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, […]

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 […]