archiveApril 20, 2018

Trade transactions on the Nigerian Stock Exchange (NSE) closed in the negative territory on Friday as investors recorded a loss of N41 billion following losses recorded by 33 companies. The All-Share Index, (ASI) shed 0.28 per cent to 40,814.89 points, following sessions of mixed trading. Analysis of activities in the...

  The Securities and Exchange Commission (SEC) on Friday expressed plans to work with International Finance Corporate (IFC);  African Development Bank (ADB) for development of Sukuk bond investment. Acting Director-General SEC, Mary Uduk, said that the commission would engage with IFC, AFDB, state governments and Federal Mortgage Bank to include...

  BudgIT has advised the Nigerian government against the effects of gas flaring, which continues to contribute to irreversible environmental degradation, posing hazards to human health and loss of revenue in the country. BudgIT said that research revealed that Nigeria has a potential for the consumption of un-flared gas and...

    Mr Daniel Itsuokor, a 400 level student of Mathematics, University of Lagos (Unilag) has emerged overall best out of 56 participants in Mathematics competition organised by National Mathematical Centre (NMC). Unilag also triumphed over 14 other universities that participated in the competition. Prof. Stephen Onah, the Director/Chief Executive...

  The Consul General of Nigeria to the United States of America, Mr. Kayode Laro has said that Nigerians who are living in the United States of America are very hardworking people. Weighing in to the controversy trailing the recent comment by President Muhammadu Buhari, Laro expressed that the Consulate...

  MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, according to people familiar with the matter. The Bloomberg reported on Friday. The Johannesburg-based...

  As Nigerian Brent up at $73.79 per barrel U.S. President Donald Trump slammed the Organisation of Petroleum Exporting Countries (OPEC) for inflating oil prices after the cartel showed a willingness to further tighten crude markets, Bloomberg reports. “Looks like OPEC is at it again,” Trump said on Twitter, not...

  Four Nigerian companies in four key sectors of the economy have been listed among firms pioneering Africa’s integration in 18 countries in the continent. Telecommunications firm, Globacom, led the six African companies driving the amalgamation of economic activities within the continent. The other companies were Dangote Group (among the...

  The Senator representing Kaduna Central Senatorial District in the National Assembly, Comrade Shehu Sani, in a Facebook post on Friday, urged President Muhammadu Buhari to withdraw the statement he made about a lot of Nigerian youths being lazy. In addition, the Senator said the President should tell Nigerian youths...

  The chairman of the Tony Elumelu Foundation, Tony Elumelu, has said that government policies have become major hindrances to successes of endeavors of youths in Africa. He spoke at the spring meetings of the International Monetary Fund and World Bank Group. According to him, youths in Africa are “determined,...