Business

Investors on the Nigerian Stock Exchange exchanged 8.66 billion shares valued at N97. 08 billion transacted in 89,911 in July, the News Agency of Nigeria reports. A monthly data obtained by NAN from the NSE showed that the turnover increased by 12.32 per cent when compared with 7.71 billion shares worth N77. 92 billion traded in 100,895 in June. The Financial Services sector was the …

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The Federal Government on Monday announced the lifting of the administrative suspension Pioneer Status Incentives, following the conclusion of critical reforms to the incentive regime. It also announced a release of new guidelines for PSI applications as well as a revamped list of pioneer industries and products The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelama, announced the decision …

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Forte Oil Plc has assured the investing public of increase in Return on Investment (ROI, just as it said that it will continue to maintain its policy on consistent dividend payment. The company said it is determined to further enhance and improve its operating margins, diversify revenue base, as well as pursue focused mergers and acquisitions, and also leverage on …

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Nigeria and the Republic of Indonesia are to deepen bilateral relations especially in the areas of sharing information on National planning and development as well as trade and investment. This indication was given when the Minister of Budget and National Planning, Senator Udoma Udo Udoma received the Indonesian Ambassador to Nigeria, His Excellency Ambassador Harry Purwanto, in his office in …

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Photo Caption: From Left: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Oscar Onyema, Chief Executive Officer, NSE; Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc and Julius Omodayo-Owotuga, Group Chief Finance Officer, Forte Oil Plc at the Facts Behind the Figures presentation at the Exchange on Friday in Lagos.

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The Asset Management Corporation of Nigeria (AMCON) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) as strategy to recover N4.6 billion from debtors across the country. The corporation said this in a statement issued after a meeting with the management of the EFCC on Thursday in Lagos. It said the decision was for both agencies to …

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South African Airways (SAA) is on the edge of bankruptcy,  information made available to the  country’s parliament has revealed. According to the BBC, “The national carrier may soon be unable to pay salaries”, adding, “The cash-flow statement shown to MPs and seen by the BBC paints a picture of an airline haemorrhaging cash”. It says that matters may improve by …

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The Federal Government has said it relies heavily on the Dangote refinery (www.Dangote.com) to fulfill its promise to Nigerians to end fuel importation by December 2019. To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited the Dangote oil refinery site at Lekki Free Trade Zone, in Lagos, said the government is ready to play …

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Nigeria’s postal service, NIPOST, has just announced its adoption of the innovative global addressing system what3words (www.what3words.com). Nigeria is the seventh country to adopt what3words, and the third in Africa. The system is already being used for mail deliveries in Mongolia, Sint Maarten, Côte d’Ivoire, Djibouti, Tonga and Solomon Islands. Nigeria is Africa’s largest economy and its most populous country …

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Photo Caption: From Left: Laurine Ubanozie, Deputy Treasurer, Risk Managers Association of Nigeria (RIMAN); Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Ms. Folake Fatogbe, Chairman, Board of Trustees, RIMAN; Mr. Jude Monye, President, RIMAN and Dr. Gregory Jobome, Board Member, RIMAN at Closing Gong Ceremony at the Exchange today.

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