archiveNovember 2017

The Nigerian Equities market maintained its position in the green zone with a positive All-Share Index close at 37,709.20 points, representing a 0.55 per cent increase on the 37,503.73 points recorded at the close of the previous trading session. Market capitalization similarly closed higher at 13.114 trillion naira and market...

  Nigerian Breweries Plc was recently honoured for its outstanding performance in the Consumer Goods Sector of the Nigerian economy at the 2017 Pearl Awards. The company was presented with the 2017 Sectoral Leadership Award in the Consumer Goods Category (Breweries) at the event which held at the Grand Ball...

The Lagos Business School (LBS) has commenced the process of building an International Management Research Centre to be named after the late Nigerian technocrat and administrator, Gamaliel Onosode. To mark the occasion, a sod-turning ceremony was held at the centre’s construction premises at the Lagos Business School on Wednesday, November...

The Honourable Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, from Office, to allow for an unhindered investigation of several allegations of financial impropriety levelled against him. According to a press statement by the ministry signed by...

  Debate on migration a ‘priority’ for European leaders: analyst Summit comes amid reports of migrant slave markets in Libya European and African leaders gathering in Ivory Coast have an opportunity to confront one of the biggest sore points between the two continents: migration. The two-day African Union-European Union summit...

Calls for public probe of Maina’s reinstatement After its consultative meeting with representatives of civil society groups drawn from the six geo-political zones of the country in Abuja on Tuesday, the Conference of Nigeria Political Parties (CNPP) has issued a 14-day ultimatum to the Federal Government to order all its...

  The Federal Government has declared Friday, December 1, 2017 as public holiday to mark the Eid-El-Maulud. The Minister of Interior, Lieutenant General Abdulrahman Bello Dambazau (retd), declared the holiday on behalf of the Federal Government. Dambazau enjoined all Muslim faithful and Nigerians to use the Eid-El-Maulud celebration to pray...

  How much has Nigeria raised in the international capital markets and at what price? Nigeria has raised a total of US$3 billion. The Notes comprise a US$1.5 billion 10-year series and a US$1.5 billion 30-year series.  The 10-year series will bear interest at a rate of 6.5%, while the...

The Nigeria Senate President, Bukola Saraki, has alleged that proceeds of corruption recovered by the Federal Government were being looted by anti-corruption agencies. Saraki said this in his remarks at the ‘Strategic Retreat on Tracking the Progress of Anti-Corruption Bills in the National Assembly’ in Abuja on Tuesday, stressing that...

  Says AfDB gives Nigeria $250m to fix North East President of the African Development Bank (AfDB), Mr. Akinwumi Adesina has said that the bank has released $250 million for the construction and rehabilitation of the Northeast of Nigeria, destroyed by the Boko Haram insurgents. The president said that the...