Business

The Nigerian Stock Exchange has announced the election of Mr. Abimbola Ogunbanjo as the new President of National Council of the Exchange. This decision was reached at The Exchange’s National Council meeting held immediately after its 56th Annual General Meeting on September 25, 2017. Natiinalwire had earlier reported that following laid down house rules of the NSE, Igunbanjo is likely …

Read More »

Activities on the floor of Nigerian Stock Exchange (NSE) went down by 0.37 percent on Monday 25th, September 2017, bringing the year to date return to 31.57 percent. Specifically, the All Share Index closed at 35,358.73 against the previous close of 35,488.81 while Market Capitalization closed at N12.189 trillion against previous close of N12.234 trillion. Volume traded decreased by 44.25 …

Read More »

Lagos State Governor, Mr Akinwunmi Ambode, on Monday handed over 120 new 5KVA generating sets to the Lagos State Police Command to power all police formations across the State, with a pledge of continuous support to security agencies to ensure optimal performance. Speaking at Lagos House in Ikeja while handing over the generating sets to the police, the Governor reiterated …

Read More »

Manitoba Hydro International, the Canadian firm that was awarded the management contract for the Transmission Company of Nigeria for four years, failed to meet the target given to it by the Federal Government, as it could not reinvigorate or pull out the TCN from its inefficiencies. According to the Interim Managing Director, TCN, Usman Mohammed, instead of repositioning the firm, …

Read More »

The Federal Controller of Works in Lagos State, Mr. Godwin Eke, has said that the Federal Government has commenced the rehabilitation of roads and bridges in Lagos State. Eke, who spoke with journalists in Lagos on Saturday, said some of the roads had become deplorable and required urgent attention, adding that the Federal Government was determined to make all its …

Read More »

The Federal Government has said that there is no plan to Islamise the country with the recent issuance of its N100bn Sukuk bond. The Minister of Finance, Mrs. Kemi Adeosun, said this on the sidelines of an investor conference organised by Stanbic IBTC Bank in Lagos. Offer for subscription for the Sukuk bond closed on Friday. Adeosun stated that several …

Read More »

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected as the Chairman of the International Islamic Liquidity Management Corporation. A statement signed by the Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor on Friday, said Emefiele was elected on Thursday in Jakarta, Indonesia. As a result of the appointment, Emefiele has also become the head …

Read More »

…As Dangote, Aig-Imoukhuede others bows out … Abimbola Ogunbanjo to Emerge New President … Generated Revenues down 31% The Nigerian Stock Exchange (NSE) has elected nine new council members to the board to help pilot the affairs of the Exchange in the next two years. The new council members who emerged on Monday at the NSE’s 56th Annual General Meeting …

Read More »

Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels …

Read More »

The board of directors of Newrest ASL Nigeria Plc, formally Airline Services & Logistics Plc has divested its entire interest in ASL Rwanda Limited. This is contained in a statement sent to the Nigerian Stock Exchange (NSE). Prior to the disposal, ASL Rwanda Limited was one of the company’s three subsidiaries and has consequently ceased to be a subsidiary of …

Read More »