Business news
Britain and Nigeria are exploring ways to list Naira-denominated bonds on the London Stock Exchange to help fund infrastructure projects in the West African country, the City of London’s Lord Mayor disclosed. According to source, Charles Bowman, who acts as an ambassador for the British capital’s financial district, made the comments during a three-day visit […]
The market capitalization of the Nigerian Stock Exchange (NSE) on Friday inched N198 billion, due to gains by some blue chips, after dropping for three consecutive trading days. According to source, the market capitalization improved by N198 billion or 1.45 percent to close higher at N13.866 trillion, against N13.668 trillion on Thursday. The All-Share Index, […]
Nigeria’s Sovereign Investment Authority NSIA, has reported a profit of about N26.28billion ($88billion) for 2016. The Delta State Governor, Ifeanyi Okowa stated this while briefing journalists on the outcome of Thursday’s National Economic Council meeting in Abuja. Governor Okowa said the NSIA reported “on five years so far of profitability in all forms with core profits in 2016. […]
The Federal Government says it will commence disbursement of the recovered 322 million dollars Abacha loot through Conditional Cash Transfers (CCT) to 302,000 poor households in 19 states in July. Mr Tukur Rumar, of the National Cash Transfer Office (NTCO), said this at a roundtable on assets recovery organized by the Swiss in Abuja. The […]
The World Bank says it has approved a 2.1 billion-dollar loan for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency and polio eradication. It said this in a statement issued in Washington D.C., adding that women’s economic empowerment, public finance and national statistics and reducing vulnerability to soil erosion, […]
By: Fidelia Okafor Turkish Airlines, has announced increase in its capacity for many destinations with the arrival of summer season, as it now enables its passengers to fly directly between Bodrum and London. The flights were introduced following Turkey being considered ‘the holiday destination’ for Brits seeking sun, sea, sand, and peace in 2018. The […]
The Skyway Aviation Handling Company Limited (SAHCOL) has won the contract to provide aviation ground handling services to Air Namibia at the Murtala Muhammed International Airport (MMIA) Lagos. According to a statement issued by the Acting Managing Director, SAHCOL, Mr. Basil Agboarumi, the new contract, would see SAHCOL providing unequalled passenger, ramp and cargo handling […]
The Consumer Protection Council (CPC) on Wednesday said it would collaborate with relevant stakeholders to deliberate on government’s regulatory policies to protect e-consumer to enlighten them on their rights. Mr Babatunde Irukera, the Director-General CPC, said this at the e-Commerce Consumer Protection Forum organised by the Association for Public Policy Analysis (APPA), a Non Governmental […]
Crucial indicators of the performance of the Nigerian Stock Exchange (NSE) dipped further on Wednesday, recording a marginal loss of 0.06 per cent. The slide is due to losses posted by highly capitalised and medium-size equities. Okomu Oil Palm topped the laggards’ table, dropping by N1.70 to close at N92.50 per share. Cement Company of […]
The Naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos gaining 20 kobo from N360 exchanged on Tuesday. The Pound Sterling and the Euro, however, closed at N482 and N419, respectively. At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound […]