archiveNovember 2018

  The rout in the Nigerian equities market continued for the fifth consecutive session, with the benchmark index dropping 1.33 per cent to 30,611.55 points, as selloffs across major counters persisted. As a result, the Month-to-Date and Year-to-Date losses increased to 5.71 per cent and 19.96 per cent, respectively. As...

  The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, on Thursday described his running mate, Peter Obi as an honest man, adding that the former Anambra Governor is reputed for his very high sense of fiscal responsibility and transparency while in governance. This was as Abubakar vowed to “galvanize...

  The Federal Government has told the U.S. to be cautious in granting visa to the PDP Presidential candidate, Alhaji Atiku Abubakar, in order not to create the impression of endorsing him for the 2019 election. The Minister of Information and Culture, Alhaji Lai Mohammed, gave the government position at...

The Securities and Exchange Commission (SEC) has reaffirmed that it remains committed to developing the capital market in line with the 10-Year Master Plan. Disclosing this on Wednesday  at the SEC Journalists Academy which is currently holding in Uyo, Akwa Ibom State, Acting Director-General, SEC, Ms Mary Uduk who spoke...

The Nigerian Communications Commission (NCC) has said that the active telephone lines in Nigeria increased from 162.056 million in September to 165.239 million in October 2018. The Commission made this known in its Monthly Subscriber/Operator Data published on its website on Thursday. The regulatory body said that the lines increased...

  The African Securities Exchanges Association (ASEA) formed a working group called the ASEA SME Facilitation Working Group to establish the efficacy of financing of SMEs across African capital markets. The working group comprises of various stock exchanges and is chaired by the Johannesburg Stock Exchange (JSE). The ASEA working...

Dr. Olisa Agbakoba SAN has written a personal letter to President Mohammadu Buhari expressing concern that the Electoral Act (Amendment) Bill 2018 sent to him for the past three months has not been signed. The letter reads: “ We are concerned that the Electoral Act (Amendment) Bill 2018 has not...

  The bearish trend with which the market opened the week continued on Wednesday as the ASI fell by 0.48 per cent to 31,023.47 points -- its lowest level since Jun 1. 2017 -- following persisting selloffs across blue-chip counters. As a result, the Month-to-Date and Year-to-Date losses increased to...

  *Buhari administration will continue to create enabling environment for investments into the country “Nigeria has one of the most resilient, hardworking, intelligent and resourceful people in the Diaspora, in every field of human endeavour, it would be very tragic if we failed to tap this immense potential.” Vice President...

  The Minister of Petroleum, Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al-Falih, Wednesday, held talks with the Federal Government of Nigeria as parts of effort to bring about a stabilisation in the crude oil price and in the international crude oil market. Speaking during a...