archiveJanuary 18, 2017

The Nigerian equities market closed lower for the second consecutive session, with the All-Share Index declining by 0.12 per cent to close at 26,247.02 basis points, as  against 26,278.20 basis point it opened Wednesday trading. Today’s bearish performance increased the Year-to-Date loss to 2.34 per cent, attributable to volatile, given...

Wema Bank Plc. has launched a new mobile branch “Wema Bank on Wheels” which will be operating on solar power in order to be accessible to everyone in all parts of the country. The new truck where normal branch services are offered is also fitted with two automated teller machines...

Buhari's economic recovery growth plan to be launched soon Empowerment of Nigerians is at the heart of the Social Investment Programmes of the Buhari administration,  though it also has a social welfare component to help the people survive as they are being empowered, Vice President Yemi Osinbajo (SAN) has said....

...says Sylva takeover rumour is totally false ...it’s a ploy to heat up the polity, create insecurity The Peoples Democratic Party (PDP) in Bayelsa State has condemned in strong terms, the rumours making the rounds that the Supreme Court has reversed its decision on the state governorship election. A statement...

Second in Nigeria in months Africa's richest man Aliko Dangote has shut his new tomato paste plant in Nigeria due to a shortage of dollars needed to import raw materials, a senior executive said, the second such closure in months in a blow to official plans to diversify the economy....

The Senate on Wednesday adopted the exchange rate of N305 for a US dollar, as proposed by the executive for the 2017 fiscal year. This comes on the heels of Senate’s worry about the gap between the parallel market and the official exchange rate. The Upper legislative house has therefore...

The Federal Government on Wednesday auctioned  Treasury bills viz: 91-day bills worth N36.786 billion, 182-daybills worth N39.175 billion and 364-day bills worth N120 billion via primary market. In the week ahead, the Debt Management Office (DMO) is scheduled to conduct its first Primary Market Auction in 2017. The DMO will...

Access Bank has appointed Dr. Gregory Ovie Jobome, as Executive Director, Risk Management Division. Jobome is a thorough bred banking professional with excellent academic pedigree. He obtained a First Class Degree in Economics from the University of Maiduguri in 1986 and a Distinction in Master of Business Administration from Obafemi...

The Group Managing Director (GMD) of United Bank for Africa Plc, Mr. Kennedy Uzoka, is leading a delegation of the bank to the yearly World Economic Forum (WEF) meeting in Davos, Switzerland. Uzoka leads a senior executive team to meet other world business leaders and bankers at one of the...

Nigeria's efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter. The government has been in loan talks with the World Bank...