archive2018

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...

Vice President Yemi Osinbajo presided over the weekly Federal Executive Council (FEC) meeting at the Council Chamber, Presidential Villa, Abuja as President Muhammadu Buhari travelled to Borno state to commiserate with the Nigerian soldiers. The meeting started around 11.03am when Osinbajo arrived the Council Chamber. President Buhari visit to Borno...

Electricity generation companies (Gencos) in Nigeria's power sector yesterday warned that the prevailing nationwide power supply situation may decline significantly from December as the N701.9 billion payment assurance scheme initiated by the federal government through the Central Bank of Nigeria (CBN) and the Nigerian Bulk Electricity Trading Plc (NBET), is...

The new International Labour Organisation (ILO) Global Wage Report 2018/2019 has revealed that Women the world over continue to be paid approximately 20 per cent less than men. The report calculates gender pay gaps in innovative and more accurate ways, using data covering some 70 countries and about 80 per...