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Posted on September 27, 2018
Equity transactions on the floor of the Nigerian Stock Exchange (NSE), closed on a downward note yesterday, occasioned by losses recorded by most bluechip stocks, as market capitalisation shed N55 billion.Yesterday, the All -share index (ASI) was down by 151.17 absolute points, representing a decrease of 0.46 per cent, closing at 32,963.27 points. Similarly, the […]
Posted on September 27, 2018
The Debt Management Office on Wednesday announced that it had raised additional N96.74bn to finance the 2018 Appropriation Act. A statement issued by the DMO and made available to our correspondent in Abuja on Wednesday said that the funds were raised through issuance of the FGN Bond in the primary debt market. According to the […]
Posted on September 27, 2018
The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected institutions are microfinance banks; six are primary mortgage banks; while the remaining 22 are finance companies. The CBN […]
Posted on September 26, 2018
More than 400 businesses owned by Nigerians have been closed by authorities in Ghana, sparking a protest by owners who have issued a week ultimatum within which to resolve the surrounding the maltreatment of Nigerian business community in Ghana. The National Association of Nigerian Traders (NANTS) have written a petition to President Muhammadu Buhari and […]
Posted on June 13, 2018
The Nigerian Electricity Regulatory Commission has issued power generation and distribution licences to two firms to independently generate and distribute 9.5 megawatts of electricity in the popular Ariaria Market in Aba, Abia State. The regulator issued the power generation licence to Ariaria Market Independent Power Plant Limited, while Ariaria Independent Energy Distribution Network Limited got […]
Posted on June 13, 2018
Barely two days to Eid-el-Fitr celebration, residents in Kano, Jigawa and Katsina states as well as Zaria in Kaduna state, have expressed concern over increase in prices of essential commodities and non-payment of workers’ salaries in the four states. Kano Chronicle observed that while prices of the commodities such as textile materials, poultry products, perishable […]
Posted on June 13, 2018
NPA woos private sector into shipping businessNigeria as a maritime nation has lost fortunes to the collapse of the Nigerian National Shipping Line (NNSL) about 13 years ago.The Executive Governor of Edo State, Godwin Obaseki, disclosed this in Onne, Rivers State, during the official christening of the nation’s latest addition to the Nigerian ‘fleet’, the […]
Posted on June 8, 2018
The Nigerian Stock Exchange, NSE, yesterday, signified that its demutualisation process has reached the final stage of implementation having gone through the first and second readings as well as public hearing at the National Assembly, NASS. Demutualisation is a process through which a member-owned company becomes shareholder-owned. The president of the National Council of the […]
Posted on June 8, 2018
NEPC, ITC partner to improve women entrepreneurs’ contribution to economy The International Trade Centre (ITC) has announced that the trade between commonwealth countries estimated to be about $700 billion in 2015 is expected to hit $1 trillion by 2020. The Senior Adviser, Empowerment, ITC, Nicholas Schlapher, explained that the opportunities that abounds in the commonwealth […]
Posted on June 1, 2018
The Central Bank of Nigeria (CBN) has directed the nation’s Deposit Money Banks to pledge N1 billion worth of government securities in their portfolio to participate in the Over-The-Counter (OTC) trade settlement. According to the apex bank, the move was part of efforts to enhance efficiency in trading and post trading activities, as well as […]