Business news
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has felicitated with all members of staff of the Corporation on the Eid el-Fitr celebration observed on Friday across the Country. In a press statement, the Group General Manager, Group Public Affairs Division of the corporation, Mr. Ndu Ughamadu, stated that […]
Vice President Yemi Osinbajo has commended Edo Government for initiating Azura power project to generate electricity and boost the economy. Osinbajo made the commendation after inspecting facilities at the site of the power plant in Benin on Friday. The vice president, who is on a two-day official visit to the state, says the 450 megawatts […]
The Nigerian Export Promotion Council (NEPC) in collaboration with the International Trade Center (ITC) has entered into partnership to launch “SheTrade Commonwealth Project”(SCP), Nigerian chapter, in order to make women significant contributors to Nigeria’s economy. The Executive Director of NEPC, Mr. Olusegun Awolowo, who made this known at the SCP implementation workshop in Lagos, explained that […]
The Nigerian Stock Exchange (NSE) expelled not less than 22 companies between 2016 and 2017 over non-performance and failure to meet the required post-quotation standards. Data obtained from the exchange showed that the delisted companies included Cappa and D’Alberto, Intercontinental Bank Preference shares, IPWA, G Cappa and West African Glass Industries. Others were Investment & […]
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April, 2018. The NBS disclosed this in its CPI and inflation Report for May released in Abuja, Nigeria’s capital. According to the bureau, this figure is […]
Trading activities dropped on the Nigerian Stock Exchange (NSE) after two consecutive days of growth, with the All-Share Index reducing 0.40 per cent. The index closed lower at 39,031.72 against 39,187.04 recorded on Tuesday, indicating a loss of 155.32 points or 0.40 per cent on Wednesday. Also, market capitalisation which opened at N14.188 trillion shed […]
The Federal Institute of Industrial Research Oshodi (FIIRO) has reiterated its commitment to promote small and medium enterprises (SMEs) in Nigeria. The Director General of FIIRO, Gloria Elemo, stated this at the opening ceremony of a three-day training workshop on ”Fish Smoking Technology” in Lagos. Elemo said that the institute would soon start implementing its various job […]
Nigeria’s currency – naira gained 50 kobo to firm against the dollar at the parallel market in the country. The currency exchanged at N361 to the dollar, stronger than the N361.50 traded on Tuesday, while the Pound Sterling and the Euro closed at N488 and N423, respectively. At the Bureau De Change (BDC) window, the […]
Oil prices slipped to $75.68 per barrel occasioned by rising supplies in the United States and expectations that producers could relax voluntary output cuts. This development may be threatening the current expectations on oil revenue for Nigeria’s 2018 fiscal plan which propelled the National Assembly to revise the oil price benchmark for 2018 budget as […]
Senator Joshua Dariye, a former governor of Plateau State, who was being prosecuted by the EFCC for a N1.16bn fraud was on June 12, 2018 sentenced to 14 years in prison for criminal breach of trust and two years for misappropriation of public funds, to run concurrently. Justice Adebukola Banjoko of the Federal Capital Territory […]