archiveJuly 2019

The nation’s bourse on Thursday sustained its bearish run, dropping by 0.35 per cent due to sell pressure. The News Agency of Nigeria (NAN) reports that the All-Share Index decreased by 98.13 points, representing a dip of 0.35 per cent to close at 27,990.61 points. Similarly, the market capitalisation which...

  The Federal Government, States and Local Government Areas (LGAs) shared N762.5 billion as federal allocation for the month of June. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said this on Thursday in Abuja, while addressing newsmen at the end of the Federation Accounts Allocation Committee (FAAC) meeting....

  The West Africa Examination Council (WAEC) has said it will release the May/June result for school candidates on Friday. The exam body confirmed this in a statement by its Head of Public Affairs, Demianus Ojijeogu on Thursday. Ojijeogu said, “this is to inform candidates and the general republic that...

    ...Frowns at the slow pace of SUBEB contracts in Ogbomoso Zone   The Government of Oyo State said on Thursday that it will deal ruthlessly with any school teacher found to be extorting students of fees it has cancelled. Chairman of the Oyo State Universal Education Board (SUBEB),...

One of Nigeria’s leading financial institutions, Zenith Bank Plc, has introduced a cashbackcampaign which rewards every MasterCard user (irrespective of the issuing bank) making purchases on the Zenith Bank Point of Sale (POS) terminals at select merchant locations during specific periods. The promo, which kicked off on Monday, July 22,...

  The Nigerian Stock Exchange (NSE) has launched Investor Relations (IR) Data Pack, a webpage integrated with key market data, corporate news and disclosures, for its corporate issuers. The Head of Corporate Communications of NSE, Mr Olumide Orojimi, said this on Thursday in Lagos. Orojimi said the IR Data Pack...

  The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) Umaru Ibrahim has advised Nigerians to exercise maximum caution in the adoption of crypto-currencies as their preferred mode of financial transactions. He warned that while various forms of digital currencies currently in operation have their...

  “PROTEST LETTER ON THE UNEQUAL REPRESENTATION OF WOMEN, YOUTH AND PEOPLE LIVING WITH DISABILITIES IN THE PRESEIDENT’S MINISTERIAL LIST SUBMITTED TO THE SENATE”.   We write collaboratively as Nigerian women, professionals and experts representing different regions, ethnicities, social and political allegiances and organizations for youths and persons with disabilities....

  U.S. top aircraft manufacturer Boeing Company has posted a loss of about 3 billion U.S. dollars in earnings for the second quarter of 2019. This the company said on Wednesday was as a result of the global grounding of 737 MAX airplanes. Boeing said its quarterly revenue nosedived by...

The market indices of Nigerian Stock Exchange (NSE) recorded 0.20 per cent loss on Wednesday following price loses by Nestle and Dangote Cement. Specifically, the market capitalisation, which opened at N13.716 trillion, shed N27 billion or 0.20 per cent to close at N13.689 trillion even as the All-Share Index dipped...