archiveDecember 29, 2016

The Nigeria Retail Investors Group (NRI) has said that economic policy prescriptions for the 2017 proposed fiscal plans should, at the minimum, seek to address a reduction in the cost basis for utilising domestic raw materials/inputs on the production side. The NRI, a Nigerian think-tank, whose membership comprises of Nigerian...

The Central Bank of Nigeria (CBN) sold about $1 billion on the forward market last week to clear a backlog of dollar obligations in selected sectors, traders said on Thursday, its largest special auction since a currency peg was removed in June. According to Reuters report, outstanding dollar demand was...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.35 per cent, while the Year-to-Date return stood at -6.49 per cent. The All Share Index closed at 26,782.93 against the previous close of 26,688.25 while Market Capitalization closed at ₦9.215 trillion against previous close...

  Equivalent of 200-storey building Guizhou province in southwest China is already home to seven of the 10 highest bridges in the country and the Beipanjiang Bidge, now the world’s highest, has just opened to traffic. According to CCTV News, the bridge is another architectural marvel to add to the...

A former federal permanent secretary (permsec), retired from office recently has been reportedly bolted away with 40 brand new SUV cars and other vehicles. The Minister of Information and Culture, Alhaji Lai Mohammed, while explaining President Muhammadu Buhari’s well-articulated strategy in the fight against corruption in the country. Mohammed was...

By Abdul Olalekan The Lagos State Government has remitted N75 billion as pension contributions from both employees and employer (being the Lagos State) to some Pension Fund Administrators(PFAs) across the country. The Commissioner of Establishments, Training and Pensions, Lagos State, Dr. Benson Akintola, who stated this at the 34th Retirement...

Year 2016 has been particularly though one for people and businesses in Nigeria as the depreciation in the value of the country’s currency  and global shock in crude oil prices reshaped the wealth of many including Alhaji Aliko Dangote, the President of Dangote Group. According to the Bloomberg Billionaires Index,...

The Nigerian Postal Service (NIPOST) has submitted a new bill for the amendment of the Stamp Duty Act, 2004 to the National Assembly. According to sources at the national Assembly, the bill is aimed at modifying certain ambiguities in the act and legalising all collections through commercial banks from January...

Total transactions on the Nigerian Stock Exchange (NSE) from January to November 2016 decreased significantly by 41.20 per cent from N1, 795.07 billion recorded within the same period in 2015 to N1, 055.50 billion in 2016. Total transactions at the nation’s bourse slightly increased by 0.56 per cent from N64.03...