archiveMay 2018

  MTN Group Ltd. on Thursday said it plans to raise N400 billion ($1.1 billion) through bond in Nigeria in 2018. The move, the wireless carrier said, is part of its strategies to fund local investment and replace existing debt in the continent’s most populous country. MTN, Africa’s largest wireless...

  The Peoples’ Democratic Party (PDP) in Osun State has accused Governor Rauf Aregbesola of expending the sum of N6,367, 390, 350.64 (Six billion, three hundred and sixty seven million, three hundred and ninety thousand, three hundred and fifty naira, sixty four kobo) in 2016 as overhead cost in his...

  President Muhammadu Buhari’s political adviser, Mr. Femi Ojudu, has announced his withdrawal from the race for All Progressives Congress (APC) ticket for Ekiti governorship election. Ojudu, a former senator, announced his decision Thursday evening. It would be recalled the APC primary conducted last weekend in the state was marred...

  Every four years, voters are usually called upon to choose a new Governor that will lead the state after endless and rigorous campaign by the parties and the candidates. In deciding the PDP flag bearer it’s expected that the party has to deal with lots of information about each...

The bears continued to dominate the equities market, as the All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) dipped further, by 0.40 per cent, to 40,915.17 points on Thursday. The Month-to-Date and Year-to-Date returns dipped to -0.85 per cent and 6.99 per cent, respectively. The Oil & Gas (-1.80%)...

  Bayelsa State Government on Thursday lauded the efforts of the nation's retired military officers who sacrificed so much to ensure that the unity of Nigeria is sustained. The Commissioner for Information and Orientation, Daniel Iworiso-Markson came out with this in Yenagoa at a press briefing organised by the retired...

  *FG’s economic reforms important for sustainable growth – World Bank Nigeria is well on course to effectively tackle the issues of poverty and unemployment through its micro-economic planning and Social Investment Programmes, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo said this today when he received at the...

Union Bank of Nigeria has reported 5.1 per cent drop in profit for the financial year ended December 31, 2017 to N14.6 billion as against N15.39 billion reported in 2016. The lender Non-Performing Loan (NPL) hits 19.8 per cent in 2017 from 6.9 per cent in 2016, above the Central...

  By  our Correspondent ...Commend management over 2017 performance The shareholders of AXA Mansard Insurance Plc has approved a total dividend of N630 million for the year ended December 31, 2017. The shareholders gave their approval yesterday at the company’s 26th Annual General Meeting (AGM) held in Lagos. The approved...

  By our Correspondent The Central Bank of Nigeria (CBN) has revealed that credit to private sector has depreciated by 0.78 per cent to N22.44 trillion in March of 2018 from N22.6 trillion reported in February. The CBN in its Money and Credit Statistics report had disclosed N21.99 trillion credit...