Finance Archives — Page 16 of 20

January 24, 2018 No Responses

Oando: Shareholders fault Sanusi’s intervention

The reported intervention of the Emir of Kano, Muhammadu Sanusi in the face-off between Oando Plc and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC), the Oando Shareholders Solidarity Group (OSSG)...

January 23, 2018 No Responses

CBN boosts foreign exchange market with $210m

The Central Bank of Nigeria (CBN) has boosted the inter-bank foreign exchange market with $210 million to meet customers’ requests in various segments of the market. The Bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement ...

January 22, 2018 No Responses

CBN explains inability to hold MPC meeting for January

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee (MPC) for January. A statement signed by Emefiele...

January 19, 2018 No Responses

SEC extends e-dividend free registration to February 28

As part of its developmental role, the Securities and Exchange Commission (SEC) has announced an extension of the period for the FREE e-Dividend registration exercise till February 28, 2018, to encourage more shareholdersmandate their Bank Accounts Ac...

January 19, 2018 No Responses

WFE unveils best practice guidelines for cyber security compliance

The World Federation of Exchanges (WFE) on Thursday published a set of best practice guidelines for market infrastructures designed to engender a staff culture of cyber security compliance. The paper takes a behavioural approach to the issue, as evidence.....

January 18, 2018 No Responses

CBN unveils agenda to push tomato, cocoa, palm oil production in 2018

The Central Bank of Nigeria (CBN) says it will aggressively push and support farmers to boost the production of tomato, cocoa and palm oil across the country in 2018. The CBN Governor, Mr Godwin Emefiele, disclosed this when he visited...

January 17, 2018 No Responses

Onyema: We are hopeful that Demutualization Bill will be signed into law in 2018

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap & Outlook for 2018 on Tuesday, January 16, 2018, at the Stock Exchange House, Lagos. This annual event is a forum for the Chief Executive Officer of NSE, Mr....

January 17, 2018 No Responses

FG pays N11b to you win awardees

The Federal Government has disbursed the total sum of N10, 995, 391, 260 billion to the beneficiaries of the third edition of the YouWiN! programme from 2015 to date, out of which N8, 396, 905,038 billion was disbursed by the...

January 16, 2018 No Responses

CBN injects $210m into foriegn exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communic...

January 13, 2018 No Responses

NSE trading index drops by 0.33 per cent

Activities on the Nigerian Stock Exchange All-Share Index on Friday bowed to profit taking halting the six-day price rally with the All-Share Index dropping by 0.33 per cent. The News Agency of Nigeria (NAN) reports that the index lost 142.64...

January 12, 2018 No Responses

BPE: Comatose state of Nigerdock worrisome, negates essence of privatization

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has assured the Board and management of the Nigerdock Nigeria Plc that the Bureau is committed to the full realization of the potentials of the integrated engineering...

January 12, 2018 No Responses

7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

Seven-Up Bottling Company Plc shareholders on Thursday approved the Scheme of Arrangement for the acquisition of 26.8 per cent shares by Affelka South Africa. The shareholders gave the approval at the Court-Ordered meeting convened at the instance of the Fed...

January 10, 2018 No Responses

World 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 World Bank’s January 2018 Global Economic...

January 9, 2018 No Responses

Ogbeh: Agriculture created over 6m jobs in two years

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said on Monday that agriculture sector created six million jobs in the last two years. Ogbeh said this while analysing the achievements of his ministry and 2018 targets of the...