Business

Tayo Olanipekun Governor Akinwunmi Ambode of Lagos State on Thursday said in spite of the state of the nation’s economy in 2017,the state budget performed well as the Center of Excellence also raked in a huge amount in Internally Generated Revenue (IGR). He put the performance of the budget last year at 82 per cent and that of the IGR …

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… To Get N125 Per Share After several weeks of lobbying, Shareholders of Seven Up Bottling Company Plc (SBC) on Thursday January 11, 2017 at an Extra Ordinary Meeting (EGM) which was ordered by the court in Lagos approved the delisting of the company from the daily official list of the Nigerian Stock Exchange (NSE).  Following the approved delisting of …

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Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth a combined $75.4 billion, compared to $70 billion in January 2017. The richest African, for the seventh year in a row, is Nigerian cement and …

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The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has commended the Japanese Government for aligning its development assistance programmes with the development needs of Nigeria. Senator Udoma who made the commendation when members of Japanese Parliament led by Mr. Kiyoshi Ejima, visited him in Abuja, said Japan’s contributions to Nigeria in the areas of Health, Education, Power, …

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The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has expressed sympathy to the Executive Committee of the Association of Nigerian Licensed Customs Agents (ANLCA) over the recent fire incidents which occurred resulting in the loss of some official documents at its Tincan Island Port Complex (TCIP) locations. Bala Usman explained that the management will always make sure …

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The World Bank has forecast that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. According to the World Bank’s January 2018 Global Economic Prospect report launched on Tuesday in Washington DC, Nigeria’s Gross Domestic Product (GDP) is expected to grow by 2.8 …

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Nigeria’s crude and condensate production stood at 2.25 million barrels per day on Tuesday, while 254 companies submitted bids for the sale and purchase of the country’s crude oil grades for the 2018/2019 Crude Term Contract. According to the Nigerian National Petroleum Corporation, about 40 cargoes of crude volumes will be offered monthly to winners of the term contract, adding …

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…As Companies Are Unable To Meet Listing Obligations Following the unabated economic contraption in the domestic economic, the investing public is apprehensive at the rate quoted companies are being delisted from the official list of the Nigerian stock Exchange (NSE) signifying a bleak future for the economy. The worrisome reality is that most of the companies that have delisted did …

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In a continuous bid to sensitize the Public about Non-Interest Banking, Your one-customer Bank is organizing a one day Public lecture themed “Reducing Poverty and unemployment through Non-Interest Banking”. The event which is slated for the January 15th, 2018, will take place at the Meena Event Centre, Kano. This is part of the Bank’s commitment to further deepen the awareness …

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Folake Sokoya Governor Abdulfatah Ahmed of Kwara State has called for a reduction in the counterpart fund payable by state governments as matching grant for the Universal Basic Education Commission (UBEC) programme. The governor, who made the call while receiving members of the UBEC monitoring team led by its Deputy Director of Planning, Research and Statistics, Mr Osahon Igbinoba in …

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