archive2018

  The International Monetary Fund (IMF) has called on the Federal Government of Nigeria (FGN) to impose 100 per cent increase in excise duty rates on all alcoholic beverages and cigarettes to conform to global norm. The recommendation, contained in its 2018 Mission Report on Nigeria, is higher than the...

After years of back and forth, the Nigerian Stock Exchange (NSE) has finally settled the lingering employment dispute with its former Director General, Professor Ndi Okereke-Onyiuke, Mr. Lance Elakama and other executive staff. The amicable settlement was reached following adoption of the terms of settlement between parties which has become...

  Trading activities on the Nigerian Stock Exchange (NSE) began the week on declining note on Monday with the market All-Share Index recording a drop of 0.26 per cent. The All-Share Index dipped 111.35 points or 0.26 per cent to close at 43,056.51 as against 43,167.86 achieved on Friday even...

Shehu Sani, the Nigerian senator who revealed that he and his colleagues receive N13.5 million as running cost monthly, has explained why he exposed his colleagues. Mr. Sani in an interview with BBC said the payment is a ‘moral issue.’ “I decided to burst it open. It was a moral...

Zenith Bank grows gross earnings by 46.69% to N785.19bn for 2017 Zenith Bank Plc has announced gross earnings of N745.19 billion for the financial year ended Dec. 31, 2017. The figure represented a growth of 46.69 per cent over N507.99 billion posted in 2016. This is contained in the bank’s...

  The Central Bank of Nigeria (CBN) on Monday injected another 210 million dollars into the nation’s foreign exchange market. The Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement on Monday said that 100 million dollars was allocated to authorised dealers in the wholesale segment of the market....

  The Minister of Youth and Sports Development, Solomon Dalung, has accused the Plateau State Government of mismanaging over $2 billion loan collected. According to the minister in a statement, the APC-led administration in Plateau was not prudent in managing resources. “Where is the $2 billion loan collected from African...

The Vice President, Prof Yemi Osinbajo, on Monday decried the low impact of commercial banks on the citizenry with no fewer than 40 per cent of the people under-banked. He said this in a remark at the public presentation and launching of the book “Banking Reform in Nigeria: the Law,...

President Muhhamadu Buhari said on Mondy that he was not aware that the Inspector General of Police (IGP) Ibrahim Idris whom he deplored to Benue State in the wake of the killings did not obey his order and did not stay in the state. Buhari stated this when he paid...

  A total turnover of 3.079 billion shares worth N39.990 billion in 23,086 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.170 billion shares valued at N39.087 billion that exchanged hands  upper week in 24,657 deals....