archiveJanuary 2018

  Statistician General of the Federation and Chief Executive Officer of the National Bureau of Statistics (NBS), Mr. Yemi Kale has dismissed the job creation numbers being touted by the President Muhammadu Buhari administration. According to Kale, the NBS which is the agency with the legal mandate to generate national...

After the profit taking by investors for most part of last week that brought down the value of the market moderately, the Nigerian Stock Exchange kicked off trade transaction on Monday on positive note as the All-Share Index which closed the week on Friday at 43,773.76 basis points, closed stronger...

  President Muhammadu Buhari on Monday canvassed for the speedy establishment of a single, unified market structure in Africa to increase trade, create more jobs and reduce poverty in the continent. The president made the call while presenting Nigeria’s position in favour of the report on the establishment of a...

  The decision to change the ownership structure of the Nigerian Stock Exchange (NSE) was to open up the capital market, Speaker of the House of Representatives, Yakubu Dogara, explained. The Speaker said the decision was also to make the market conform to global best practices, to make it more...

  Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the good performance was as a result of foreign investors. The New York-based financial software, data, and media company, said net foreign inflows to Nigerian equities totalled 337 billion naira...

The Federal Government said it made N196.3 million from sales of savings bond in January. This is according to the Debt Management Office (DMO). The results of the sales published on the DMO website on Monday, showed that N73.05 million was allotted at 12.09 per cent with 121 successful subscriptions...

There is high level of resistance to antibiotics by a number of serious bacterial infections. This is happening in both high- and low-income countries, the World Health Organization, WHO’s first release of surveillance data on antibiotic resistance reveals. The report – Global Antimicrobial Surveillance System (GLASS) published on WHO’s website,...

Etihad Airways has reaffirmed its commitment to Nigeria with the announcement of two additional weekly flights on the popular Abu Dhabi-Lagos route, taking it to a daily service. The new Tuesday and Thursday services will start on May 1, 2018. The route will continue to be operated by a two-class...

Nigeria’s business mogul, Alhaji  Aliko Dangote, is to donate N1.2 billion structure for running of the Business School in Bayero University, Kano. The building, which will be handed over to the university management formally next month, is a state of the art edifice and will effectively mark the commencement of...

  MTN’s share price was little changed from Friday’s closing price of R134.75 after it said on Monday morning it expected to report a return to profit. MTN said its results for the year to end-December, scheduled for release on March 8, would show a return to profit for both...