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Wole Tokede Investors on The Nigerian Stock Exchange (NSE) recorded a capital depreciation of N62 billion as the bears took hold of daily transactions today. The All Share Index (NSE ASI) and the Market Capitalization decreased by 0.70 percent, while the Year-to-Date return stood at -10.46 per cent. The All...

President of Dangote Group, Alhaji Aliko Dangote, has called on the country to take agriculture more seriously as he emphasised that agriculture was the best option to be free from the economic challenges confronting the nation. He revealed today at the opening   ceremony of the Katsina State Economic and Investment...

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, reiterated the resolve of the Federal Government to redefine spending in order to get maximum impact. The Minister, who was a guest at the Ogun State Investors’ Forum, holding in the state capital, said during a panel discussion on the economy...

Leading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, CEO and Vice Chairman of the Board Agility...

Minister of Budget and National Planning Senator Udo Udoma has said that the breakdown of the 2016 budget will be presented on Thursday. According to a statement issued by the ministry in Abuja on Monday, the strategic implementation plan of the budget would also be presented on the same day....

By our Correspondent The Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo, has restated the Federal Government’s commitment that all money to be borrowed to finance the 2016 budget will be dedicated to fund capital projects. Nwankwo stated this today at a one-day workshop by DMO on “Public...

Following the unstable global economy, Ghana and Nigeria have topped the inflation rate in the Economy Community of West African States (ECOWAS) investigation by Business247 has revealed. According to investigations by our correspondent, Ghana inflation rate stood at 19.50 per cent while that of Nigeria has risen to 12.8 per...

BY Niyi Jacobs The Central Bank of Nigeria (CBN) has ordered all banks in the country to programme their Automated Teller Machines (ATM) in such a way that it would not dispense cash if the user blocks his or her image from the security camera. This is stipulated in the...

Wole Tokede Effective from today, Monday, May 9, 2016, The Nigerian Stock Exchange (NSE) has commenced the use of enhanced Compliance Status Indicator (CSI) codes on the ticker tape for listed companies on The Exchange. The Exchange which made this known today in a press statement said this was part...

A report by a U.S. foundation, Oceans Beyond Piracy (OBP),   has said that piracy and armed robbery in 2015 in Nigeria, Togo Ghana and other countries in the  Gulf of Guinea  reached  $719.6 million. The report added that pirate gangs in West Africa were switching to kidnapping sailors and demanding...