archiveJanuary 12, 2017

PwC, a global financial and economy consultant, has revealed in its recently released Project Blue report that Nigeria has the highest percentage of its population living in poverty, with its financial system showing the least progress of all the seven emerging markets: Nigeria, Brazil, China, India, Indonesia, Mexico and South...

Prof. Itse Sagay, Chairman, Presidential Advisory Committee Against Corruption (PACAC), on Thursday said Nigeria risks losing another $550 million recovered from the Abacha family to the United States. According to News Agency of Nigeria (NAN) report, Sagay disclosed this at a media conference on asset recovery jointly organised by PACAC...

Manchester United has €200million more net debt than any other football club in Europe, new research from Uefa has shown. According to Belfast Telegraph report, the European Club Football Landscape report shows the amount of money the Old Trafford club owes has now grown to €536m (£464m). While debt levels...

The Securities and Exchange Commission (SEC) has warned investing public to exercise extreme caution with regard to Bitcoin, crypto currencie and, other online currencies as a vehicle of investments. SEC in a circular issued on Thursday urged investors to confirm status of any financial institutions authorized by the Commission or...

The Central Bank of Nigeria (CBN) has said that the Civil Society Group called Wailing Wailer is a bunch of blackmailers fighting for the interest of those who want to destroy the Nigerian economy. The group which goes by the tag OccupyCBN has threatened to protest on Friday about alleged...

By Nkem Ndem It is true that Lagos is the heart of Nigeria and it lures the crowds – both local from other states and tourists from other parts of the world. As a result, some prominent features of the city include its traffic-clogged streets, as well as the almost...

Even as the leadership of The Nigerian Stock Exchange (NSE) gave a recap of the performance of the market in 2017 and the outlook for 2017, the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.21 per cent, while the Year-to-Date return stood at -2.03 per cent,...

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema has said that the equities market will witness at least one Initial Public Offering (IPO) this year. Oscar at the 2016 NSE market recap for 2016 and outlook for 2017 in Lagos on Thursday said that bourse will focus...

Following the prediction by some financial analysts that the naira may hits N500 to a US dollar at the parallel market, the Nigerian local currency on Wednesday January 11 fell further by one point to close at 492 per dollar against 491 it was traded on Tuesday. In the early...

Nigeria will look to issue a debut Diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 billion Eurobond sale this month, a finance ministry source told Reuters on Wednesday. Nigeria is in its first recession in 25 years and needs to find money to make...