archiveJanuary 2017

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...

World Bank, in its global economic report, has said that Nigeria will get out of recession and grow its Gross Domestic Product (GDP) by one percent in 2017. The global financial institution names Nigeria, South Africa and Angola as countries expected to experience economic growth in the Sub-Saharan African region...

Investors in the equities sector of the Nigerian Stock Exchange (NSE) on Wednesday gained N14 billion to N9.079 trillion from N9.065 trillion it opened the day trading. The All-Share Index also gained 0.15 per cent or 39.56 basis points to close at 26.385.80 basis points in contrast to 26,346.24 basis...

The Central Bank of Nigeria (CBN) has come out with the list of authentic finance companies in the country at January 10, 2017. The CBN on Tuesday listed on its website71 finance companies and their addresses as authentic finance companies in the country. Expectedly, Lagos State has the greatest number...

A Civil Society Group, The Wailing Wailers, has alleged that there were sharp practices of foreign exchange (forex) racketeering at the Central Bank of Nigeria (CBN) and that its Governor, Godwin Emefiele, was manipulating forex trading and illegally funding of the Federal Government budget and thereby short-changing the banks operating...

President Obama delivered his farewell address at McCormick Place, Chicago.  January 10, 2017. OBAMA: Hello Chicago! (APPLAUSE) It’s good to be home! (APPLAUSE) Thank you, everybody! (APPLAUSE) Thank you. (APPLAUSE) Thank you. (APPLAUSE) Thank you so much, thank you. Thank you. Thank you. (APPLAUSE) It’s good to be home. Thank...

The Federal Government has commenced independent review of financial management of states as it has appointed eight auditing firms for the assignment. According Salisu Na’Inna Dambatta, Director (Information), Federal Ministry of Finance in a press statement the frims employed include: KPMG; Ernst & Young; PKF; Muhtari Dangana & Co/S.S; Afemikhe...

By Abdul Olalekan Following claims by the management of an insurance broking firm, Glanvills Enthoven Nigeria (GEN) that it's lapsed operating licence has been reinstated; the National Insurance Commission (NAICOM) has refuted the claim. The commission, in a statement issued by its Head, Corporate Affairs, Rasaaq Salami, and made available...