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Sunday, May 20, 2018

Politics

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Monthly

Monthly Market Review April

The Nigerian stock market remained on keel as the equity Market Capitalization and All Share index remained almost on...

Industries

NIGERIANS PAYING FOR DARKNESS

By Ayinde Oluseye Over the past decades successive governments have endeavoured to tackle Nigeria's energy deficit problem by maintaining a monopoly in power provision and...

ICT has overtaken oil and gas in job creation – Atiku

Mr Samuel Atiku, an Information and Communication Technology (ICT) expert, on Thursday called on the Federal Government to adequately exploit the potential of ICT...

Rice production: Dangote partners Ondo

By Ayinde Oluseye The Ondo State Government has entered into a partnership with the Dangote Group of Companies on rice production as the group has...

Money Market

Banks borrow N52tr from CBN as liquidity pressure intensifies

Banks’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016,...

Investors excited as Nigeria’s external reserves hit 4-year high of $40.3bn

By Ayinde Oluseye Investors in Nigeria are excited as the country’s external reserves rose to $40.33 billion last week, the highest in four years. Also,...

Naira appreciates to N359.38/$ as I&E records $26bn turnover in 2017

The naira on Tuesday recorded its biggest daily appreciation of N1.76 in the Investors and Exporters (I&E) window. Data from the Financial Market Dealers Quote...

Other Financial Services

CBN order banks to settle customers’ complaints within two weeks

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to settle customers’ complaints within two weeks. The apex bank’s order touches...

Lekki, Ikoyi Residents and motorists get a toll tariff Increase

By Ayinde Oluseye Lekki, Ikoyi residents and motorists should get themselves braced up for increase in toll tariffs following extensive consultations held with stakeholders in...

NAICOM Orders Micro-Insurers to deposit a minimum 10% capital with CBN

By Ayinde Oluseye Prospective micro-insurers must maintain a statutory deposit of 10 percent of the minimum capital requirement with the Central Bank of Nigeria, CBN...

Equity Analysis

2017 results show Nigerian companies still picking crumbs from the tables of global giants

By Reapfinance Investigative Group Breaking into the league of global giants still remains a tall dream as the 2017 results declared so far by Nigerian...

Bulls resurface on gains in highly capitalised stocks

The bulls upstaged the bears today at the Nigerian Stock Exchange, NSE, following marginal gains in some of the highly capitalised stocks, including Dangote...

NSE migrates UBA, Seplat, two others to elite club

The Nigerian Stock Exchange on Monday announced that it had migrated Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United...

Africa

New Liberian President Elect George Weah ; Will A Good Footballer Make A Good...

For decades, Liberia has waited through war and strongmen for a peaceful democratic transfer of power. On Thursday, as the last ballots in a...
ECOWAS

ECOWAS To Spend $29bn On Devt Projects In W/Africa

Economic Community of West African States, ECOWAS, has said it had concluded plans for sub-regional development projects worth $29.66 billion for the period 2018...

Five Strongmen and the Fate of Arab Spring

One is in quiet exile. One was imprisoned and now lives in virtual house arrest. One remains in power, in a country shattered by...

Investments

2017 results show Nigerian companies still picking crumbs from the tables of global giants

By Reapfinance Investigative Group Breaking into the league of global giants still remains a tall dream as the 2017 results declared so far by Nigerian...

SEC confirms talks with MTN Group on $500m public offer

The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million...

Bulls resurface on gains in highly capitalised stocks

The bulls upstaged the bears today at the Nigerian Stock Exchange, NSE, following marginal gains in some of the highly capitalised stocks, including Dangote...

Sports Business

Lionel Messi

MESSI GETS £80m SIGN ON BONUS ON TOP OF HIS £500,000 A WEEK SALARY

MESSI GETS £80m SIGN ON BONUS ON TOP OF HIS £500,000 A WEEK SALARY Lionel Messi has signed a new four-year contract at Barcelona worth...