archiveSeptember 5, 2019

The Federal Government has clarified that it is only recalling the country’s High Commissioner in South Africa for consultation, over the recent escalated xenophobic attacks on Nigerians living in that country. The Minister of Information and Culture, Alhaji Lai Mohammed, offered the explanation on Thursday on Channels Television’s live programme...

  The  Nigerian Stock Exchange (NSE) sustained bearish trend on Thursday, dropping further by 0.25 per cent as the market  All-Share Index shed 67.55 points or 0.25 per cent to close at 27,252.09 against 27,319.64 on Wednesday, amid profit taking by investors. Similarly, the market capitalisation lost N33 billion or...

    The Minister of Industry, Trade and Investment, Mr Richard Adebayo, says Nigeria will revisit pending bilateral investment agreements with Brazil. Adebayo, in a statement signed by a Deputy Director in the ministry, Mr Ibrahim Haruna, on Thursday in Abuja, said that Nigeria had a long history of bilateral...

  Access Bank Plc on Thursday said it had splashed over N5.4 billion to more than 15,000 customers under the DiamondXtra initiative it introduced in 2008. The bank’s Head of Retail Banking, Mr Robert Giles, made the disclosure at the second Quarterly Draw DiamondXtra Season 11 cheques presentation in Lagos....

  The Nigerian Stock Exchange (NSE) on Thursday downgraded Oando Plc to low priced stock. The exchange said that Oando had been reclassified to low priced stock from medium priced stock, effective from Sept. 5. “This is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing...

World food prices fell for a third month running in August, pushed down by a sharp drop in the prices of sugar, wheat and maize, the United Nations food agency said on Thursday. The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of...

The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers. According to a statement by the bank on Thursday, the Afreximbank President, Prof. Benedict Oramah made this known at the 47th Annual General Meeting of the...

  Almost three quarters of Germans want Chancellor Angela Merkel to remain in office up to the end of her term in 2021, according to a poll conducted by the national public broadcaster, ZDF, published on Thursday. The chancellor was particularly popular among members of her Christian Democratic Union (CDU),...

  Gov. Seyi Makinde of Oyo State has promised that his administration would continue to implement policies that would ensure total transformation of the state. Makinde made the promise on Thursday while inaugurating a 20-classroom mega school at the Baptist Basic Schools 1&11 in Isokun, Oyo town. The inauguration was...

Africa’s largest retail bank, Access Bank Plc on Thursday collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the LSETFW Initiative aimed at economically empowering women in Lagos State. The initiative, which has a total loan portfolio of N10 billion, is targeted at women-owned businesses (with at least...