archive2018

The Nigerian Stock Exchange (The NSE) on Tuesday invalidated the 48th Annual General Meeting (AGM) of NEM Insurance held in June and all the resolutions reached at the meeting. The insurance was also mandated to reconvene the AGM, with proper notice given to shareholders and in line with extant laws....

  Despite increased investment opportunities in developed nations, particularly the United States (U.S), which triggered recent divestment of portfolio assets by Foreign Portfolio Investors (FPI) from Nigeria’s stock market, the country recorded higher inflows of foreign investment into the country compared with investment outflows in the third quarter of 2018....

Proceedings turned positive in the Nigerian equities market on Tuesday as the benchmark index, All-Share Index inched up 0.33 percent, following interest in large cap stocks. As a result, the Month-to-Date and Year-to-Date losses reduced to 0.96 per cent and 15.92 per cent, respectively. Returns were mixed across the major...

President Muhammadu Buhari on Tuesday approved N30,000 as the new national minimum wage. He gave his approval while receiving the report of the Tripartite Committee on the Review of National Minimum Wage at the Presidential Villa, Abuja. With the approval, a bill is expected to be sent to the National...

  The Federal Government on Tuesday in Abuja debunked the report by the United States Department of Agriculture (USDA) on World Markets and Trade that Nigeria imported three million metric tonnes of rice in 2018. The Minister of Information and Culture, Alhaji Lai Mohammed, made government’s position known in an...

    The Minister of Information and Culture, Alhaji Lai Mohammed, says President Muhammadu Buhari has delivered on his campaign promises, and deserves to be voted for the second term. Mohammed said this on Tuesday in Abuja when he appeared on the News Agency of Nigeria (NAN) flagship programme, NAN...

Golar LNG said on Monday it was in talks with Nigerian authorities about setting up a power project that could use one of its vessels to import liquefied natural gas (LNG). The company wants to expand beyond its core LNG shipping and terminals business and owns half of the $1.7...

The Southwest Governors’ Forum has expressed concern on economic and security challenges posed by gridlock in the Apapa port and thereby called on the Federal Government to find solution to t by creating alternative routes. The forum said the planned alternative routes linking Tin Can Island through Tomoro Island to...

The Federal Government on Monday disclosed that over N200 billion tax appeal cases are pending  before the newly- strengthened Tax Appeal Tribunal (TAT). The government also revealed that it is working towards the strengthening of the operations and legal framework of the Tax Appeal Tribunal in line with the recommendations...

The leadership of the Organised Labour has announced the suspension of the nationwide strike billed to commence today, the 6th of November, 2018. The latest development was contained in a statement  made public late Monday night by  the General Secretary of the Nigerian labour Congress (NLC), Dr Peter I. Ozo-Eson....