archive2018

Nigeria’s business mogul, Alhaji  Aliko Dangote, is to donate N1.2 billion structure for running of the Business School in Bayero University, Kano. The building, which will be handed over to the university management formally next month, is a state of the art edifice and will effectively mark the commencement of...

  MTN’s share price was little changed from Friday’s closing price of R134.75 after it said on Monday morning it expected to report a return to profit. MTN said its results for the year to end-December, scheduled for release on March 8, would show a return to profit for both...

Nigeria’s stocks have been among the world’s best-performers in the past four months, and foreign investors are a big reason for that. Net foreign inflows to Nigerian equities totalled 337 billion naira ($940 million) last year, the first time flows have been positive since at least 2013. December was the...

  World Bank Statistics have shown that remittance to African countries have declined by an estimated 6.1 per cent to $33 billion. The figure, which was for last year, was triggered by slow economic growth in remittance-sending countries and a decline in commodity prices. It said rising sources of income...

  The African Development Bank (AfDB) said it plans to increase its loans to Nigeria by over $8 billion next year with investments in energy, infrastructure and agriculture. AfDB President, Akinwumi Adesina said it will grow its loan portfolio to Nigeria by more than $2 billion over the next one...

  Senator, Iyabo Obasanjo, daughter of former President Olusegun Obasanjo, has chided “agents of the President Muhammadu Buhari administration” for the re-circulation of a letter dating back to 2013, where she levelled several allegations against her father. Noting that the republication of the 2013 letter at this time may not...

By Michael Afenfia The Inter-Ministerial/Agency Briefing organised by the Hon. Daniel Iworiso-Markson led Ministry of Information & Orientation started off at the Gabriel Okara Cultural Centre on Monday 22nd January 2018 with a bang. The essence of the programme as enunciated by the Commissioner in his welcome remarks at the...

The All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 2.93 per cent and 2.87 per cent to close the week at 43,773.76 and N15.692 trillion respectively. Similarly, all other indices finished lower during the week with the exception of the NSE Consumer Goods and NSE...

The Nigerian Stock Exchange (NSE) has announced that the amendments to Pricing Methodology and Par Value Rules, which can be found in Rules 15.29 and 15.30 respectively of the Rulebook of The Exchange 2015 (Dealing Members’ Rules) which have been approved by the Securities and Exchange Commission (SEC) wil become...

…Suspends 2 senior tax officials, vows to root out fraudsters in tax offices .. To fast-track action on tips on revenue generating agencies The Federal Government has begun investigation into over 200 whistleblowing tips on tax officials and taxpayers which involves under declaration of taxes as well as demand by...