archiveMay 2018

  Presidential aspirant, Prof. Kingsley Moghalu, has promised to deliver “economic” restructuring of Nigeria along the six geopolitical zones of the country, if elected in 2019. Speaking recently in Awka, capital of Anambra State, Moghalu said restructuring the country along the geopolitical zones will deliver economy of scale in each...

The Presidency on Sunday warned that the defeat of President Muhammadu Buhari and the return of the Peoples Democratic Party (PDP) to government in 2019 will reverse the gains the present administration has made since coming into office in 2015. Senior Special Assistant to the president on Media and publicity,...

  The Senate of the Federal Republic of Nigeria (FGN) has passed the 2018 Appropriation Bill following the consideration and adoption of the report by the joint National Assembly Committee on Appropriation. The report was laid before the Senate on Tuesday, while the lawmakers considered and adopted it at an...

  Gains resurfaced on the Nigerian bourse on Wednesday, as the All-Share Index (ASI) increased by 0.90 per cent, largest gain since 27th April – to 40,992.97 points. This was said to be largely attributable to renewed interests in DANGCEM shares. The Month-to-Date loss moderated to -0.6 per cent, while...

  Nigeria’s online shopping platform, Jumia has unveiled a new campaign to position itself as the online platform with the cheapest merchandise in the country. Tagged ‘Last Price Campaign’, its objective is to offer customers the very best prices on over 1,000 iconic products across all categories on its platform....

  The Lagos Chamber of Commerce and Industry (LCCI) has raised concern over the growing number of fake and substandard products in the country. The President of LCCI, Mr. Babatunde Ruwase, made the observation at a press briefing on the state of the economy, on Wednesday in Lagos. Ruwase said...

  FSDH Merchant Bank has said that Nigeria’s economy, measured by the Gross Domestic Product (GDP), grew by 3.55 per cent in the first quarter of 2018 (Q1’18) from 1.92 percent in Q4’17. According to the Head of FSDH Research, Mr. Ayo Akinwunmi, the projection was based on the persistent...

  Dr.Kunle Iyanda, a cardiologist at Wuse General Hospital, Abuja, has described Nigerian diets as unhealthy. Iyanda told the News Agency of Nigeria (NAN) on Wednesday in Abuja that the contents of high carbohydrates and fats in Nigerian traditional foods and diets are extremely bad for the heart and general...

International Organization of Securities Commissions (IOSCO) has resolved to focus on key issues affecting regulators worldwide and proffer ways of tackling the challenges This was part of the resolutions reached at the organization´s 43rd Annual Conference in Budapest, Hungary. The conference also featured meetings by the IOSCO Board, IOSCO´s Growth...

FBN Holdings Plc leads Tier-1 banks in Non-Performing Loans (NPL) performance for 2017 financial year. Tier-1banks comprises of FBN Holdings, Zenith Bank, United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTBank) and Access Bank Plc. The group NPL thus dropped to N520 billion, 11 per cent below N584.2...