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By ABDUL OLALEKAN The Nigerian London Business Forum has lambasted British Prime Minister, David Cameron, for describing Nigeria as a country that is 'fantastically corrupt'. The Chief Operating Officer (COO) of the forum, situated in United Kingdom (UK),Danette Gayle, in a statement  over the weekend, said Cameron's statement was not...

By ABDUL OLALEKAN Following the low public acceptance of insurance, about 58 underwriting companies across the country have agreed to generate N1 billion to use spend in order to increase insurance acceptance among Nigerians, Business247 has learnt. Investigation shows that the low patronage of the insurance sector is seriously affecting...

By our Correspondent President Muhammadu Buhari has cancelled his scheduled two-day official visit to Lagos. The visit which would have seen the President inaugurating a number of projects would have started on Monday and end on Tuesday. In a statement on Sunday by Mr Laolu Akande, the spokesman of the...

Japaul Oil & Maritime Services Plc has declared interest in repositioning the company for growth and improved performance despite macro economy challenges. The company stated that the decline in the pace of economic activities and weak economic fundamentals in the oil and maritime industry has continued to hamper growth in...

In a bid to improve the nation's health sector through public and private partnership, so as to ensure quality health services, capacity building and research in West Africa, the Institute of Human Virology, Nigeria (IHVN) is collaborating with Access Bank and Dangote Foundation to raise N5 billion for the building...

Identifying Small Medium Enterprises (SMEs) as a critical engine of any nation’s economic growth, Diamond Bank Plc has shown support to the sector with a sum of N15 million grants to exceptional entrepreneurs. Due to its global recognition as a predictable vehicles for sustainable economic growth, the bank in its...

Wole Tokede The NSE All-Share Index and Market Capitalization appreciated by 2.55 per cent and 2.36 per cent to close the week at 27,116.45 and N9.313 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE ASeM Index, NSE Insurance Index and the...

By our Correspondent The Nigerian Stock Exchange (NSE) has finally delisted eight companies including Alumaco Plc, IPWA and Adswitch Plc from its Daily Official List for violating listing rules. Other delisted include G. Cappa Plc; West African Glass Plc; Investment & Allied Insurance Plc; Jos International Breweries Plc and Rokanna...

National Bureau of Statistics (NBS) has said that the Gross Domestic Product (GDP) of Nigeria declined by 0.36 percent from what it was a year earlier, compared with a growth of 2.11 percent the previous three months. In the statistics pushed out today by NBS, manufacturing, financial institutions and real...

By our Correspondent Federal Government has urged the manufacturers to put in more efforts at raising the competitiveness of made-in-Nigeria products in the global market, saying the government was not insensitive to their plight in terms of infrastructure, foreign exchange, power as well as multiple taxation. Speaking at the inauguration...