archiveFebruary 15, 2017

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.39 per cent while the Year-to-Date return stood at -6.49 per cent on Wednesday trading. The All-Share Index closed at 25,130.26 basis points against the previous close of 25,032.17 basis points while   the Market Capitalization closed...

The President, Nigeria Labour Congress (NLC), Mr Ayuba Wabba, says the Federal Government and the organised Labour movement in the country have reached a consensus to review the National Minimum Wage. Wabba, who disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja, said...

The National Bureau of Statistics (NBS) has said that the countr’s Consumer Price Index, which measures inflation, increased by 18.72 per cent (year-on-year) in January from 18.55 per cent recorded in December, 2016. The CPI, which measures the average change over time in prices of goods and services consumed by...

Dangote Food companies reward distributors with cash prizes Distributors of the Dangote foods companies, including Dangote Flour, Sugar and Salt smiled home Tuesday night as the management of the companies doled out over N2 billion as rewards for their loyalty to the companies over the past one year. At a...

Following the recent decline in oil prices, federation account allocations to states have dropped by an average of about N2 billion monthly per state, which partly explains their inability to meet some basic recurrent expenditures including payment of workers’ salaries. As a result of this, the government of Lagos has...

The Central Bank of Nigeria (CBN) has debunked claims that about 20 per cent of the naira notes in circulation were counterfeit. The CBN in a statement on Tuesday said that the security features in the currency had made it difficult for the naira to be counterfeited and that less...