archiveJanuary 2017

By Abdul Olalekan Sovereign Trust Insurance (STI) Plc has paid N1 billion as claims in the third quarter of 2016. The company, in a statement made available to Business 247 News Online on Friday, promised to continue to pay genuine claims as and when due. Giving the breakdown of the...

Many Nigerian who are members of the global Ponzi scheme – Mavrodi Mondial Moneybox, otherwise known as MMM, are worried of what is ahead of them even as Saturday, January 14, the date set by the scheme founders to lift the current ban placed on deposits  approaches. Business247 News Online...

Targets N2.5b monthly IGR from December 2017 Abia State government on Thursday said it had commenced the process of disbursing the N5.3 billion Paris Club refund for payment of arrears of salaries owed Abia workers. The State Commissioner for Finance, Mr. Obinna Oriaku disclosed this in an interview with journalists...

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,...