archiveNovember 25, 2016

Trading activities on the Nigerian Stock Exchange (NSE) ended the week on a negative note on Friday as investors in  the market made a loss of N54 billion. The market capitalisation which opened trading at N8.774 trillion lost N54 billion or 0.62 per cent to close at N8.720 trillion even...

First City Monument Bank Limited (FCMB) plans to raise 7.5 billion naira ($25 million) in so-called Tier-II supplementary debt by year-end to strengthen its capital base, it said on Friday. According to Reuters report monitored by Business247 News Online, the bank had said in August it will raise between 10...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has identified quality of governance, anti-corruption, institutional integrity, education as well as sound economic policies as factors that could transform a nation to greatness. Peterside, who was the speaker at this year’s University of Nigeria...

...Says let's be guided by history Following the end of campaigns in Ondo State, ahead of Saturday’s Governorship Elections, Bayelsa State Governor, Hon. Henry Seriake Dickson, on Friday called on stakeholders and critical actors in the process to ensure that nothing is done to undermine peace, security and stability. He...

By Nkem Ndem Gone are the days when most Nigerians relied on cables for internet access. With the introduction of Wi-Fi, internet access is seemingly easier, faster and much more convenient. Although the almighty Wi-Fi is one of the most useful and important aspects of using a computer, it can...

Green party presidential candidate Jill Stein seeks donations to fund efforts in Michigan, Pennsylvania and Wisconsin over ‘compelling evidence of voting anomalies’. According to the guardian report monitored by Business247 News Online, Stein to formally file for Wisconsin recount as fundraising effort nears $5m Stein said she was acting due...

The President of the African Development Bank (AfDB), Akinwumi Adesina, has announced the appointment of five Director Generals for the pan African organisation. Adesisa said: “I am pleased to announce the appointments of five Directors General. With the completion of the appointments of the Directors General and the Country Managers...

The Nigeria Labour Congress (NLC) has called on the Federal Government to find a way to halt the free fall of naira against other international currencies to save millions of Nigerians devastated by high inflation. The NLC in a press statement signed by its President, Ayuba Wabba, and General Secretary,...

Niyi Jacobs Traders in Lagos have been lamenting over the drastic low patronage of items and products at their stores even as Christmas season is fast approaching. Investigation by Business247 News Online shows that there has been a sharp decline in trading activities in Lagos Island,  Ikeja and Iyana Ipaja...

First City Monument Bank (FCMB) Group Plc has reported N140.7 billion in gross earnings for the third quarter ended September 2016, 29 per cent above N109.3 billion recorded in the same period prior year. The group non-interest income stood at N44.8 billion, for Q3 2016, an increase of 128 per...