Dealing members (Stockbrokers) on the Lagos floor of the Nigerian Stock Exchange (NSE) on Thursday at an Extra- Ordinary General Meeting (EGM) approved the demutualization programme of the Exchange. Specifically at the meeting, Patrick Ezeagu, President Association of Stockbroking House of Nigeria (ASHON) moved the motion for the underlisted prayers to be taken as one and was supported by Emeka …

Folake Sokoya A 42-year-old man, Lucky Emmanuel, who was paraded at the Lagos State Police Command, Ikeja on Wednesday for defiling a 13-year-old girl has said that he already paid the sum of N64, 000 partial payment of the girl’s bride price to her parents when she was confirmed pregnant. The suspect who resides at Ilaje, Ajangbadi area of Lagos …

Determined to maintaining its leading position in the domestic economy, Access Bank Plc said it may consider returning to the capital market for fresh capital. Group Managing Director of the bank Herbert Wigwe gave this hint on Wednesday in Lagos while responding to shareholders questions at the bank’s 28th Annual General Meeting (AGM). According to him, the need for additional capital …

Heritage Bank Limited has enhanced capacity of Ex-Housemates of Big Brother Naija reality TV show and other emerging 21st century entrepreneurs at an SME enhancement capacity training programme. Speaking at the breakfast meeting in Lagos yesterday, Mr. Ejikeme Obiano, Head, Solutions and Propositions of Heritage Bank said the bank was committed to creating, preserving and transferring wealth as a timeless …

Mortgage lenders are buckling under the weight of unpaid loans as job losses and inflation near a record high hinder the ability of customers to pay off their debts, Bloomberg has reported. At least 55 per cent of the mortgage industry’s N94bn loans are classified as non-performing, according to the Nigeria Deposit Insurance Corporation. The President, Mortgage Banking Association of Nigeria, Adeniyi …

Nigeria has lost some of its market share in Europe, its biggest regional market, as crude oil exports from the United States penetrate more destinations. The US had in December 2015 removed the 40-year-old restrictions on its crude exports following the rapid growth of its oil production from 2013 to 2015. The US Energy Information Administration said on Tuesday that …

The Federal Executive Council has approved the country’s $500m Eurobond, which was recently endorsed by the National Assembly. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this to State House correspondents at the end of the meeting of the council presided over by President Muhammadu Buhari on Wednesday. She was joined at the press briefing by the Minister of Information …

Photo Caption: Scramble for Forex at the Central Bank of Nigeria (CBN) Lagos office this morning as early as 7am. Advertisement

The Nigerian National Petroleum Corporation has said its ongoing reform was geared towards transforming it from an oil and gas company into an integrated energy outfit with interest in power generation and transmission. It also stated that the country’s power transmission capacity was inadequate, adding that this was the major reason for the poor supply of electricity nationwide. The Group …

The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja, has disclosed that the Commission will run its 2017 Easter pilgrimage to Israel from April to May. The NCPC boss in a statement explained that this year’s Easter pilgrimage is designed to afford Christians and all intending pilgrims the opportunity to encounter Christ during the Easter season. Despite …