archiveFebruary 2017

Governor Seriake Dickson on Monday said the Memorandum of Understanding (MoU) signed between the Bayelsa State Government and the Bank of Industry (BOI) was a part of efforts to raise the N10 billion entrepreneurship development fund to create wealth for small and medium scale entrepreneurs in the state. Dickson, who...

The Nigerian Stock Exchange All-Share Index (NSEASI) and the Market Capitalization opened the week trading activities by as twin market indicators decreased by 0.38 per cent, while the Year-to-Date return stood at-6.07 per cent. The All-Share Index closed at 25,244.29 against the previous close of 25,340.02 while Market Capitalization closed...

Targets average 4.7% annual growth rate through 2020 Nigeria plans to generate as much as $16.4 billion through asset sales in the next four years to reduce the burden on the public budget, a Budget Ministry document showed. The sales will help to tackle inefficiencies and stem “corruption in public...

By Abdul Olalekan The 16 million motorists on Nigerian roads are in for a tough time as plans are ongoing to increase the Third Party Motor Insurance policy from the current N5,000 premium to N20,000, Business 247 News Online exclusively learnt. This is coming at a time Nigerians are still...

The Federal Government has now released enough funds to start the serving of one hot meal a day to more than one million primary school pupils across seven states in the country, under the National Homegrown School Feeding Programme. This disclosure was made on Monday by Mr. Laolu Akande, Senior...

A civil society organisation, Media Initiative against Injustice, Violence and Corruption (MIIVOC) has invoked the Freedom of Information Act in demanding for details of Annual Compliance Reports by Ministries, Departments and Agencies (MDAs) of the Federal Government with the FOI Act, from 2011 to 2016. MIIVOC made the demand, pursuant...

Dangote Rice, a subsidiary of Dangote Group is set to launch in Sokoto, Sokoto state it’s multi-million naira 25, 000 hectares of Rice Outgrower Scheme with a prospect of hundreds of thousands of employment opportunities for the rural communities inhabitants. President of the Group, Aliko Dangote disclosed at the weekend...

  Express fear over mismanagement, repayment Foreign investors’ confidence high Following the raising of $1 billion by the Federal Government through Eurobond which was oversubscribed by close to 800 per cent, stakeholders have advised government to invest the bond in infrastructure to yield the necessary impact. This is even as...

The crisis rocking BGL Securities Limited has claimed yet another victim as Mr. Chibundu Edozie has resigned his position from the board of Transcorp Plc. His resignation is coming on the heels of his suspension with Mr. Albert Okumagba, BGL’s Managing Director from participating in capital market activities for 20...

By Abdul Olalekan No fewer than 120 employees who experienced sudden loss of job in the year 2016 have been paid insurance claims under the Loss of Employment Income Scheme (LoEIS) of Anchor Insurance Ltd. A statement from the company and made available to Business 247 News Online, at the...