archiveOctober 2016

Trading in the top-three equities namely  of Access Bank Plc, Diamond Bank Plc and United Bank of Nigeria Plc (measured by volume) accounted for 522.737 million shares worth N1.951 billion in 1,914 deals, contributing 44.95 per share and 21.09 per share to the total equity turnover volume and value respectively....

During the week, Wife of Nigerian President, Aisha Buhari granted the BBC Hausa an interview where she expressed her opinion on the performance of her husband, the President of Nigeria. Here is the detail of the Aisha’s interview with BBC Hausa. BBC Hausa: It has been One and a half...

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,...