archiveApril 2017

Some financial experts have expressed optimism that there would be increased liquidity in the capital market in the second quarter of this year. They told the News Agency of Nigeria (NAN) in Lagos on Wednesday that the sustained economic recovery measures of the Federal Government would impact positively on the...

Nigeria plans to raise 135 billion naira ($429.25 million) in naira-denominated bonds at its April 12 debt auction, the fourth this year, the Debt Management Office said on Wednesday. The debt office said it would raise 35 billion naira in bonds due to mature in 2021, 50 billion naira maturing...

Being the address given by the President Muhammadu Buhari (GCFR) of the Federal Republic of Nigeria, at the launch of Nigeria’s Economic Recovery and Growth Plan (ERGP, 2017 – 2020) at the Council Chambers, State House, Abuja, Wednesday, April 5, 2017. As we all know, this Administration inherited numerous challenges....

The Naira on Tuesday appreciated against the dollar at the parallel market after a sustained one-week depreciation. The Nigerian currency traded between N380 (buying rate), and N390 (selling rate) stronger than N395 recorded on Monday, while the Pound Sterling and the Euro closed at N480 and N415 respectively. At the...

China has offered Nigeria a $4.5 billion loan for agricultural machinery and infrastructure, a Nigerian state governor said on Tuesday. Zamfara state governer Abdulaziz Yari said the loan had a 20-year repayment period at an interest rate of 1 percent. "China is giving us a credit line of $4.5 billion...

Oando has announced audited results for the year ended December 31, 2016, with the profit-after-tax gaining 107per cent to N3.5 billion compared to a loss of N47.6 billion in 2015. The indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, on Tuesday announced a turnover that increased...

The Board of Directors of DAAR Communications Plc at its 73rd Board Meeting held on Friday March 17, 2017 confirmed Dr Ambrose Olutayo Somide as the new Managing Director of the Radio Services – Strategic Business Unit (SBU) of DAAR Communications Plc conglomerate which includes both RayPower FM and FAAJI...

President Muhammadu Buhari will inaugurate the Economic Recovery and Growth Plan (ERGP) 2017-2020 on Wednesday The Special Adviser on Media and Publicity to the President, Mr. Femi Adesina, disclosed in a statement on Tuesday in Abuja. Adesina said the inauguration of the plan was in furtherance of the current administration’s...

Equity transaction on the Nigerian Stock Exchange continued its bearish run from where it began the second quarter of the year on Monday as the All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.03 per cent on Tuesday while the year-to-date return stood at -5.99 per cent as...

The House of Representatives has urged the Joint Admissions and Matriculation Board (JAMB) to extend the one month deadline given to applicants for the 2017 UTME exercise by at least another month to create more space for prospective applicants. The call was contained in a motion on Tuesday raised by...