archiveFebruary 2017

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.17 per cent, while the year-to-date return stood at -5.75 per cent. The All-Share Index closed at 25,329.08 against the previous close of 25,373.42 while Market Capitalization closed at ₦8.766 trillion against previous close of ₦8.781...

NAFDAC, SON now to grant licenses & approvals within stated time limits Acting President, Prof. Yemi Osinbajo, SAN, has said it is the role of government’s regulatory agencies to act as catalysts of beneficial change and to take responsibility for facilitating businesses in the country. Osinbajo told regulatory agencies on...

As FG’s efforts set economy on an upward trajectory There are now indications that the Nigerian economy is well on its way out of recession considering the 2016 overall and last quarter Gross Domestic Product reports. A review of the recent GDP figures released today by the National Bureau  of...

Zenith Bank Plc has announced 25 per cent increase in Profit Before Tax (PBT) from N125.6 billion in 2015 to N156.7 billion in 2016, driven by significant increase in non-interest income and gross earnings. Also, Zenith Bank reported a Profit After Tax (PAT) of N129.7 billion in financial year ended...

The Minister of Finance, Mrs. Kemi Adeosun on Monday, disclosed that the Development Bank of Nigeria (DBN) is being positioned to galvanise the Small and Medium Scale Enterprises sector for the overall development of the nation’s economy. The Minister, who spoke during a Board/Management/Development partners' retreat of the DBN in...

“We are unwavering in our commitment to the Niger Delta”— Acting President Osinbajo In what is called a ‘Gas Revolution,’ and following the renewed interactive engagements of the Federal Government with oil-producing communities in several states in the Niger Delta region, a plan to put in place a gas industrial...

The Federal Government recently revealed that after some couple of months of implementing the Treasury Single Account (TSA), it has been able to save over N4.3 trillion. It has also harmonized the inflow of revenues into the national purse. The policy, which has irked many public sectors previously benefiting from...

As the Federal Government continues its monthly Budget Support Facility to the states, a verification process to ensure that benefiting State governments comply with the mutually agreed Fiscal Sustainability Plan prescribed by the National Economic Council (NEC) has started. This disclosure emerged at the first NEC meeting this year, presided...

The Managing Director of Med-View Airline, Alhaji Muneer Bankole, has said that by April this year, the airline would expand its operations to Francophone countries within the West African states. Also, in the next three months, the airline would be hitting the market with an initial public offering (IPO) to...

Heritage Bank Plc has facilitated the disbursement of N3 billion (YIEDP) Youth Innovative Entrepreneurship Development Programme fund by the Central Bank of Nigeria (CBN) to beneficiaries The bank continued to take the lead in empowering youths to become entrepreneurs, which is amongst others is geared to creating jobs and distributing...