archiveNovember 2016

A turnover of 2.847 billion shares worth N7.420 billion in 16,065 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 873.838 million shares valued at N8.024 billion that exchanged hands last week in 15,944 deals. The NSE...

Following the successful completion of the regional competitions in the six geopolitical zones of Nigeria, the 3rd edition of Lafarge Africa National Literacy Competition, organized in partnership with the Ovie Brume Foundation has reached its peak. Twelve pupils from Edo, Enugu, Gombe, Kaduna, Lagos and Plateau states will strive to...

Nigeria plans to sell 95 billion naira ($301.8 million) of bonds on Nov. 16, the Debt Management Office (DMO) to Reuters on Friday. The office said it would sell 35 billion naira of a bond maturing in 2036, 25 billion naira of paper maturing in 2026 and 35 billion of...

Amnesty International called on Nigeria to shelve plans to demolish more illegal settlements in the megacity Lagos as several hundreds of thousands of people could be made homeless, it said on Friday. According to Reuters report monitored by Business247 News Online, about 30,000 residents of a waterside slum in Lagos,...

By Abdul Olalekan The President, Nigerian Council of Registered Insurance Brokers(NCRIB), Mr. Kayode Okunoren, said the implementation of the Corporate Governance Code of the Financial Reporting Council of Nigeria (FRC) in the insurance brokerage industry will create a big vacuum as well as threaten the continual existence of insurance broking...

The Federal Government will in December this year launch the National Economic Reconstruction and Growth Plan The plan that will be unveiled by President Muhammadu Buhari is aimed at revamping the country’s dwindling economy. It is expected to be detailed document that would bring together various plans that had been...

As part of its strategic plan of identifying and supporting Micro, Small and Medium Scale Enterprises (MSME) in the country, Heritage Bank Plc, has introduced the Sunday Small Market in a bid to add value to its MSME customers. Speaking with journalists at the maiden edition held in Lagos recently,...

Sterling Bank Plc has continued to receive commendations from communities where it activated the financial inclusion drive and promoted financial literacy during the just-ended World Savings Day (WSD). The 2016 WSD was held last week worldwide and Sterling Bank, a pioneer in financial literacy and inclusion, having launched the Agency...

By Niyi Jacobs The newly appointed 52nd president of the Institute of Chartered Accountants of Nigeria (ICAN), Deacon Titus Soetan has warned the Central Bank of Nigeria (CBN) to avoid policy summersault. Soetan, during an exclusive interview with Business247 News Onlie at the weekend, he noted that the apex bank...

…as market drops by 3% in one week The equities market of the Nigerian Stock Exchange (NSE) reacted negatively to Donald Trump's unexpected election victory over his rival Hillary Clinton at the US presidential election. The equities market lead indicator of The Nigerian Stock All-Share Index shed three per cent...