archiveNovember 2017

The Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization increased by 0.56 per cent while the year-to-date return stood at 37.26 per cent as investors on the Exchange gained N72 billion on Wednesday. The All Share Index closed at 36,887.20 against the previous close of 36,680.29 while...

Bayelsa State Governor, Henry  Seriake Dickson on Wednesday in Yenagoa presented the Certificate of Occupancy (C of O) to the management team of the proposed Brass Fertilizer Company Limited in Bayelsa State‎. The presentation took place just‎ before the kick off of the 83rd State Executive Council Meeting. The governor...

  Nigerians from across political divide have been sending message of condolence to Asiwaju Bola Ahmed Tinubu on the death of his son, Jide. His death was announced through a memo sent to members of the‎ All Progressives Congress (APC) in Lagos by the Chairman of the party in Lagos,...

MTN Group is focused on laying the groundwork for an Initial Public Offering (IPO) of its Nigerian business and should complete the process in the next six months, CEO Rob Shuter said. Its CEO, Rob Shuter, expects the process of listing in Lagos to be completed in six months; the...

Senate President Bukola Saraki has said that the National Assembly and the executive would work together to ensure the passage of the 2018 Appropriation Bill in December. The Bill which was approved by the Federal Executive Council (FEC) last Thursday is yet to be submitted to the National Assembly. Speaking...

  Twenty three radio and television stations across Nigeria have been fined for various breaches of broadcasting rules set by the National Broadcasting Commission (NBC). The NBC spokesperson, Maimuna Jimada, said in a statement that the stations were punished for hateful speech, vulgar lyrics and unverifiable claims. The breaches contravened...

Purchasing Managers’ Index (PMI) Survey Report of the Central Bank of Nigeria (CBN) for the month of October indicates that the production level index for manufacturing sector grew for the eighth consecutive month in October 2017 at 58.4 points. The index indicates an increase in production at a slower rate,...

The Finance Correspondents Association of Nigeria (FICAN) and BudgiT, a civic-tech organisation will be holding a forum on effective budget reporting, monitoring and implementation. The maiden ‘Meet-the-Executive,’ holds at the  Lagos on November 7, 2017, with the theme: “Budget Analysis, Monitoring and Implementation: The Role of Financial Journalists.” The event...

  President Muhammadu Buhari welcomes most heartily the phenomenal improvement of Nigeria on the World Bank’s Doing Business latest rankings released Tuesday. In addition to moving up 24 places in the rankings, Nigeria is also reported by the World Bank to be among the top-ten reformers globally. According the President,...

  Oando Nigeria Plc has recorded N383.5billion turnover in its third quarter (Q3) operations ended September 30, 2017 as against N329.9 billion achieved in the corresponding period in 2016. This represents 16 per cent rise. The company’s gross profit also increased by 148 per cent from N28.6 billion to N71.2billion...