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The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation with the rate dropping from 15.9 per cent in November to 15.37 per cent in December. The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate. The report said the Urban inflation rate rose by 15.78 …

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By Friday Ekeoba As Stock Market Emerged 3rd Best Performing In The World Market Turnover Increased By 121% Set To Become A More Agile And Flexible Demutualized Securities Exchange The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has said that the economy has growth prospect in 2018, considering some basic indicators in the domestic economy. …

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Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman, for the purpose of resolving service issues between the Bank and its customers. The Ombudsman is an Alternate Dispute Resolution (ADR) platform wherein an aggrieved customer of the Bank may lodge complaints or grievances over the …

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The Nigerian Stock Exchange (NSE) has announced the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January, 2018. Awe’s elevation which was made know on Monday to the investing public, has since received regulatory approval. As Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe has oversight functions for the following teams: Broker …

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Afriluxe, an online platform dedicated to offer and deliver about 17,000 original beauty products, among others, has made a debut in Lagos. The portal is designed to enable consumers have direct access to original products from the world’s leading beauty and luxury brands and have same delivered to users within eight working days in Lagos and 12 working days for …

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Tayo Olanipekun Facebook has said it will change how posts from businesses, brands and media appear on its site, making them less prominent than the messages shared by family and friends. The Chief Executive, Mark Zuckerberg, explained on his page that organizations will witness a decrease in the popularity of their posts when the change takes effect in few weeks’ …

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Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile.   A press statement issued in Lagos on Friday said: “Globacom has not acquired 9Mobile as widely reported in the media.”   According to the company, “We are bound by the terms of the acquisition process as stipulated …

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Following renewed interest in the purchase of shares, the Nigerian Stock Exchange continued its impressive run on Thursday as investors on the bourse recorded a price appreciation of N436 billion. Gains in Honeywell FlourMills Plc and Cement Company of Northern Nigeria, CCNN, and 54 other companies that recorded varying degree of price increase on the day buoyed the equities transactions …

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… Resumes’ April 1st, 2018 Following the expected retirement of Yemi Adeola the incumbent Managing Director of Sterling Bank Plc in March 31, 2018, the board of directors of the bank has announced the appointment of Suleiman Abubakar as the new Managing Director. Abubakar will resume as the substantive head of the bank on April 1, 2018. Abubakar currently serves …

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Tayo Olanipekun Governor Akinwunmi Ambode of Lagos State on Thursday said in spite of the state of the nation’s economy in 2017,the state budget performed well as the Center of Excellence also raked in a huge amount in Internally Generated Revenue (IGR). He put the performance of the budget last year at 82 per cent and that of the IGR …

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