archiveOctober 2016

The Nigerian Stock Exchange (NSE) has listed the 889.9 million Ordinary Shares of The Initiatives Plc (TIP) of 50 kobo each. Priced at N0.85, the shares were listed by Introduction on the Alternative Securities Market (ASeM) Board today, Tuesday, October 25, 2016. The Initiates Plc is the first waste management...

Unity Bank Plc has announced 63 per cent decrease in profit after tax for the third quarter (Q3 2016) ended September 30, 2016 from N9.3 billion to N3.4 billion. The bank posted a profit before tax of N3.8 billion for Q3 2016, despite the challenging operating environment and economic challenges,...

African exporters of oil and commodities should remove subsidies and boost taxes to weather their slowest growth in more than two decades, the International Monetary Fund (IMF) said on Tuesday. According to Reuters’ report monitored by Business247 News Online, the Washington-based fund cut its 2016 growth forecast for Sub-Saharan Africa...

Reiterate 'buy' recommendation Review forward earnings estimate The nine-month financial position of Zenith Bank plc released on the Nigerian Stock Exchange on Monday in which the company reported a significant improvement in performance for the period, has been receiving applause by investment analysts. Analysts at Capital Bancorp review the performance...

  BEING A SPEECH BY DR. GOODLUCK EBELE JONATHAN, FORMER PRESIDENT, FEDERAL REPUBLIC OF NIGERIA AT: “A CONVERSATION TO DISCUSS SOME OF THE ISSUES RELATING TO THE PROMOTION OF YOUTH ENTREPRENEURSHIP” AT THE OXFORD UNION 24TH OCTOBER 2016. Protocols It is my pleasure and a great honour to be in...

A former Inspector General of Police (IGP) Solomon Arase has described as lies claims that 19 assorted vehicles belonging to the police were recovered from him even as he raised the alarm that some forces were bent on tarnishing his image. The ex-IGP’s reaction is coming on the heels of...

Dangote Group of Companies has denied reports that the disengagement of 36 expatriate and 12 Nigerian workers from the company was due to economic recession in the country. The Group's Head of Corporate Affairs, Mr Tony Chiejina told the News Agency of Nigeria (NAN) in Lagos on Monday that the...

  Former President, Chief Olusegun Obasanjo on Monday advises on what to be done to tackle current economic recession in the country. He gave the advice while speaking in Abeokuta, Ogun State, during the opening of the 8th National Council on Industry, Trade and Investment, currently holding in the state...

The Nigerian National Petroleum Corporation (NNPC) has said it can no longer sustain the sale of petrol at N145 per litre. Recall that Labour last month warned against increment in pump price. Speaking yesterday, Group General Manager, Crude Oil Marketing of the NNPC, Mele Kyari, said with the current price...

Air traffic controllers have declared a state of emergency on the communication facilities at the nation’s airports “in view of their epileptic conditions and the danger posed to air travel.’’ “We are heavily disturbed by the deplorable state of the communication facilities; in view of their relevance to airspace travel,...