Business

Data gathered by the News Agency of Nigeria showed that the stock which opened for the year at 55k closed for the quarter at N1.22 per share, indicating an increase of 121.82 per cent to emerge the best performing stock. The Shares of Unity Bank Plc posted a percentage growth of 121.82 per cent on the Nigerian Stock Exchange to emerge …

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Oando Plc Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, officially commissioned its new office building, the ‘Wings Office Complex’ yesterday, 3 April 2018. The building located at 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos was commissioned by the Minister of State for Petroleum Resources, Hon. Dr. Emmanuel Ibe Kachikwu. Commenting on the commissioning …

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The planned closure of the Marine Bridge and Wharf Road in Apapa, Lagos, concurrently from next week will spell doom for the country’s seaports. Dangote A.S. recently announced plans to close both sides of the Wharf Road inward and outward Apapa while the Federal Ministry of Power, Works and Housing also announced plans to shut the Marine Bridge in Apapa …

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The Federal Government has spent a total of N3.72tn to service local debts in the past three years, statistics available from the Debt Management Office have shown. According to latest statistics made available by the DMO, the Federal Government spent a total of N1.48tn on actual debt servicing in 2017. With N1.23tn and N1.02tn spent on domestic debt servicing in …

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Photo Caption: From Left; Director General, Lagos Chamber of Commerce and Industry (LCCI), Mr Muda Yusuf; Vice President, Ukrainian Chamber of Commerce and Industry, Sergii Svystil; President, LCCI, Mr Babatunde Paul Ruwase, FCA; Deputy Minister of Economic Development and Trade of Ukraine, Nataliia Mykolska and Ambassador of Ukrain to Nigeria, His Excellency, Valeriy Aleksandeuk during the Ukrainian Chamber Delegation to LCCI …

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The Corporate Affairs Commission (CAC) has opened a portal to enable members of the public to personally conduct company or business name search free of charge in a bid to make the process of registering businesses in Nigeria cheaper, easier and faster. Acting Register-General of CAC, Lady Azuka Azinge, who disclosed this yesterday in Lagos at the Quarterly Stakeholders’ Forum …

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Diamond Bank Plc has announced challenges in meeting its obligation of releasing of its 2017 year ended December 31, 2017 audited financial results stipulated to be released by March 31, 2018, by the post listing requirement of the Nigerian Stock Exchange (NSE). According to the bank in a statement to the NSE on Wednesday, said that due to the stage …

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The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day meeting held at the apex bank’s headquarters in Abuja. He explained that nine members of the committee unanimously agreed  to …

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Losing your life savings boosts your risk of an early death by 50%, concludes 20-year study Scientists blamed the effects that losing cash can have on mental health They also said being unable to afford medical help may be behind the higher risk The 20-year-long study follows the Great Recession between 2008 and 2010 It is the most significant financial …

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Equity transactions on the Nigerian Stock Exchange (NSE) for the month of March recorded a total of 10.166 billion shares valued at N136.241 billion in 103,441 deals, representing a 14.88% drop in volume terms and 28.49% rise in value when compared to the preceding month of February. The financial services sector accounted for 5.74 billion units worth N54.064 billion, buoyed …

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