archiveOctober 25, 2017

Ecobank Transnational Incorporated (ETI) on Wednesday announced 12 per cent increase in profit for the nine months ended September 30, 2017 to N57.95 billion from N51.76 billion in nine months ended September 30, 2016. The pan-African financial institution profit before tax also rose by marginally by three per cent to...

…Says Nigeria’s debt to GDP ratio is within a reasonable threshold The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts of the immediate past government. The outlay is part of the US$5.5...

The National Universities Commission (NUC) has said that only 30 per cent out of the 1.7 million candidates who wrote the Unified Tertiary Matriculation Examination (UTME) will be admitted this year. The Executive Secretary of the commission, Prof. Abubakar Rasheed, said this at a one-day public hearing on the regulatory...

  The Nigeria Employers Consultative Association on Wednesday disagreed with the House of Representatives over the powers of the National Assembly to probe the activities of private companies operating in the country. NECA currently contesting the legislative duty of the National Assembly under Sections 88/89 of the 1999 Constitution to...

Activities on the Nigerian Stock Exchange (NSE) sustained positive trend as the All-Share Index improved further by 0.25 per cent on Wednesday. The index rose by 91.23 points or 0.25 per cent to close at 36,622.85 compared with 36,531.62 achieved on Tuesday while the market capitalisation which opened at N12.574...

The Federal Government of Nigerian  has ordered the National Agency for Food and Drug Administration and Control (NAFDAC) to reduce products’ registration period. Vice President, Yemi Osinbajo, gave the directive in Abuja on Tuesday at the NAFDAC stakeholders’ consultative forum on the ease of doing business in Nigeria. Osinbajo, who...

SEC says Oando declared dividends from unrealised profits, released false financial statements Oando Plc has obtained an ex-parte order from the Federal High Court restraining the Nigerian Stock Exchange (NSE) from implementing a technical suspension on its shares. The company’s Head, Corporate Affairs, Alero Balogun, said on Tuesday that the...