NSE to Implement New Par Value, Pricing Methodology Rules
1. Introduction: Pursuant to the implementation of the approved amendments to the Pricing Methodology1 and Par Value Rules, as contained in Rules 15.29 and 15.30 respectively of the Rulebook of The...
View ArticleWorld Bank: Nigeria’s economy to grow by 2.5% in 2018
The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from improved commodity prices, investments and trade. According to the...
View ArticleKia to unveil 16 electrified vehicles by 2025
Kia on Tuesday said it will continue to expand its range of environmentally-friendly cars in the coming years, and plans to offer a total of 16 electrified vehicles by 2025, including a fuel-cell...
View ArticlePhoto News: AIICO Insurance bags recognition award, As Nigerian Actuarial...
L-R: Mr. Edwin Igbiti, MD, AIICO Insurance Plc, receiveing the award in recognition and appreciation of AIICO’s immense support to the organization from Mr. Kingsley Miller, Secretary, Nigerian...
View ArticleLagos conducts 120 foreign, local trainings for workers
L-R; Alhaji Lanre Malik, Managing Director, Gelim Macrodiylluor, Mr. Deji Koko, Director, Accounts. Permanent Secretary, Mrs. Clara Ibirogba, . Commissioner of Establishment, Training and Pensions, Dr....
View ArticlePhoto News: First Federal Executive Council Meeting of 2018
Left to Right:The Minister of Finance, Mrs. Kemi Adeosun; Minister of Mines and Solid Minerals, Dr. Kayode Fayemi; Minister of Interior, Abdulrahman Danbadau and Minister of Water Resources, Suleiman...
View ArticlePhoto News: Faces at the 2017 Sovereign Trust Staff end of the year party and...
R-L: Deputy General Manager/ Head, Risk Management & Compliance; Sanni Oladimeji; Managing Director, Mr. Olaotan Soyinka and a guest during the end of the year party and Long Service Award held in...
View ArticleN2.63trn Flows into Federation Account from Non-oil Revenue in 12 Months
In the 12 months through to September 2017, gross flows into the federation account amounted to N3.51trn from oil revenue and N2.63trn from non-oil revenue. Over the period, oil revenue was the higher...
View ArticleGhana: December inflation hits 11.8% Inflation Pricess
The monthly change rate is as a result of the rise in Food and Non-food Inflation Inflation rate for December 2017 increased slightly to 11.8 per cent, up from the 11.7 per cent recorded in November in...
View ArticleFlour Mills Opens N39.9 Billion Rights on January 15, 2017
Dealing Members are hereby notified that the Rights Issue of Flour Mills of Nigeria Plc of 1,476,142,418 ordinary shares of 50 Kobo each at the offer price of N27.00 per share on the basis of nine (9)...
View ArticleFinancial Services Sector is the Most Capitalized Sector; Contributes 31.62%...
Nigerian Stock Market performance in 2017 was very impressive. The market capitalization as at 29th December 2017 stands at N13.62trn compared to the N9.25trn ,as at the last day of trading in...
View ArticleCan Oil Break The $70 Threshold?
On Tuesday, we took a quick look at some of the critical figures and data in the energy markets this week. We then looked at some of the key market movers early this week before providing you with...
View ArticleBitcoin and cryptocurrencies ‘will come to bad end’, says Warren Buffett
Billionaire investor Warren Buffett The billionaire investor and his longtime manager Charlie Munger, two of the world’s most successful investors, say they’d never invest in cryptocurrencies...
View ArticleCBN Disowns Fake Emefiele Twitter Handles
The Central Bank of Nigeria (CBN) has disowned several fake twitter handles purportedly owned by the Governor, Mr. Godwin Emefiele. The apex bank in a statement signed by the Ag. Director, Corporate...
View ArticleAmbode reshuffles cabinet, drops three commissioners *Appoints Five New Ones
Lagos State Governor, Mr. Akinwunmi Ambode on Thursday carried out a major cabinet reshuffle, dropping three commissioners and appointing five new ones. In a statement signed by the Secretary to the...
View ArticleVitafoam Secures BOI’s N2 Billion Facility to Augument Working Capital
The Management of Vitafoam Nigeria Plc wishes to notify esteemed shareholders, market operators and the general public that it has secured the approval of the Bank of Industry (BOI) for a long term...
View ArticleSterling Bank Says Yemi Adeola Exits as CEO, Names Abubakar Suleiman as...
Yemi Adeola, Outgoing Managing Director/Chief Executive Officer of Sterling Bank Plc We wish to notify you of the retirement of Mr. Yemi Adeola, Managing Director/Chief Executive Officer of...
View ArticleInflation Reversal to 15.94% in December; Is it a Trend or a Blip?
We forecast that headline inflation will creep up to 15.94% in December 2017, from 15.90% in November. This will be the first increase after 10 months of consecutive marginal declines (cumulatively...
View ArticleNigerian Stocks Benchmark Index Hit Four-Year High of 43,041.54Pts
The Nigeria equities market sustained its bullish run for the sixth consecutive trading session, gaining +2.93% today as the ASI hit a new 4-year high of 43,041.54pts. Market breadth index, a gauge...
View ArticleGhana: National Insurance Commission bans 2 insurance companies
NIC banned the operation of these companies for failing to meet its minimum capital of GHC15 million National Insurance Commission (NIC) has barred two insurance companies from full operation. It has...
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