News

Photo Caption: From Left: Clifford Akpolo, Digital Marketing Manager, The Nigerian Stock Exchange (NSE); Pai Gamde, Ag. Head, Corporate Services Division, NSE; Simisola Bolatito Ogunleye,  singer, songwriter, vocalist, a Celebrity at 2017 NSE Corporate Challenge; Olumide Orojimi, Head, Corporate Communications, NSE and Boluwatiwi Omidiji, CSR Analyst, NSE at the Closing Gong Ceremony in commemoration of 2017 NSE Corporate Challenge at Exchange …

Read More »

New drugs are urgently needed to treat gonorrhoea, a sexually transmitted disease threatening to veer out of control as it develops resistance to existing antibiotics, the UN’s health agency said Friday. Nearly 80 million people are infected with the disease every year, the World Health Organization (WHO) said in a statement. Among these, doctors are finding more and more cases …

Read More »

The Federal Ministry of Petroleum Resources has put Nigeria’s crude oil production, including condensate at 2.025 million barrels per day in June 2017. Besides, the agency said the Federal Government is yet to secure funding for the rehabilitation of the country’s refineries. These come as the Federal Executive Council (FEC) approved the National Gas Policy, aimed at improving Nigeria’s gas …

Read More »

Efforts by the regulators to revive the primary market segment of the Nigerian Stock Exchange (NSE) received a boost as the Bureau for Public Enterprise (BPE) has said the agency is currently working with core investors in certain privatised enterprises sold by deferred public offering to ensure that they sell at least 20 per cent of such entities to the …

Read More »

The Federal Government on Thursday commenced an aggressive campaign to drive the rate of voluntary tax compliance in the country and boost tax revenue. The campaign, which commenced at the headquarters of the Ministry of Finance in Abuja, saw top officials of the ministry as well as the Federal Inland Revenue Service visiting markets and other popular places within the …

Read More »

The Nigerian Stock Exchange, NSE, has placed the shares of 17 companies on suspension for failing to file their various financial statements as at when due. Most of the companies are in the insurance sector, and are also penny stocks. The companies include African Alliance Plc, Equity Assurance Plc, Guinea Insurance Plc, Sovereign Trust Insurance, Goldlink Insurance, Great Nigeria Insurance, …

Read More »

The African Development Bank (AfDB) said that financial markets in Africa need to increase their lending to Micro, Small and Medium enterprises (MSMEs) in the continent by at least $135 billion in order to meet their demand. In a statement to mark the United Nations’ (UN) MSMEs Day, AfDB noted that MSMEs in Africa need increased affordable loans and more …

Read More »

The board of the Nigerian Communications Commission (NCC) has held an emergency meeting to review the Etisalat debt issue in its entirety and also the intervention made by the commission. This is even as a House of Representatives panel on Thursday intervened in the current financial crisis that is rocking the telecom company in order to forestall further crisis. The …

Read More »

The Central Bank of Nigeria (CBN) has said the Nigeria InterBank Settlement System (NIBSS) recorded over 1,200 per cent increase in reported fraud cases in 2016, estimated at N2.19 billion when compared to 2014 cases. According to ‘DipoFatokun, CBN’s Director, Banking and Payments System Department and Chairman, Nigeria Electronic Fraud Forum (NeFF), in a latest report, the industry processed transactions …

Read More »

The Managing Director and Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, has stressed that telecom firms in Nigeria can successfully list on the Nigerian Stock Exchange and contribute significantly to the socio-economic development of the country, barring challenges confronting operators in the sector. According to him, an enabling business environment, policies that promote ease of doing business and market …

Read More »