archiveDecember 21, 2016

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.46 per cent, while the Year-to-Date return stood at -7.77 per cent. The All Share Index closed at 26,418.11 against the previous close of 26,540.87 while Market Capitalization closed at ₦9.090 trillion against previous close...

The Nigeria Labour Congress (NLC) has threatened a nationwide strike from May 1, 2017 if the Federal Government does not begin implementation of the N56,000 new national minimum wage it proposed. This was contained in a press statement by its President, Mr. Ayuba Wabba during a meeting in Abuja. “The...

Yusuf Rabiu went door-to-door urging people in the northern Nigerian city of Kano to vote for President Muhammadu Buhari in last year’s elections. Now he’s regretting his decision. “We expected him to solve our economic problems,” Rabiu, a 36-year-old hat seller, said at the city’s Kurmi market as a group...

By Nkem Ndem The internet has completely changed the way things are done. From schools, shops and even offices, almost every task that needs to be completed is best achieved with the help of the internet. Most Nigerians understand the essence of the internet and its importance in ensuring they...

With the year coming to an end, 16 insurance companies could not hold their 2015 Annual General Meeting (AGM), a development shareholders are unhappy with. ABDUL OLALEKAN writes. As public and private companies across the country are closing their financial books for 2016, about 16 insurance companies, some of which...

For the first time in about five months, the Bayelsa State Government on Monday declared N3.5 billion as balance of funds available for spending at the end of November, 2016. In October, like in the three previous months, the state recorded a deficit balance of N160.4 million, mainly due to...

A budding entrepreneur with unique business idea of turning trashes into beautiful furniture, Mrs. Marvis Marshal-Idio has won the Heritage Bank’s sponsored entrepreneurial competition show, Next Titan Season 3. The star prize is N5 million from Heritage Bank, which is the headline official sponsor of the competition and a brand...

The National Bureau of Statistics (NBS) has raised the alarm that the country’s unemployment rate among the Nigerian youth has risen from 13.3 per cent in the second quarter to 13.9 per cent in the third quarter of 2016 representing a total sum of 23,630,000 persons. The hint which was...

Oando Plc has completed partial divestment of 49 per cent of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners LLP, a premier Africa-focused private investment firm. Commenting on the completion...

The Nigerian Stock Exchange All Share Index and the Market Capitalization decreased by 0.17 per cent, while the Year-to-Date return stood at -7.34 per cent. The All Share Index closed on Tuesday at 26,540.87 against the previous close of 26,586.56 while Market Capitalization closed at ₦9.132 trillion against previous close...