst for the nation to get out of the present economic...