archiveMay 3, 2017

The equities market closed bullish on Wednesday as Nigerian Stock Exchange All Share Index (NSE ASI) gained 151.61 basis points, representing an increase of 0.58 per cent to close at 26,116.79 basis points. Similarly, the Market Capitalization gained N52.41 billion, representing an increase of 0.58 per cent to close at...

The three-man Presidential Investigative Panel set up by President Muhammadu Buhari, GCFR, under the chairmanship of Vice President Yemi Osinbajo, SAN has completed its assignment on Wednesday and is scheduled to present its reports to the President on Monday, May 8, 2017. The Committee was set up to inquire into...

The Managing Director, Wema Bank Plc, Mr. Segun Oloketuyi has said the financial institution is targeting three million customers by 2020 with the launching of ALAT, said to be the first fully digital bank in Nigeria. Oloketuyi said Wema Bank was happy to power ALAT as the first Digital Bank...

Amnesty International has accused the Nigerian government of stifling freedom of expression in the country. The group, in a statement released to mark the World Press Freedom Day on Wednesday, said the Federal Government has stepped up its attempt to crush press freedom. According to the group, “An escalating spate...

The Federal Government of Nigeria plan (FGN) is to auction 140 billion naira ($446 million) in bonds on May 10, the Debt Management Office (DMO) said on Wednesday. The debt office will sell 40 billion naira of bonds due in 2021 and 50 billion naira each of bonds due in...

MTN Group reported a 7.1 per cent rise in first-quarter group revenue helped by a strong performance in data services, Africa's biggest mobile phone operator said on Wednesday. Ratings agency Fitch downgraded MTN to junk status in April and gave it a negative outlook, citing weakness in the economic and...

Playing host to a select media last Friday at Sabo, Yaba, the Managing Director of Jumia Travel, Kushal Dutta, disclosed that the online travel agency records double-digit growth on a monthly basis. Explaining the company’s achievement, Dutta adds that Jumia Travel has grown 4,000 times from where it started, saying...

Vice President Yemi Osinbajo on Wednesday presided over the Federal Executive Council (FEC) meeting at the State House Abuja as President Mohammadu Buhari , for the fourth time in a row, failed to attend the all-important meeting. The continuous absence of the President at the all-important meeting of the state...

The National Bureau of Statistics (NBS) has revealed that the total foreign and domestic debt stocks of the federal and the 36 states governments as at December 31, 2016 stood at about $11.41 billion and N14.02 trillion respectively. The NBS latest release on the position of the Nigerian Domestic and...

The Central Bank of Nigeria (CBN) on Tuesday released its Purchasing Managers Index (PMI) report for April, which indicated expansion in most subsectors of the economy during the month, sign that the economy is fast recovering. The Manufacturing and Non-Manufacturing PMI Report on businesses is based on data compiled from...