archiveOctober 9, 2019

The market capitalisation of the Nigerian Stock Exchange (NSE) dropped to N12 trillion, amid huge sell off of stocks of blue chip companies. Specifically, the market capitalisation lost N103 billion or 0.79 per cent to close at N12.948 trillion against N13.051 trillion recorded on Tuesday. Also, the All-Share Index, which...

  The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to promote cross listing and trading of green bonds in Nigeria and Luxembourg. The NSE said the MoU was signed at the annual meeting of the World Federation of Exchanges in...

President Muhammadu Buhari on Wednesday cautioned Nigerians about the statistics from world bodies such as the World Bank and the International Monetary Fund which he said are inaccurate. The president played up the significant role which an accurate collection of data can play in the country’s social and economic planning...

  President Muhammadu Buhari declared on Wednesday that he was not only fully committed to the unity of Nigeria, but would also devote all his time and energy in promoting it for the benefit of Nigerians. The president made the pledge while receiving a delegation of Benue State Council of...

The Senate on Wednesday commenced debate on the 2020 Appropriation Bill presented to the National Assembly by President Muhammadu Buhari. Buhari on Tuesday presented a budget estimate of N10.33 trillion for the year 2020 at a joint sitting of the National Assembly. The debate on the appropriation bill, which continues...

Mr Atiku Samuel, a policy analyst has expressed concern over the Federal Government’s ability to realise N8.155 trillion as revenue projection in 2020. Samuel, who said this on Wednesday in an interview with the News Agency of Nigeria (NAN) in Abuja, said he was concerned if the budget would be...

The World Bank on Wednesday cut its economic growth forecast for sub-Saharan Africa for 2019 to 2021 by 0.2 per centage points from its earlier projection, citing a slowdown in fixed investment and policy uncertainty in the global economy. The bank said the region’s economy was expected to grow 2.6...

  President Muhammadu Buhari, on Wednesday in Abuja, administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set for them an agenda of what they should accomplish in the shortest possible time. Addressing the economic egg heads led by Prof. Doyin Salami...

  The National Youth Service Corps (NYSC) has disclosed that the scheme apprehended about 95 fake students from one of the Nigerian universities and West African universities with fake documents during the last batch of corps members. He has decried the presentation of fake academic credentials and attempt to smuggle...

  The Nigerian Electricity Regulatory Commission (NERC) has threatened to withdraw the license of Ikeja Distribution Company (IE) and seven other electricity distribution companies (Discos) over an alleged breach of rules. NERC said the distribution companies breached some provisions of the Electric Power Sector Reform Act in July 2019. The...