archiveFebruary 2017

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...

...Go and showcase potentials in electricity, oil and gas - Dickson Bayelsa State Governor Henry, Seriake Dickson, has expressed his administration's commitment to partner with the Chartered Institute of Bankers of Nigeria (CIBN) to explore areas of mutual benefits. The governor, according to a statement by his Chief Press Secretary,...

The Federal Government will soon increase Value Added Tax (VAT) on some luxury items in the country. The Minister of Finance, Mrs Kemi Adeosun, revealed this while briefing the State House Correspondents shortly after the Federal Executive Council (FEC) meeting presided over by the Acting President, Yemi Osinbajo, on Wednesday....

The Equities market dropped for the third consecutive trading session to record a decline of 0.51 per cent. Consequently, the Nigerian Stock Exchange All-Share Index (NSEASI) and Market Capitalization depreciated by 0.51 per cent, bringing the Year-to Date return to -3.61 per cent. Market Capitalization closed at N8.927 trillion against...

Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to urgently consider measures that would ensure a steady flow of produce to the market and reverse recent price increases. Giving the directive today (Wednesday) at the Federal Executive...

By Abdul Olalekan There are strong indications that the pension industry may have succeeded in snatching away annuity business from insurance industry, as some life insurance firms in the country have remitted their annuity fund to Pension Fund Custodians (PFCs) as earlier directed by the National Pension Commission (PenCom), Business...

By Abdul Olalekan 148 retirees from the Lagos State civil service were paid N597 million as their pension entitlements. The beneficiaries are retired civil servants of the Mainstream Civil Service, Local Governments and State Universal Basic Education Board (SUBEB), Teachers Establishments and Pensions Office (TEPO) and other parastatals of the...

….Investors in Guinness Nigeria loses 22.8% About 54 per cent of listed companies on the main board and premium board of the Nigerian Stock Exchange (NSE) remained unchanged in first trading month of 2017. Investigation by Business247 News Online revealed that 90 out of 169 companies share prices were unchanged...