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Michael Bloomberg inaugurates Global Business Forum as Dangote, others applaud

Bloomberg

On the sidelines of the United Nations General Assembly, Bloomberg Philanthropies hosted by former mayor of New York Michael Bloomberg, inaugurated its first Global Business Forum with an astounding line up of global innovators, including Africa’s richest man, Nigerian industrialist Aliko Dangote. Following talks by former US president Bill Clinton, French president Emmanuel Macron, Apple CEO Tim Cook, and Alibaba …

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NSE Organises its 2nd Market Data Workshop

The Nigerian Stock Exchange (NSE) in partnership with Thomson Reuters and other capital market participants, is set to host the second edition of the NSE Market Data Workshop. The event is scheduled to hold on Wednesday, 4th October, 2017 at The Civic Center, Victoria Island, Lagos. The workshop themed “Market Data: The bedrock of wealth creation”, will bring together investors, …

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NSE Fines Ekocorp, 29 Others N373 Million Over Non-compliance To Regulatory Requirements

NSE

The Nigerian Stock Exchange (NSE) has listed Ekocorp, Thomas Wyatt and Africa Alliance Insurance Plc leading the N372.5 million fine over inability to meet the Exchange regulatory requirements. The Exchange imposed a fine of N372.5 million on 30 listed companies for inability to file in their financial statements ranging between full year ended December 31, 2014 and second quarter ended …

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30 Winners Net 15% Rewards On Their Target Savings With Ecobank

30 Ecobank Nigeria customers have been rewarded with 15% of their monthly contribution in their Target Savings Account with the Bank. The lucky winners emerged from the first draw of the Ecobank Target Savings promo which started in August. The winners include Garba Suleiman Dalha of Kano – Bello Road branch; Nduonyi Sunday Matthew of Apapa-Warehouse Road branch in Lagos; …

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Oil prices hit $57 as OPEC meets

opec

Oil prices were largely up yesterday as traders waited to see whether oil- producing countries set to meet in Vienna, Austria would extend production limits to reduce the global crude glut. The brent crude was trading at $56.29 dollars a barrel. U.S. crude was 50.64 dollars. Ministers from the Organisation of Petroleum Exporting Countries (OPEC), Russia and other producers will …

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Sovereign Trust To Deepen Retail Market With New Capital

The chairman of Sovereign Trust Insurance Plc (STI), Oluseun Ajayi said the company plans to use the additional capital they are sourcing for to deepen their retail business across the country. Ajayi disclosed this to shareholders today September 21, 2017 at the company 22nd Annual General Meeting (AGM) in Lagos. Ajayi who used the yearly meeting to address some concerns …

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Royal Exchange Repositioned for Dividend Payment in 2017 Financial end

Royal Exchange Nigeria Plc will once again commence the payment of dividend to shareholders beggining from 2017 financial end. This assurance was on Thursday given by management, at the company’s fact behind the figure presentation on the floor of the Nigerian Stock Exchange (NSE), following assurances of sustaining value creation to its shareholders. The company last paid dividend to its …

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We’re committed to local content law

NNPC LOGO

The Nigerian National Petroleum Corporation has affirmed its commitment towards strengthening the provisions of the Nigerian Content Law in order to boost local capacity and employment. The Group Managing Director, NNPC, Dr. Maikanti Baru, gave the indication while inaugurating the Egina manifold load-out and sail-away constructed by Aveon Offshore Limited in Port Harcourt. Baru commended Aveon Offshore for the fabrication …

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Emefiele Identifies bottlenecks to Mortgage financing

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has identified various bottlenecks hindering genuine investors and by extension free flow of funds into the mortgage sector. The central bank governor while delivering a keynote address at a workshop for judicial officers on mortgage, with the theme: ‘Mortgage Disputes in Nigeria: The Need for Expeditious Resolution of Case,’ in …

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FG Says No going back on airports’ concession

Hadi Sirika Minister of State Aviation

The Federal Government says the planned concession of major airports across the country will go ahead as planned. This is just as it announced that N45 billion would be paid to ex-workers of the defunct Nigerian Airways as severance package. The Minister of State for Aviation, Hadi Sirika, stated this while fielding questions from State House correspondents after the Federal …

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