archiveJanuary 2017

The equities market closed the week on a positive note on Friday as the Market Capitalisation of the Nigerian Stock Exchange (NSE) appreciated by N36 billion in one week. The Market Capitalisation had opened for trading on Monday at N9.023 trillion to close on Friday at N9.059 trillion while All-Share...

The Nigerian Stock Exchange All-Share Index (NSEASI) and the Market Capitalization increased by 0.15 per cent, while the Year-to-Date return stood at -2.03 per cent even as investors gained N13 billion. The All-Share Index closed at 26,328.22 against the previous close of 26,289.95 while Market Capitalization closed at ₦9.059 trillion...

Restoring normalcy to the lives of Internally Displaced Persons (IDPs) in the Northeast remains a firm commitment of the Federal Government, according to Ag. President Yemi Osinbajo, SAN. Osinbajo said this earlier today during a visit by the Executive Director of the United Nations World Food Programme (WFP), Ms. Ertharin...

The Nigeria Customs Service (NCS) has set a revenue target of between N700 and N900 billion for the 2017 fiscal year. NCS’ Comptroller-General, Col. Hammed Ali (rtd), made the projection when he spoke in Abuja during this year’s World Customs Day (WCO) with the theme: ‘Data Analysis for Effective Border...

Central Bank of Nigeria (CBN) has said on that those who oppose its foreign exchange policy are unpatriotic, after it came under criticism for pegging the naira at an artificially strong rate to the dollar despite heavy inflationary pressure. The naira can sell for almost N500/Dollar at the parallel market,...

Says DSS still hunting for Apostle Suleman We'll resist attempt to turn Nigeria to a refugee camp The Christian Association of Nigeria (CAN) has called on the acting President, Professor Yemi Osinbajo, to intervene in what it called the clampdown of   the Church in Nigeria. In a press statement signed...

By Abdul Olalekan Despite the devaluation of Naira and double digit inflation rate that have impacted businesses negatively and put the economy in recession, the nation’s Pension Funds may hit N7.2 trillion by December 2017, Business 247 News Online exclusively learnt. As at November 2016, the funds stood at N6.2...

By Abdul Olalekan Credit experts have advised Nigerians, especially the young ones, to start a career in credit management as the future of the country is a credit-based economy. Believing that effective credit management is vital for the working of modern economy, they called on Nigerians and Nigeria to embrace...

By Abdul Olalekan The Insurers Committee, under the leadership of National Insurance Commission (NAICOM) will converge at its 1st Annual Retreat to discuss innovation and healthy competition that will put insurance industry on the path of growth. A statement from the Head, Corporate Affairs, NAICOM, Mr. Rasaaq Salami, and made...

By Abdul Olalekan Muslim, Christian and traditional religions clerics have charged Nigerian youths, especially the graduates, to have entrepreneurial spirit as they said this remains the best way to survive the current economic recession in the country. The clerics, who spoke at the maiden outreach of the Taking All Men...