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NSE ETFs assets hit N4.26bn in five years– Onyema The Nigerian Stock Exchange on Monday said the Assets Under Management of the eight listed Exchange Traded Fund stood at N4.26bn as at September, 2016. The NSE Chief Executive Officer, Mr. Oscar Onyema, spoke at the ETF 2016 workshop organised by the bourse in partnership with Stanbic IBTC Asset Management, Lotus …

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Oyo State political office holders to get 50% reduction in salary Things appears to nolonger be at easy in Oyo State, as Government announced a 50 percent reduction in the salaries of political office holders, their compensation, approval limits and government’s spending with immediate effect. The Secretary to the State Government (SSG), Alhaji Olalekan Alli, disclosed this at a news …

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Why Nigerians shun banks, keep money at home   Some experts have identified greed, corruption and instability of the financial sector as reasons why people keep money at home. In South-West, a financial analyst, Mr. Rotimi Agboluaje, bemoaned the trend, saying this had impacted negatively on the economy.   Agboluaje cited illiteracy, lack of financial education and lack of confidence …

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  Buhari gives-up Presidential Lodge At Marina Back To Lagos President Muhammadu Buhari has handed over the Presidential Lodge at Marina to the Lagos State government. Mr. Buhari’s gesture followed a request by Governor Akinwunmi Ambode to have the lodge released to the Lagos State Government in its bid to transform the Marina-Onikan axis into a world-class arts and tourism …

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Anambra gets N3bn CBN grant for Agric, SMEs Governor Willie Obiano of Anambra State on Friday said the state had secured a N3 billion grant from the Central bank of Nigeria to invest in SMEs and agriculture. Obiano made the disclosure at the flag-off of training for the first batch of 150 youths at the Federal Youths Training Centre, Mgbakwu …

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Lagos Trade Fair Open Today The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to host the 30th edition of the Lagos International Trade Fair. The Opening Ceremony takes off today at the Tafawa Balewa Square, Onikan, Lagos. While the Closing Ceremony …

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$30bn: Borrowing more than 2016 budget is dangerous—Economist Leading Economist and analyst, Dr. Austin Nweze has expressed fears on why the federal government is scattering the nets of borrowing abroad considering the fact that the particular budget it intends to facilitate is lower than the target loans put together. In an interview Thursday, he queried the target sources of repayment …

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