archiveDecember 2016

The depreciation in the value of  naira and economic challenges facing other members of Economic Community of West African States (ECOWAS) have hampered  Ecowas integration and the adoption of a single regional currency. The out-going Ecowas Macroeconomic Policy Committee Chairperson, Ms Ommy Sar Ndaiye said the member states need to...

The Bayelsa State Government has condemned the manner and mode of the recent recruitment into the Nigeria Police. According to a statement signed by the State Commissioner for Information and Orientation, Mr. Jonathan Obuebite, the process was not only lopsided, but a fraud against the people of the state. The...

By Abdul Olalekan The President, Association of Registered Insurance Agents of Nigeria (ARIAN), Mr. Gbadebo Olameru, has advised insurance agents in the country to adopt new business strategies to survive in a more challenging business environment, Olameru, who was speaking at the 7th Annual Conference and Award Ceremony in Lagos,...

A turnover of 894.759 million shares worth N10.629 billion in 13,418 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.479 billion shares valued at N9.988 billion that exchanged hands last week in 12,059 deals. The NSE All-Share Index and...

Nigerian banks, under the aegis of the Bankers Committee, chaired by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has set up a development intervention fund taking off in January 1, 2017. The deal about the modalities of the establishment of the fund which will lend at...

Says 2017 Budget’ll pull Nigeria out of recession President Muhammadu Buhari has appealed to Nigerians not to lose faith in the ability of his administration to make a difference in their lives, promising that 2017 Budget has measures that will pull the country out the current economic recession. He gave...

Stanbic IBTC Stockbrokers Ltd (SISL), a member of Stanbic IBTC Holdings Plc, has been awarded the best dealing member firm on the Nigerian Stock Exchange (NSE) for 2016. A statement released on Sunday in Lagos by the NSE said that the award was in recognition of the company’s outstanding performance...

The Minister of Finance, Mrs Kemi Adeosun, said her attention has been drawn to a report published in the Saturday edition of the Punch, December 10, which she said erroneously claimed that the Federal Government has agreed to pay a $79 million commission to the Swiss government as part of...

The Minister of Finance, Mrs Kemi Adeosun, on Friday outlined a 10-point fiscal roadmap to reset the Nigerian economy to a path of growth. The Minister, who represented His Excellency the Vice President, Yemi Osinbajo, at the annual dinner of the Lagos Business School, itemised fiscal policies and actions being...

Tragedy struck Saturday in Uyo, the Akwa Ibom State capital when a church building belonging to Reigners Bible Church International, Uyo, Akwa Ibom State, collapsed killing scores and wounded several others. According to an eyewitness, the incident occurred at around 11am during a special service: “Bishopric Enthronement”, to mark the...