archiveJanuary 19, 2017

Following profit-taking in Diamond Bank Plc, Julius Berger Plc, among other shares, The Nigerian Stock Exchange All-Share Index (NSE ASI) on Thursday dropped by 0.17 per cent to indicate a three-day consecutive loss by investors. Within four trading days- Monday to Thursday, investors in the equities market of the NSE...

PZ Cussons Nigeria Plc, on Thursday announced that that it will be filing its unaudited financial results for the second quarter ended 30 November 2016 in a week’s time. The company explained that its notice endorsed by the Company Secretary Abiola Laseinde, is in compliance with regulatory authorities (The Nigerian...

.Says mobile money feedback disappointing The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has reiterated the rising significance of digital or online media in financial news reporting, saying it is where the future lies. Speaking on Thursday at the launch of Ficannews.com, an online news website published by...

...it's for bill on transparency, accountability - Dickson The Ad hoc Committee on State and Local Government Administration of the Nigerian Senate has given the government of Bayelsa State thumbs up on the prudent management of resources accruing to it. Chairman of the Committee, Senator Abdullahi Gumel gave the commendation,...

An eight-member Local Government Service Commission has been sworn in, with a charge, to among other duties, sanitize the administration of the third tier of government in the state. The Governor who performed the ceremony in Government House, Yenagoa, stressed the need for the commission to tackle the issue of...

Urges Nigerians to stop panic buying of petroleum products Nigerian National Petroleum Corporation (NNPC) has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in panic buying of petroleum products as the country is not planning to increase in the prices of petroleum products. NNPC...

The Board of Directors, Wema Bank Plc. has appointed Ademola Adebise as the Deputy Managing Director of the bank. The board announced this at a retreat held recently in Lagos. The Central Bank of Nigeria (CBN) has now approved the appointment. In a letter to the bank, the CBN said...

By Abdul Olalekan The Pension Transitional Arrangement Directorate (PTAD) will soon commence pension verification exercise for Nigerians in the Diaspora. Executive Secretary, PTAD, Mrs Sharon Ikeazor, who gave the hint when she visited the Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa, in Abuja,...

Loans to banks by the Central Bank of Nigeria (CBN) dropped sharply last week by 3.8 per cent to N168 billion. Busiesss247 News Online revealed that lending to banks through the CBN’s Standing Lending Facility (SLF) dropped from N174 billion the previous week Thursday to N168 billion at the close...

By ABDUL OLALEKAN Economic experts are expected to converge in Lagos to discuss and proffer solutions to social and economic challenges facing African countries, especially Nigeria. The experts, who will be led by a renowned scholar and Professor of African Economies at Oxford University, U.K, Professor Paul Collier, will discuss...