archiveOctober 2016

A turnover of 678.710 million shares worth N6.875 billion in 11,808 deals were traded this week by investors on the floor of the Nigeria Stock Exchange (NSE) in contrast to a total of 674.721 million shares valued at N7.657 billion that exchanged hands last week in 12,290 deals. The NSE...

Access Bank Plc has announced an impressive profit of N72 billion for the nine months ended September 30, 2016 based on enhanced business efficiency as a result of the effective execution of its long-term strategy. The Bank’s Profit before Tax (PBT) showed an increase of 19 per cent from N60.4...

  The Chairman of Senate Committee on Customs and Excise, Senator Hope Uzodinma has said that the National Assembly would review some of the trade policies including the contentious National Automotive Policy created by the administration of former President Goodluck Jonathan. Speaking in Lagos in a meeting with Customs officials...

Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting held at the weekend in Uyo, Akwa Ibom State, the shareholders expressed their delight that the foremost fuel marketing company was able to declare...

An international workshop on Assistance and Protection Against Chemical Weapons will hold in Nigeria from Monday, October 31 to Friday, November 4, 2016 at the ECOWAS Secretariat Asokoro, Abuja. In a statement by the Director (Press), Office of the Secretary to the Government of the Federation, Mr. Bolaji Adebiyi, the...

For the third day in the week, the Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization closed positive, increasing by 0.21 per cent, while the Year-to-Date return stood at -4.71 per cent as investors gained N20 billion in the final trading day of the week. The...

The Minister of Finance, Mrs. Kemi Adeosun, on Friday said that 30 per cent of the Nigeria’s demand for foreign exchange was for fuel importation. According to News Agency of Nigeria monitored by Business247 News Online, Adeosun stated this in Lagos at the launch of  “First Gem” , a product...

Britain's former prime minister Tony Blair said Friday there was nothing preventing a second Brexit referendum and warned that the break-up would be "very, very tough" as European leaders were in an unforgiving mood. According to AFP reports monitored by Business247 News Online, he called on fellow "Remain" supporters to...

Insurance consumers are accusing underwriting firms in the country of poor customer relationship, urging them to improve in this regard. Insurance policyholders, who spoke at the 2016 Insurance Consumers Forum organised by Almond Production Limited in Lagos, noted that most companies don't remind policyholders when their policies expire, while most...

Insurance brokers, under the aegis of the Nigerian Council of Registered Insurance Brokers(NCRIB) have urged government at all levels to give greater impetus to the patronage of made in Nigeria goods as a way of growing the nation’s economy. The President, NCRIB, Mr. Kayode Okunoren, while applauding the ongoing efforts...