archiveSeptember 2020

The Nigerian Stock Exchange (NSE) is hosting a virtual training session for prospective derivatives products market participants on Tuesday, 8 September 2020. According to a statement from The Exchange, the organization is hosting the session because “the COVID-19 pandemic has metamorphosed into economic crisis for countries and financial markets that...

Oyo State governor, Engineer Seyi Makinde, has brought his private sector experience to bear in developing the state, former Minister of Aviation, Chief Femi Fani-Kayode has said. Fani-Kayode, who stated this while addressing newsmen in Ibadan, the Oyo State capital, after completing a tour of major projects being undertaken by...

The half-year result of Fidelity Bank Plc released to the Nigerian Stock Exchange (NSE) late last week has shown that  the bank’s Profit Before Tax (PBT) increased to N12 billion, 22 per cent higher than  N9.8 billion achieved in same period of 2019 while net profits rose by 33 per...

  The Nigeria Purchasing Managers’ Index (PMI) for August has indicated that recovery in the private sector fared better in the month as the Index rose to 54.6, up from 50.4 in July. Readings above 50 signal an improvement in business conditions on the previous month, while readings below 50...

  Financial Derivatives Company (FDC) Limited, a Lagos based investment advisory firm, has said that mobilization of savings for investment purposes will remain a mirage as long as savings and deposit interest rates remain 11 per cent below the inflation rate. The firm in its latest executive breakfast session presentation...

  Nigeria has recorded 100 new cases of coronavirus. A tweet from the Nigeria Centre for Disease Control (NCDC) on Sunday night revealed that 39 of the cases were recorded in Lagos, 22 in the Federal Capital Territory (FCT), and Kaduna State recorded 19 cases. The new cases bring the...

Business mogul, Barrister Jimoh Ibrahim, has confirmed his membership of the All Progressive Congress (APC) as he made personal appearance at Saturday's mega rally in support of the APC candidate for the October 10 governorship poll in Ondo State, Oluwarotimi Akeredolu. Ibrahim, who hitherto had pitched his tent with the...

  The Lagos State Government on Sunday announced the reopening of two of its recreational parks for public use, stressing that visitors to the parks must comply with the subsisting COVID-19 protocols. Mrs Titilayo Ajirotutu, the Assistant Director, Public Affairs, Lagos State Parks and Gardens (LASPARK), disclosed this in a...

Dr Ngozi Okonjo-Iweala has reiterated the vital role the World Trade Organisation (WTO) can play in producing a coronavirus (COVID-19) vaccine. Okonjo-Iweaka underscored the role of the global trade body in Geneva at a reception held in her honor by the Nigerian Permanent Mission to the UN while appealing for...

  A non-governmental organisation, Women Arise for Change Initiative, has urged the Federal Government to intensify efforts to make life more meaningful for the citizens. The group’s President, Dr Joe Okei-Odumakin, gave the advice in a statement on Sunday in Lagos. Okei-Odumakin expressed concern at the hardship being faced by...