archiveOctober 3, 2017

The Nigerian Stock Exchange All Share Index (NSE ASI) opened the trading week on Tuesday in the negative territory as the Market Capitalization decreased by 0.38 per cent while the year-to-date return stood at 31.37 per cent as investors recorded a loss ofN46 billion. The All-Share Index closed at 35,306.09...

The Minister of State for Petroleum, Mr. Ibe Kachikwu, has allegedly reported the Group Managing Director of the NNPC, Maikanti Baru, to President Muhammadu Buhari, urging him to take urgent actions on matters ranging from alleged illegal practices to insubordination, Premium Times reports. Kachikwu said he found it pertinent to...

• As Senate considers scrapping of Post-UTME exams The House of Representatives has mandated its Committee on Tertiary Education and Services to investigate the circumstances surrounding the reduction of cut-off marks for admitting candidates into tertiary institutions. This followed a motion by Hassan Saleh (Benue-APC) on the “Need to Investigate...

The Senate on Tuesday drilled the Minister of Finance, Mrs Kemi Adeosun and her Budget and National Planning counterpart, Senator Udoma Udo udoma following what it called poor implementation and releases so far made out of the N7.4trillion in funding the 2017 budget. The Senators, who frowned at the poor...

In continuation of its efforts to sustain foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN), on Tuesday, injected $195 million in the Inter-bank Foreign Exchange Market. Figures released by the Bank show that it offered the sum of $100 million to the wholesale segment, while the...

The Presidential Enabling Business Environment Council (PEBEC) has approved a second 60-day National Action Plan (NAP 2.0) to drive reforms aimed at making Nigeria an easier place to do business. The approval granted at a meeting presided over by Vice-President Yemi Osinbajo, at the Presidential Villa, Abuja, on Tuesday, has...

Nigeria remains amongst the top ten countries at highest risk of cyber attack as the country now in number nine on the list having climbed one position from last month. This fact is according to Check Point Software Technologies Ltd August Global Threat Impact Index released at the weekend. It...

Nigerian Breweries Plc has concluded plans to hold the ninth edition of its Golden Pen Awards aimed at rewarding media excellence, on October 6, 2017, at the Zinnia Hall of Eko Hotel and Suites, Victoria Island, Lagos. The company announced that over 250 entries were received when submission closed for...

The sales of Nigeria’s crude oil to the United States increased by 32.1 per cent to $2.7 billion or 52.36 million barrels in the first half of this year as against the figure in the same period of 2016. This is according to the US Energy Information Administration, the statistical...

The management of Dangote Group has debunked a story alleging that the company will benefit ten-year tax holiday after constructing 35 kilometre Apapa to Oworonshoki highway end of the Lagos-Ibadan Expressway. Speaking at the Ikoyi head office, on Monday, Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries...