archiveOctober 6, 2017

Investors on the Nigerian Stock Exchange closed the week trading on Friday with a gain of N188 billion as the All-Share Index (NSE ASI) and the Market Capitalization increased by 1.53 per cent, while the year-to-date return stood at 35.15 per cent. The All-Share Index closed at 36,320.93 against the...

Groups including the Nigeria Labour Congress (NLC), the Peoples Democratic Party (PDP), the Nigerian Extractive Industry Transparency Initiative (NEITI), the Africa Network for Environment and Economic Justice (ANEEJ) and the Socio-Economic Rights and Accountability Project (SERAP) are some of the groups mounting pressure on President Muhammadu Buhari to get to...

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy, on Friday announced a plan to host 1,300 African Entrepreneurs, Business leaders and Policymakers from 54 countries in Lagos. Mrs. Parminder Obe, the TEF’s Chief Executive Officer, who made this known at a briefing in Lagos, said the 3rd Annual TEF Entrepreneurship...

The president general of the umbrella Igbo socio-cultural group, Ohanaeze Ndigbo, Mr. John Nwodo, has said that the agitation for the restoration of Biafra is not an Igbo agenda. He made this known in Umuahia, Abia state capital, at the third inauguration of the state and local government executives committees...

...Minister declines to comment after Minister of State for Petroleum Resources, Ibe Kachikwu, has held a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja. He arrived the Villa at about 11:35am and walked straight to the President’s office, looking unperturbed over the controversies that arose from his letter...

South African PPC said on Friday that Nigeria's Dangote Cement had withdrawn its interest in a tie-up with the South African firm, sending its shares more than 13 per cent lower. Africa's richest person Aliko Dangote joined the race to buy South Africa's biggest cement producer in September. PPC is...

Zenith Bank Plc has been rated the first Nigerian company and first African financial institution to adopt the Global Reporting Standards on sustainability of the Global Sustainability Standards Board. A statement by the bank in Lagos on Thursday said it had received a letter of commendation on this feat from...

The Federal Government is making arrangements to shut down the operations of the National Economic Reconstruction Fund (NERFUND) at the end of October due to huge non-performing loans of about N17.5 billion. A competent source at the Federal Ministry of Finance told the News Agency of Nigeria (NAN) on Thursday...