archiveNovember 14, 2017

The Nigerian bourse recorded a massive value erosion of N125 billion on Tuesday due to profit taking by investors even as the Exchange’s All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.96 per cent, while the Year-to-Date return stood at 37.50 per cent. The All-Share Index closed at...

  Osinbajo says FG will consider all possible solutions President of Dangote Group, Alhaji Aliko Dangote has said that the Federal Government loses over N10 billion a day to the Apapa Wharf gridlock. The business mogul disclosed this in Abuja on Tuesday at the end of a government/private sector meeting...

President Muhammadu Buhari on Tuesday said in Abakaliki, Ebonyi State that ‘Igbo is Nigeria and Nigeria is Igbo. Both are inseparable” and thereby advised people of the South East not to buy into what he described as senseless propaganda on secession. The President said the people of South East were...

Nigeria beats Argentina 4-2 Argentina's Sergio Aguero, center, challenge for the ball with Nigeria's Leon Balogun, right, during the international friendly soccer match between Argentina and Nigeria in Krasnodar, Russia, Nov. 14, 2017. Argentina striker Sergio Aguero was taken to a hospital for checks after he fainted during halftime of...

The Nigerian Governors Forum (NGF) and the Economic and Financial Crimes Commission (EFCC) have kicked against the National Assembly granting autonomy to the Nigeria Financial Intelligence Unit (NFIU). This is as EFCC and the NGF urged that NFIU should be retained as a unit of the anti-graft agency, the Nigerian...

Dutch textile and design company, Vlisco Group on Tuesday held a high-level discussion with the Honourable Minister of Finance, Mrs. Kemi Adeosun, over its proposed investment in the Nigerian cotton textile industry. The Chief Executive Officer of Vlisco Group, Mr. David Suddens, who led the group’s delegation to the meeting...

The Nigerian Stock Exchange said it has upgraded its website, www.nse.com.ng, to be mobile friendly with a cleaner layout and navigation befitting of the brand. According to a press statement from the bourse, the upgraded website will enable users to access information quickly and easily on the various products and...

The Senate on Tuesday approved President Muhammadu Buhari’s request for the country to borrow $5.5 billion from foreign investors. The money is designed to plug a large gap in Nigeria’s finances that stems in part from the global fall in oil prices. The nation’s economy grew in the second quarter,...

The International Air Transport Association (IATA) said the total amount of revenues owed to international carriers by some African countries, including Nigeria, have risen to N366 billion ($1.2 billion). This was disclosed by IATA’s Vice President for Africa, Raphale Kuuchi at the on-going aviation conference in Kigali, the Rwandan capital....

  The Association of Concerned Bayelsa Professionals (ACBP) has condemned what it said were calculated attempts by former governor of the state, Timipre Sylva, to disrupt peace and stability in the state. The organisation specifically referred to a report credited to the Media Office of the former governor describing the...