archiveDecember 29, 2017

  The Nigerian Stock Exchange All-Share Index (NSEASI) and the Market Capitalization increased by 0.66 per cent, while the year-to-date return stood at 42.30 per cent on Friday, the last trading day for the year 2017. The All-Share Index closed at 38,243.19 against the previous close of 37,990.74 while Market...

  The Nigerian Stock Exchange (NSE) has reviewed the NSE-30, and the seven sectoral indices of the Exchange, which are NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas, NSE Pension and the NSE Lotus Islamic Indices. According a press statement from the Exchange, the composition...

  Governor Nyesom Wike of Rivers state on Friday kicked against the authorization for the Federal Government to withdraw $1billion from the Excess Crude Account (ECA) belonging to all tiers of government. Wike who was in Abuja to brief President Muhammadu Buhari on the current security situation in the state...

  President Muhammadu Buhari on Friday signed six bills including the Compulsory Treatment and Care for Victims of Gunshot Act, 2017 and the Niger Delta Development Commission (Establishment) Amendment Act, 2017 into laws. Sen. Ita Enang, the Senior Special Assistant to the President on National Assembly Matters (Senate), made this...

h President Muhammadu Buhari on Friday congratulated Mr. George Weah on his election as the   President of the Republic of Liberia. Buhari also commended the Liberian people on the peaceful conduct of the historic presidential run-off election, stressing that “this is another plus on Africa’s democratic scoreboard.” The President, in...

  President Muhammadu Buhari has said that the country’s huge rice import bill has dropped significantly by more than 90 percent but added that it is good enough as he believes that the country should be a net exporter. Receiving members of the All Progressives Congress (APC) from Kebbi State...

The Lagos Chamber of Commerce and Industry (LCCI) has predicted a Gross Domestic Product (GDP) growth rate of between three and four per cent for 2018. In its 2018 Economic Outlook released on Friday in Lagos, the LCCI also forecast an inflation rate of 13 per cent for the country...

Dangote Cement has received legislative approval from the Liberian Senate for the production of cement in the West African country. The approval followed the passing of the Investment Incentive Agreement between the country and Dangote Cement Liberia Limited with a value of $41 million. The agreement which followed the Senate...

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Friday released its 2015 Oil and Gas Industry Audit Report with various revelations and recommendations. NEITI’s main recommendations in the report is that the Federal Government should ask the Nigerian National Petroleum Corporation (NNPC) to fully account for over $16.8 billion (about...

  The wife of the Ondo State Governor, Arabinrin Betty Anyanwu-Akeredolu was yesterday honoured as the Imo State Patron of Boys’ Brigade of Nigeria at a colourful award and investiture service held at the Christ Anglican Church, Emeabiam, Owerri West LGA, Imo State. Mrs. Akeredolu expressed gratitude for the honour...