archiveFebruary 9, 2017

Equities transactions on The Nigerian Stock Exchange continue its bearish run as the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.54 per cent, while the Year-to-Date return stood at -5.78 per cent. The All-Share Index closed at 25,322.30 against the previous close of 25,460.45 while Market...

The Federal Government on Thursday announced that its $1 billion Global Medium Term Note programme was eight times oversubscribed with orders in excess of US$7.8 billion compared to a pre-issuance target of US$ 1.0 billion demonstrating strong market appetite for Nigeria. According to a press statement signed by Salisu Na’inna...

Volume of trade between Nigeria and the United Kingdom could exceed £20 billion by 2020, President of the Nigerian-British Chamber of Commerce (NBCC), Adedapo Adelegan, has said at the 40th anniversary press conference organised by the chamber in Lagos. He said: “Despite recession, I see the trade surpassing £20 billion,...

Unity Bank Plc has introduced an electronic product tagged " Unity 1 Account" that puts customers in charge of their banking experience, offering greater electronic convenience and interactivity for online account opening with minimal documentation. With Unity1 Account, customers are able to open their bank accounts and carry out transactions...

Thirty-two lucky customers of Skye Bank Plc., across different business locations of the Bank, have emerged winners in the on-going Western Union campaign. The winners who emerged through a raffle draw, won various prizes which include N60,000 worth of shopping vouchers for 10 Star customers who received and sent transfers...

About 300 protesters led by the President, National Association of Nigerian Students (NANS), Chinonso Obasi, on Thursday stormed Abuja with placards demanding the prosecution and imprisonment of the Vice Chancellor of Michael Okpara University of Agriculture, Umudike, Prof Francis Otunta, over alleged fraud and bad governance. During the protest which...

The Nigerian Stock Exchange (NSE) on Thursday admitted through Listing by Introduction of 29,464, 249,300 Ordinary Shares of Jaiz Bank Plc at N1.25 per share. The listing has added N36.8 billion to NSE market capitalisation. The Managing Director, Jaiz Bank Plc, Mr. Hassan Usman, at the listing presentation, said the...

The Christians Association of Nigeria (CAN) has expressed deep concerned about the ongoing national conversation on the absence of the President due to ill- health, it called for prayer for the President and cautioned the people against unfounded rumour on the state of his health. In a press statement signed...

A giant list of leading U.S. technology companies signed on to a legal filing objecting to President Trump's ban on entry into the U.S. for citizens of seven Muslim-majority countries. A roster of leading U.S. technology companies, including Microsoft, Apple, Google and Facebook have threw their weight behind Washington state’s...

As Nigerians and businesses grope in darkness, Honorary Adviser to the President of Dangote Group, Eng. Joe Makoju has advocated adequate funding and restructuring of the Power sector so as to achieve relative stability in electricity generation and distribution He said the power sector is currently bankrupt to the point...