archiveFebruary 17, 2017

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...

First Ally Asset Management said the company, a fund manager and Top Services Limited (TSL) are floating a N20 billion Real Estate Investment Trust (REIT) on The Nigerian Stock Exchange (NSE) The close-ended REIT offer, consisting of 20 million units for subscription at N1, 000 per unit opened from February...

After closing positive on Wednesday, Nigerian bourse turned negative on Thursday when the prime indicators, All-Share Index and market capitalization depreciated by 0.30 per cent each. The All-Share Index closed at 25,055.29 basis points after it depreciated by 74.97  basis points or 0.30 percent from 25,130.29 it closed on Wednesday,...

Central Bank of Nigeria (CBN) said it has disbursed $2.83 billion to critical sectors of the economy in December and January, it said in a statement on Thursday, in an attempt to kickstart a struggling economy. The nation’s economy is wallowing in its first recession in a quarter of a...

The Nigerian Stock Exchange (NSE) and Securities & Exchange Commission (SEC) blacklisted 16 stockbrokers in 2016 for unauthorized sales of clients’ shares. A report obtained by our correspondent disclosed that Alhaji Maina Muninga, Mr. John Nsofor, Mr. Oye Oyefeso, Mr. Ayokunle Oyedeji, were blacklisted by The market regulatory bodies for...