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Monday, September 17, 2018

Politics

EDUCATION BUDGET; EDUCATION AT THE BACK BURNER

By Oluseye Temitope Education they say is the bedrock of development in the society; this only makes sense to a country that is interested in...
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Monthly

Monthly Market Review

Politics can not totally be detached from the economy as the Nigerian political climate is having an adverse effect on business environment as foreign...

Industries

WEEKLY MARKET REVIEW

The past week (14/6/2018) in the Nigerian Stock Exchange market witnessed a marginal growth of 0.66% in the All...

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...

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

Morison Industries Plc. leverages on Right Issue to Reduce Finance Cost

By Ayinde Oluseye Shareholders of Morison Industries Plc may start looking forward to better times in the year ahead as the success of the Rights...

Fidson Reduces Bank Loans, Leverages on Strong Brands to Boost Performance in 2017

Fidson Healthcare realigned its debt portfolio to reduce exposure to banks in 2017 as the interest rate regime in the domestic financial sector continues...

Cost Overrun Challenges Honeywell’s Profitability in 2018

Revenue growth notwithstanding, skyrocketing cost of operations impacted significantly on the bottom-line of Honeywell Flour Plc in the year ended March 2018 as Profit...

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

Morison Industries Plc. leverages on Right Issue to Reduce Finance Cost

By Ayinde Oluseye Shareholders of Morison Industries Plc may start looking forward to better times in the year ahead as the success of the Rights...

Fidson Reduces Bank Loans, Leverages on Strong Brands to Boost Performance in 2017

Fidson Healthcare realigned its debt portfolio to reduce exposure to banks in 2017 as the interest rate regime in the domestic financial sector continues...

Cost Overrun Challenges Honeywell’s Profitability in 2018

Revenue growth notwithstanding, skyrocketing cost of operations impacted significantly on the bottom-line of Honeywell Flour Plc in the year ended March 2018 as Profit...

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...