archiveFebruary 2020

  Robust collaboration would help improve business climate, says VP To further improve the country's business climate, there will now be a direct connection between the anti-corruption agenda of the Buhari administration and the reform efforts of the Federal Government, in a bid to secure the reforms through criminal investigation...

  Activities on the nation’s bourse opened for the week on Monday still on a negative outlook with the market capitalisation shedding N181 billion. Specifically, the market capitalisation following free fall of stocks, lost N181 billion or 1.27 per cent to close at N14.087 trillion against N14.268 trillion on Friday....

  Inspector-General of Police (IGP) Mohammed Adamu, has ordered a probe into the death of Tiamiyu Kazeem, a football player allegedly killed by operatives of Special Anti-Robbery Squad (SARS) in Sagamu, Ogun State. The incident, which occurred on Saturday, triggered protests on Monday, leading to the deaths of at least...

The National Youth Service Corps (NYSC) has warned prospective corps members with fake credentials to stay off its orientation camps across the country, as the scheme gets set for the 2020 Batch ‘A’ Orientation Course. The Director-General of the scheme, Brig.-Gen. Shuaibu Ibrahim, gave the warning in a statement signed...

Sterling Bank Plc, Nigeria's leading commercial bank, has announced the creation of The Business Hub (TBH) in Lagos as part of its effort to support and promote small scale enterprises (MSMEs) and skills development in Nigeria. The Business Hub was created in line with the bank’s strategy to create an...

    The House of Representatives Committee on Public Accounts has summoned  the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to appear before it on Feb. 25, to give reasons for its unaudited accounts. Chairman of the committee, Rep. Wole Oke, who made the announcement during an...

The International Monetary Fund (IMF) has said that the coronavirus tragedy in China called for emergencies as it could worsen global economic recovery. The Managing Director, IMF, Ms Kristalina Georgieva, made this revelation in a statement on Sunday, after the conclusion of the Group of 20 meeting of finance ministers...

  The President of Dangote Group of Companies, Alhaji Aliko Dangote has so far invested over N63 billion to the South East economy of Nigeria by having trucks built for him at the Anambra Motor Manufacturing Company (ANAMMCO) in Enugu. Dangote’s trucks are assembled by a Chinese company, Shacman Trucks,...

The National Bureau of Statistics (NBS) said in statistics released on Monday morning that the Nigerian economy expanded by 2.55 per cent at the end of last year, compared to 2018. When set beside the growth rate of 2018, which stood at 2.38 per cent, the 2019 figure recorded an...

  The NSE All-Share Index and Market Capitalization on The Nigerian Stock Exchange (NSE) depreciated by 1.32 per cent and 1.30 per cent to close the week at 27,388.62 and N14.268 trillion respectively. All other indices finished lower with the exception of NSE Industrial Goods index which appreciated by 1.02...