archive2018

  It’s bad omen for 2018 budget, deficit, debt forecast, say experts Banks opt for less earning to sterilise N5.6tr at CBN The Federal Government has lost about N796.77 billion from its revenue projections in the third quarter of 2018, according to data compiled by The Guardian. The development shows...

Ogun State Governor, Senator Ibikunle Amosun on Wednesday in Abeokuta, Ogun State capital, presented the 2019 budget estimate of N402.63 billion to the House of Assembly. This represents 17 per cent increase of last year’s estimate, which was N345.4 billion. Education got the lion’s share of N88.57 billion (22 per...

The Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of commerce and a leading voice in the Organised Private Sector (OPS) in Nigeria, is set to hold a graduation ceremony for 49 young entrepreneurs. The Director General of LCCI, Mr. Muda Yusuf who disclosed this in a press...

  The Debt Management Office (DMO) on Wednesday sold N39.52 billion Federal Government bond at the November edition of the monthly auction. Three Bonds in tenors of 5 years, 7 years and 10 years were offered at the Auction. Allotments were made to the successful bidders at 15.20 per cent...

  By Durob DUROB -In accordance with the National Disaster management framework, the function of the NEMA Governing Council which is chaired by the Vice President is as follows: As chairman of the NEMA Council, the Vice President shall ensure that (b)      Subject to the provisions of the NEMA Act,...

It is in this vein that FMDQ OTC Securities Exchange in seeking innovative and plausible ways to resolve some of the identified challenges, partnered the International Finance Corporation (“IFC”) and Family Homes Funds (“FHF”) as part of its Debt Capital Markets (DCM) deepening effort, to hold its Series II Housing...

The National Bureau of Statistics (NBS) on Wednesday released the Consumer Price Index Report which measures inflation with inflation rate dropping from 11.28 per cent in September to 11.26 per cent in the review month of October. The bureau in its report which said that year-on-year, the 11.26 per cent...

The market capitalisation of the Nigerian Stock Exchange (NSE) which opened on Wednesday at N11.763 trillion after the public holiday lost N92 billion or 0.78 per cent to close at N11.671 trillion. The All-Share Index also lost 252.45 points or 0.78 per cent to close at 31,969.79 compared with 32,222.24...

  The National Lottery Regulatory Commission last week temporarily shut down our operations in Abuja and our Corporate Head office in Iganmu, Lagos from the demand for payment of certain disputed fees which the Commission is claiming from our company for our various consumer sales promotions. No Court Order was...

  UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of the competition, where three winners will emerge after undergoing...