archiveDecember 2016

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.76 per cent, while the Year-to-Date return stood at -6.82 per cent. The All Share Index closed at 26,688.25 against the previous close of 26,486.02 while Market Capitalization closed at ₦9.183 trillion against previous close...

By Abdul Olalekan The National Insurance Commission (NAICOM) has approved the 2015 financial statements of 45 out of 49 insurance companies that have so far submitted their accounts for approval, Business 247 News Online learnt. Of the 44 insurers, Fin Insurance, Law Union & Rock Insurance Company Plc, Mansard Ins...

President of Dangote Group, Alhaji  Aliko Dangote has commended Nigerians for their resilience and doggedness even in the face of prevailing economic challenges saying they have made sacrifices that would soon see nation out of the woods. He gave the advice and commendation when members of small and medium enterprises...

By Niyi Jacobs Indications have emerged that the Central Bank of Nigeria (CBN) has granted some Nigerian companies’ requests with over $1.53 billion through the inter-bank, representing a sum of N1trillion between November and December 2016. This was revealed in a statement from the apex bank at the weekend. CBN...

The Kano State Government has suspended a director in the ministry of Finance and 9 staff of the Ministry of Local Government over alleged diversion of millions of Naira meant for payment of salaries. This is contained in a statement signed by the state Head of Service, Alhaji Muhammad Na’iya...

A former Secretary General of the Commonwealth, Chief Emeka Anyaoku, has said that 2016 had been disappointing, but that 2017 was “more hopeful.” Anyaoku said this in his New Year message on Tuesday but blamed poor federal structure for the nation’s economic underperformance in 2016 and urged the 8th National...

Cross River State Governor, Professor Ben Ayade at weekend joined participants at the maiden African Food festival Calabar to commend Dangote Industries Ltd for sponsoring the event. The Governor represented by his wife, Dr. Linda Ayade who declared the food festival open lauded the exemplary attitude of Dangote Group in...

By Abdul Olalekan Pension Alliance Limited (PAL) Pensions has promised to continue to deliver competitive service to its numerous clients across the country. The Managing Director/CEO, PAL Pensions, Mrs. Morohunke Bammeke, while speaking at the firm's head office where Christmas Care packages were handed over to some retirees at the...

A trip to some beer parlours in Lagos has revealed that their operators recorded poor patronage this yuletide, the News Agency of Nigeria (NAN) reports. NAN observes that the number of people, who usually relaxed and socialise at some bars and joints in the evenings, has reduced drastically at yuletide....

The Securities and Exchange Commission (SEC,  Nigeria’s apex capital market regulator, has suspended indefinitely Heritage Capital Markets Limited- a capital market operator, over unauthorized sale of shares. The SEC in a notice on its official website said it suspended the firm together with its directors and sponsored individuals in connection...