archiveJanuary 2017

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.05 per cent, while the Year-to-Date return stood at -2.44 per cent. The All-Share Index closed at 26,217.54  against the previous close of 26,231.37 while Market Capitalization closed at ₦9.021 trillion against previous close of...

Guinness Nigeria Plc, held its Extra-Ordinary General Meeting (EGM) on Tuesday, 24th January 2017 and received the approval of its shareholders for a proposed Rights Issue. The meeting which took place in Lagos was well attended by local shareholders and representatives of international shareholders. In addition to the Rights Issue,...

  Ahead of 2017 Unified Tertiary Matriculation Examination (UTME), the Joint Admissions and Matriculation Board (JAMB) has agreed on a harmonized timetable with other examination bodies in the country to have a hitch free examination. This was revealed in a press statement by the Head Information of JAMB, Fabian Benjamin....

Abia State Governor, Dr Okezie Ikpeazu, has expressed gratitude to the Federal Government of Nigeria for the confirmation of his position that Aba, the commercial nerve centre of Eastern Nigeria, is the national Capital of Small and Medium Scale Enterprise in Nigeria. Ikpeazu said this when he joined the Acting...

Remarks by His Excellency, the Vice President, Prof Yemi Osinbajo, SAN, GCON at the Media Launch of MSME Clinics at the State House Banquet Hall, Abuja on Tuesday January 24, 2017 Protocols I am pleased to be here at this media launch of the MSME Clinics. Sometime in July 2015...

The Central Bank of Nigeria (CBN) on Tuesday   said it has retained the Monetary Policy Rate (MPR) at 14 per cent with +/- 200 and 500 asymmetric corridor. The CBN Governor, Mr. Godwin Emefiele, who disclosed this on Tuesday at the end of 2017’s first Monetary Policy Committee (MPC) meeting...

Vice President, Yemi Osinbajo, has emphasised that the private sector is very key to getting Nigeria out of recession. In his opening remarks at the Second Presidential Business Forum, a platform to engage and interact with the private sector to keep it abreast with government’s policies, programmes and activities, he...

  Nigeria plans to raise around 242 billion naira ($772 million) in short-dated treasury bills at an auction on February 1, 2017 the Central Bank of Nigeria (CBN) said on Tuesday. The bank said it would raise 45.17 billion naira in three-month debt, 80 billion in six-month bills and 117.22...

Daar Communications, owners of African Independent Television (AIT) and Ray Power has announced a loss of N1.5 billion for financial year ended December 2015. The indigenous media company had announced a loss of N107 million in 2014 despite recording improved revenue. For the 2015 financial year, Daar Communications revenue rose...

By Abdul Olalekan The 58 insurance and reinsurance companies in the country will have their capital base verified by the National Insurance Commission (NAICOM) in a move that will lead to commencement of Risk Based Supervision (RBS) and recapitalisation, Business 247 News Online has learnt. This exercise is coming up,...