archiveNovember 2016

The Board of Directors of AshakaCem Plc passed a resolution to propose to the shareholders of the company, a voluntary delisting of the company on the Nigerian Stock Exchange (NSE). The resolution will be presented for consideration by shareholders of AshakaCem at an Extraordinary General Meeting (EGM) scheduled to hold...

There are plans by the Federal government to return the Export Expansion Grant in 2017. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, who dropped the hint explained that the grant would be reviewed to encourage local production as well as small and medium scale enterprises. He added...

Due to the rising rate of unemployment in the country, financial experts and economic stakeholders have called on the federal government to come up with better and improved economic policies. The call becomes necessary as the Nigeria’s current population statistic stands at 182.20 million with 49.5 per cent youth unemployment...

Equities transaction on the Nigerian Stock Exchange (NSE) continued its free fall on Thursday as the All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.21 per cent, while the Year-to-Date return stood at -10.62 per cent. The All-Share Index closed at 25,599.79 against the previous close of 25,653.14...

Financial experts in the country are expecting the Central Bank of Nigeria’s Monetary Policy Committee to reduce the Monetary Policy Rate (MPR) as the committee will meets on Monday and Tuesday to deliberate on developments in the economy. Business 247 News Online notes that the bi-monthly meeting will likely see...

The President, Manufacturers Association of Nigeria (MAN) Frank Jacobs, has said that with the current economic situation, the country may not be out of recession in 2017. Jacobs told the News Agency of Nigeria (NAN) on Wednesday in Abuja that there was the need to introduce policies and initiatives to...

The Director-General of Securities and Exchange Commission, Munir Gwarzo said on Wednesday that efforts had been made to enhance service delivery through the recruitment of specialists to fill key offices. The offices Gwarzo mentioned including Risk Management Division; Strategy Division, Research and Economic division, among others also assured investors that...

  By ABDUL OLALEKAN FBNInsurance Limited, for the second time in three years, has won the 2016 Best Life Insurance Company in Nigeria. The award was conferred on the insurance by World Finance, organisers of the prestigious World Finance Global Insurance Awards. Explaining the criteria used in choosing the winners,...

By ABDUL OLALEKAN Former Minister of State for Finance, Mr Remi Babalola, has tasked registered insurance brokers in the country to expand their role beyond facilitators of risk transfer to helping their clients keep pace with the social, technological, environmental, economic and political developments. This, he said, will allow their...

Former Chairman of Petroleum Products Prices Regulatory Agency (PPPRA), Chief Rasheed Gbadamosi, has died at age of 72. A foremost industrialist finally died after a long battle with stroke. Lagos State Commissioner for Information & Strategy, Mr. Steve Ayorinde, announced his passage on his twitter handle @stevoree shortly after he...