Finance Archives — Page 17 of 21

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...

January 8, 2018 No Responses

Edo partners World Bank on expenditure framework, inclusive growth

The Edo State Government has revealed that it is partnering with the World Bank on its Medium-Term Expenditure Framework (MTEF) and Medium Term Sector Strategy (MTSS), for efficient allocation of resources and engender inclusive growth. Special Adviser to the ...

January 5, 2018 No Responses

Baru: FG lost 148,533 million litres of PMS to diversion

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Thursday disclosed that the nation lost about 148,533000 million litres of fuel to diversion during the December fuel crisis in Nigeria. Speaking at an investiga...

January 5, 2018 No Responses

Debut Sovereign Green Bond Oversubscribed

The Debt Management Office (DMO) has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received by a wide range of investors. In a statement, DMO explained that at the close...

January 4, 2018 No Responses

‘Oando’s forensic audit to commence this month’

There is no going back on the forensic audit of Oando Plc, the Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Abdul Zubair, has said. Speaking at a press briefing in Abuja on Tuesday, Zubair said the...

January 3, 2018 No Responses

SEC extends forbearance window for multiple accounts consolidation to March 31

The Securities and Exchange Commission (SEC) has extended the forbearance window for multiple accounts consolidation to March 31, 2018. Speaking at a press briefing on Tuesday in Abuja, Acting Director General of SEC, Dr. Abdul Zubair said:“With a view...

December 30, 2017 No Responses

Obaseki signs Edo’s N150b 2018 Budget into Law

The Governor of Edo State, Mr Godwin Obaseki, has signed the state’s 2018 appropriation bill as passed by the Edo State House of Assembly, into law. At the signing ceremony in Government House, Benin City, on Friday, Obaseki said the...

December 28, 2017 No Responses

Heritage Bank Photo News

L-R: 3rd Position, Miss Ondo, Anne Ufuomanefe; Executive Director, Heritage Bank, Mr. Jude Monye, incoming 41st Miss Nigeria, Miss Adamawa State, Mildred Peace Ehiguese; Executive Director, Heritage Bank, Mrs. Adaeze Udensi; Second Position Miss Delta State...

December 23, 2017 No Responses

Union Bank announces changes to its Board of Directors

Union Bank of Nigeria Plc (Union Bank) has announced changes to the membership of its Board of Directors with the retirement of an Executive Director, Mr. Ibrahim Kwargana and the resignations of Non-Executive Directors, Engr. Mansur Ahmed, Chief Dr. (Mrs.)...

December 22, 2017 No Responses

Customs hits N1trillion highest revenue collection

The Nigeria Customs Service (NCS) has recorded its highest revenue collection ever of over N1 trillion as against N770 billion target set for 2017. The Service Public Relations Officer, Mr Joseph Attah, announced this at a news conference in Abuja...