archiveOctober 2021

  The nation’s bourse kicked off trading for the week on Monday on a bullish trend with a growth of N27 billion due to investors’ demand for consumer goods and insurance stocks.Specificaly, the market capitalisation inched higher by N27 billion or 0.12 per cent to close at N21.821 trillion from...

Organisers of the Access Bank Lagos City Marathon have set Nov. I for the official commencement for the 2022 race. Olukayode Thomas, the Head of Communication and Media for the Access Bank Lagos City Marathon, said in a statement in Lagos that registration process for the 2022 race have been...

  Nestlé Nigeria Plc has posted a profit before tax (PBT) of N51.58 billion for the third quarter ended Sept. 30. This was contained in the company’s unaudited financial statements sent to the Nigerian Exchange (NGX) Limited and signed by the Company Secretary/Legal Adviser, Mr Bode Ayeku, on Monday in...

  The Manufacturers Association of Nigeria (MAN) on Monday called on the Federal Government to monitor the effective implementation of Executive Order 005, to engender Nigeria’s self-reliance and ensure global competitiveness. President of MAN, Mr Mansur Ahmed, made the call at the opening ceremony of the association’s  3-day Made-in-Nigeria Exhibition...

The leadership of the Nigeria Labour Congress (NLC) has rejected Federal Government planned enforcement of COVID-19 vaccination on workers and Nigerians. The NLC President, MrAyuba Wabba, expressed labour position while unveiling the COVID-19 vaccination Advisory for the Federal Civil Servants on Monday in Abuja. It would be recalled that the...

The Minister of Works and Housing, Mr Babatunde Fashola, has called for more circumspection about certain types of assets that were being concessioned or privatised. Fashola said this at the public hearing of the House of Representatives Committee on Privatisation and Commercialisation of Government Assets on Monday in Abuja. He said that it would...

  The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Monday, October 25, 2021 arraigned one Abdulrahim Dangana before Justice Darius Khobo of the Kaduna State High Court, Kaduna on one-count charge that borders on obtaining by false pretence. The defendant is an alleged internet fraudster...

  A well-developed Derivatives market in the Nigerian capital market will undoubtedly support the growth of the economy and the market as a whole. Market players recognise that Derivatives are critical in the development and growth of the economy through its crucial role of price discovery, market completeness, risk management...

BudgIT raises concerns over Federal Government’s proposed 2022 budget, queries the missing N198.7 billion oil company payments to the Niger Delta Development Commission (NDDC) in the N16.39 trillion spending plan. BudgIT Foundation, a civic-tech organisation leading the advocacy for transparency and accountability in public finance in Nigeria and three other...

  VP represents President at opening of 27th NESG says growth figures meaningless if they don’t translate to good jobs, living standard In order to tackle existing problems and at the same time benefit from domestic and global trends, stakeholders both in the public and private sectors must take timely...