archiveFebruary 2, 2017

Amidst the decline in value turnover, the Nigerian Stock Exchange All-Share Index recorded a marginal gain of 0.13  per cent to halt the sentiment trading of the last three trading days, supported largely by improved buying interest in some banking stocks. Consequently, the index strengthened by 32.69 basis points to...

...receives 31-man delegation of Defence Attaches Bayelsa State governor, Henry Seriake Dickson on Thursday received a-31 man delegation of Defence Attaches across the globe and proffered non-violence approach to the security situation in the Niger Delta region and the entire nation as a whole. He received the delegation led by...

The Governor of Abia State, Dr Okezie Ikpeazu has met with management of Total E &P Nigeria Ltd over the lingering issues of none-remittances of revenue to the state by the multinational oil firm, and total neglect of the oil-bearing communities in Ukwa West LGA of the state, where the...

The Judicial Commission of Inquiry on pay roll fraud has presented the volume 1 of its report to the government with a shocking discovery. The Chairperson of the Commission, Hon. Justice Doris Adokeme while presenting the report to Governor Seriake Dickson at the Executive Chamber, Government House, Yenagoa on Wednesday...

The National Union of Electricity Employees (NUEE) on Thursday said the Kaduna Electric, has terminated the appointments of 530 of its members. Kaduna State Chairman of the union, Ephraim James, said in Kaduna that the company issued sack letters to the workers on February 1. “The termination letters are being...

Ghana’s budget deficit could be twice as big as previously forecast, Finance Minister Ken Ofori-Atta said a day after the government revealed a 7 billion-cedi ($1.6 billion) hole in the budget. The disclosure sent bonds tumbling. The shortfall as a percentage of gross domestic product could be close to “double...

  In a bid to promote local foods and strengthen the domestic market, Heritage Bank Plc, has sponsored Season-3 of Bukas & Joints, hosted by Olisa Adibua, a respected media personalities in the African continent. The launching of the screening of the Season-3 television food show in Lagos on Wednesday...

FMDQ OTC Securities Exchange recorded N113.66 trillion market turnover in 2016, 17 per cent below N137.43 trillion in 2015. The Exchange, in a statement, attributed the decline to last year’s, plummet in oil prices, limited access to foreign exchange, high inflation, low investor confidence (both local and foreign), among others....

Atlas Mara and Mastercard have signed three strategic business agreements, which aim to build a stronger digital payment ecosystem with a focus on accelerating financial inclusion in sub-Saharan Africa. Business247 Online  News notes that the strategic alliance will pave the way for up to 20 million consumers and 100,000 merchants...

The foreign portfolio investment (FPI) and domestic transactions in the equities market decreased significantly by 39.58 per cent from N1, 905.63 billion recorded within the same period in 2015 to N1, 151.38 billion at the end of 2016. According to The Nigerian Stock Exchange monthly domestic & foreign portfolio participation...