Business

The National Bureau of Statistics on Wednesday released the Consumer Price Index  which measures inflation with the index dropping year-on-year from 15.98 per cent in September to 15.91 per cent in October. The bureau in the report which was made available said this is the ninth consecutive month since January this year that the index would be slowing down. The report …

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The Association of Senior Civil Servant of Nigeria (ASCSN) has advised the Federal Government to constitute a panel to negotiate new national minimum wage. In an address delivered on Tuesday in Enugu by the National President of ASCSN, comrade Bobboi Kaigama at the National Executive Committee (NEC) of the Association, the group explained that “the massive devaluation of the Naira has made …

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The Aliko Dangote Foundation has completed a mosque valued at over N100 million and handed it over to the Federation of Muslim Women Association in Nigeria (FOMWAN). Aliko Dangote Foundation had taken over the building of the mosque in Utako District of Abuja following an appeal made by FOMWAN to the President of the Dangote Group, Alhaji Aliko Dangote. Speaking …

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West Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is expected to rebound in 2017 onwards. Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like Côte d’Ivoire, Mali, and Senegal …

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The Kwara State Governor, Alhaji Abdulfatah Ahmed has signed the State 2017 Supplementary Budget of N166, 105, 047, 405 into law. This is against the initial N160, 900, 388, 017 budget that was passed early this year by the State House of Assembly. The lawmakers had recently approved the revised budget and resolved that the sum of N29, 082,336, 523 …

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Diamond Bank customer Patrick Anyatonwu, has emerged star prize winner of the just concluded ‘Western Union Back to School Promo” held yesterday at Diamond bank Awolowo road Ikoyi branch. He was rewarded with a brand new Hyundai Accent salon car. According to Patrick, “I have been a long time customer of Diamond bank and Western Union. When I was initially …

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President Muhammadu Buhari has approved the appointment of Prof. Moji Adeyeye as the Director-General of the National Agency for Food and Drug Administration and Control. The appointment was contained in a statement on Tuesday by Assistant Director (Press), Office of the Secretary to the Government of the Federation, Mohammed Nakorji. According to the statement, Adeyeye’s appointment which takes effect from …

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From Left:  David Achugamonu, Partner, Financial Services Industry, Deloitte;  Titus Osawe, Head, Inspectorate & Enforcement Directorate, Financial Reporting Council (FRC);  Tinuade Awe, General Counsel  | Head, Regulation​, The Nigerian Stock Exchange (NSE); Oduware Uwadiwe, Partner, IFRS, Advisory, Deloitte,  Godstime Iwenekhai, Head Listings Regulation; Joshua Ojo, Partner, Financial Services Industry, Deloitte at the X-Academy training themed: Accounting For Assets in A Volatile Market (IFRS Approach) …

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The Director General of Nigerian Securities and Exchange Commission (SEC), Mounir Gwarzo, said things are looking good for the capital market and the nation with the growth the market witnessed in the last quarter, which also coincided with a low general inflation as well as increased GDP and Foreign Reserve Nigeria has recorded. The DG maintained this position on Monday …

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The Vice President, Professor Yemi Osinbajo on Saturday, performed the groundbreaking ceremony of the N200 billion Benin Industrial Park at Iyanomo in Ikpoba Okha Local Government Area of Edo State.  Speaking at the event, Prof. Osinbajo said the industrial park will create 170, 000 direct and indirect jobs and would contribute significantly to the country’s manufacturing sector.  He commended the Governor of …

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