archiveMay 2017

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...

Nigeria expects OPEC will extend production cuts for another six months, the country's minister for petroleum resources, Emmanuel Ibe Kachikwu, said on Tuesday. Still, he said, more needs to be done to bring the market into balance. Because production from shale in the United States can ramp up or be...

Former President, Chief Olusegun Obasanjo on Tuesday in Abuja express worry at unsuccessful prosecution of high-profile corruption cases in Nigeria. Obasanjo expressed his displeasure while delivering the inauguration lecture of the Olusegun Obasanjo Good Governance and Development Research Centre, National Open University of Nigeria, (NOUN). The title of the lecture...

Dangote Sugar Refinery .yesterday explained the reasons behind the firm’s failure to achieve its forecast for the first quarter of 2017. Speaking during the company’s Facts Behind the Figures presentation at The Nigerian Stock Exchange on Wednesday in Lagos, the company’s Acting Managing Director, Alhaji Sule Abdulahi attributed the problem...

About 15 commercial banks were on Tuesday barred from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale forex window. The decision by the Central Bank of Nigeria, CBN, to wield the big stick followed persistent complaints against the erring deposit money banks, DMBs, that...

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.80 per cent , while the Year-to-Date return stood at -3.38 on Tuesday as investors recorded a gain of N63 billion . The Al- Share Index closed at 25,965.18 against the previous close of 25,758.51 while...

• Says “there is light at the end of the tunnel” Speech delivered by Vice President Yemi Osinbajo, SAN, GCON at The Platform, a programme organised by the Covenant Christian Centre, Lagos on May 1, 2017. First, let me say how very honored I am to be here again at...