archiveMarch 30, 2017

The Federal Ministry of Finance on Thursday, announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN). The management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment as Managing...

The Nigerian Stock Exchange All -Share Index (NSE ASI) and the Market Capitalization increased by 1.05 per cent, while the year-to-date return stood at -4.99 per cent. The All-Share Index closed at 25,533.82 against the previous close of 25,267.68 while Market Capitalization closed at ₦8.835 trillion against previous close of...

The Joint Admissions and Matriculation Board (JAMB), has described as "misleading" reports in The Nation and some newspapers that it had dumped the Computer-Based Test (CBT) mode in the Unified Tertiary Matriculation Examination (UTME). The organisation has therefore restated its determination to continue all its examinations using CBT mode. A...

The Accountant-General of the Federation, Alhaji Idris Ahmed has issued a Circular extending the tenure of the Capital elements of the 2016 Budget until May 5, 2017 or the passage of the 2017 Budget, whichever is the earliest, Minister of Finance, Mrs. Kemi Adeosun has announced. Federal ministries, departments and...

*Highlights FG's difficulty recovering stolen assets from banks abroad @ global forum in Paris Vice President Osinbajo (SAN) has said that the tracing, freezing and return of “stolen assets have proved in many cases to be exceptionally difficult for most African countries”. He said this on Thursday at the opening...

The Debt Management Office (DMO) on Wednesday listed 2.1 billion (2.067.961,000 ) units of FGN savings bond series 1 on the Nigerian Stock Exchange (NSE). Director-General of the DMO, Dr. Abraham Nwankwo, while speaking at the listing on The Exchange commended Nigerians for participating in the first issuance of this...

Impressed with the strong financial performance in 2016, despite the difficult operating environment, shareholders of Access Bank Plc have commended the board and management of the bank. The shareholders, who gave the commendation at the bank’s annual general meeting (AGM) in Lagos, yesterday also approved a final dividend of 40...

Heritage Bank Limited has enhanced capacity of Ex-Housemates of Big Brother Naija reality TV show and other emerging 21st century entrepreneurs at an SME enhancement capacity training programme. Speaking at the breakfast meeting in Lagos, Mr. Ejikeme Obiano, Head, Solutions and Propositions of Heritage Bank said the bank was committed...

As part of efforts at continuing to meet the tastes and lifestyles of the Nigerian consumers, Euro Global, a leading foods and distilleries company, has launched two new products into the Nigerian foods and drinks market. The two new products, Power Spirits Drink (bottle and Can) and Golden Choco were...

The Nigerian equities market further declined on Wednesday with the All Share Index (ASI) dropping 0.55 percent to close at 25,253.87 points compared to 0.31 percent lost previous session when ASI settled at 25,406.72 points. The day’s performance erased month to date gains to record returns of -0.24 per cent...