archiveJune 2019

The Nigerian Stock Exchange (NSE) on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days. Specifically, the market capitalisation which opened at N13.117 trillion rose by N37 billion to close at N13.154 trillion, amid price gains...

Nigeria’s Forte Oil Plc has announced the appointment of new chief executive officers and chief financial officer as new owners take charge of their investment in the oil marketing company. Billionaire businessman, Femi Otedolar this week announced his exit from the oil marketing company after he successfully transferred his majority...

  We write to congratulate President Mohammadu Buhari for calling on Governors of states to rigorously enforce the constitutional and statutory provisions on free and compulsory basic education guaranteed by Section 18 of the 1999 constitution (as amended) and Section 2 of the Compulsory, Free Universal Basic Education Etc. Act...

Cadbury Nigeria Plc has rewarded its shareholders with 25 kobo dividend totalling N471 million for the financial year ended Dec. 31, 2018, in line with its current efforts to create more value for investors. Mr Atedo Peterside, Chairman, Cadbury Nigeria, made the disclosure at the company’s 54th Annual General Meeting...

NIPCO Plc, one of the foremost downstream operators in the nation’s oil and gas industry, has upscale its social investment in the education sector with the inauguration of modern  computer laboratory  for pupils in Lagos state public schools The feat is part of the company’s broad CSR policy aimed at...

President Muhammadu Buhari has assented to the Mutual Assistance in Criminal Matters Act, 2019, to further strengthen and boost the ongoing war against corruption within and outside the country. Mr Ita Enang, the President’s Senior Special Assistant on National Assembly Matters (Senate), revealed this in a statement in Abuja on...

    The 2019 continental trade report of the African Export-Import Bank (Afreximbank) has revealed that the value of Africa’s merchandise trade in 2018 stood at over $997.9 billion even as it was also noted that output grew by 3.4 per cent between 2017 and 2018 despite the slowdown in...

The Director-General of the National Youth Service Corps (NYSC), Brig-Gen Shuaibu Ibrahim, has warned staff of the scheme against extortion of corps members during orientation exercise. Ibrahim gave the warning on Friday when he visited the NYSC temporary orientation camp in Amada, Akko Local Government Area of Gombe state. He...

  The Central Bank of Nigeria (CBN) has summoned all authorized currency dealers for a meeting to discuss development in the foreign exchange market. The invitation was contained in a circular released and signed by the bank’s Director, Trade and Exchange, Mr Ahmed Umar in Abuja on Friday. It explained...

  The Federal Government will on Monday inaugurate the board of the Securities and Exchange Commission (SEC) to be chaired by Mr Olufemi Lijadu. The News Agency of Nigeria (NAN) reports that the board’s constitution is coming four years after President Muhammadu Buhari sacked the former SEC board headed by...