archiveMarch 31, 2017

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.07 per cent while the year-to-date return stood at -5.05 per cent as investors in equities on the bourse closed the last trading day of the week with N6 billion loss. The All-Share Index closed at...

As part of efforts aimed at boosting exports in Nigeria, Fidelity Bank has continued to be the vanguard of providing capacity building initiatives for customers and the business community across the country. To this end the bank in collaboration with the Nigerian Export Promotion Council (NEPC) and Ghanaian based West...

*French Prime Minister pours encomiums on President Buhari & Vice President Osinbajo Nigeria and France will continue to deepen the buoyant diplomatic, economic and military relationships between the two countries, even as both the Federal Government and the French Republic are now exploring new ways to confront and defeat the...

Experts in the travel and tourism industry have stated that cooperation among the major stakeholders in the industry is the panacea for growth. This was stated at the recently concluded Tourism Summit which had the theme “Redefining the Roles of Industry Stakeholders in Shaping the 21st Century Travellers Experience”. The...

Legislation paving the way for the eventual listing of shares in the Nigerian Stock Exchange (NSE) should be passed this year with the government supporting the move, the bourse's chief executive Oscar Onyema said on Friday. The bourse, which is owned by stockbrokers and some institutional investors, announced on Thursday...

South Africa's Tiger Brands is still interested in investing in Nigeria despite pulling out of a flour milling business it acquired that never turned a profit, local conglomerate UAC said on Friday. UAC's chief executive said its partnership with the food company was paying dividends and in recent conversations the...

A Professor at the University of Nigeria, Nsukka, Prof Aloysius Okolie has applauded the Nigerian Senate for slamming a six-month suspension on Senator Ali Ndume for bringing the upper house into disrepute. Okolie, of the Department of Political Science, was speaking with newsmen in Nsukka on Friday. According to the...

Three months after his inauguration, President Nana Akufo-Addo has appointed a new governor for Ghana’s Central Bank. He is Ernest Addison, an Economist. He takes over from Abdul-Nashiru Issahaku, who tendered his resignation from the bank on March 29 about 11 months after being appointed. According to a statement by...

The Senate passed the Electoral Act No. 6 2010 (Amendment) Bill 2017 into law. The passage of this Bill in the Senate is a bold, innovative and common sense step on Electoral Reforms designed to guarantee free, fair and credible elections in Nigeria. Without much ado, these are some of...

Union Bank of Nigeria Plc has announced its audited financial statements for the year ended December 31, 2016 with profit before tax gaining six per cent to N15.7billion from N14.9billion in 2015. Gross earnings rose by eight per cent to N126.6billion from N117.2billon in 2015. Interest income increased by eight...