Breaking News


Why FCT is littered with abandoned houses- NIESV

One of the houses allegedly destroyed  by soldiers

The new President of the Nigerian Institution of Estate Surveyors and Valuers NIESV, Bolarinwa Patunola-Ajayi has said that the Federal Capital Territory, FCT, is littered with unoccupied buildings, because majority of them are proceeds of corruption. He called on the federal government to be serious in introducing property tax to address housing problem in the country.

Read More

New forex policy’ll boost real estate sector

The new flexible foreignexchange policy announced by the Central Bank of Nigeria, CBN, last week is believed to be a turning point for most business organisations currently struggling under the nation’s harsh economic climate. This optimism was expressed by the Managing Director of Propertygate Development & Investment Plc, a Lagos-based real estate development and investment company, Mr. Adetokunbo Ajayi, at an interview session during the 7th Annual General Meeting of the company held in Lagos at the weekend.

Read More
File photo: The  floor of Stock exchange

Shareholders get N158b dividends from 9 banks in 2015

Shareholders of nine banks quoted on the Nigerian Stock Exchange, NSE received 42.2 per cent or N158.4 billion as Return on Investment, ROI , out of the total banks’ Profit After Tax, PAT, of N375.8 billion for the financial year, 2015. Financial Vanguard’s findings showed that the nine banks’ PAT declined by N11.1 billion or 2.9 per cent as they recorded a total of N375.8 billion for the financial year, 2015 when compared to the figure of N386.9 billion recorded in 2014.

Read More

FG, Diamond Bank partner to develop entrepreneurs

Diamond Bank Plc, a quoted bank on the Nigerian Stock Exchange, NSE is partnering with the Federal Government to develop entrepreneurial skills among youths as a way of addressing the increasing rate of unemployment. The bank has been involved in entrepreneurial programmes and has announced the launch of the 3rd phase of the Building Entrepreneurs programme tagged “BET 3”.

Read More
A typical mass housing development

Fashola unveils plans on mass housing

Minister of Power, Works and Housing, Mr. Babatunde Fashola, has unveiled plans by the Federal Government to deliver mass housing for Nigerians. Speaking at an interactive session with the House of Representatives Committee on Housing, Fashola disclosed plans to build 360 houses in three states through Public Private Partnership (PPP) arrangement in the first phase, develop “Rent to Own” housing scheme for those who cannot afford mortgage and incorporate a new housing model into the National Building Code.

Read More

Rencap Securities top stock brokers’ activities with N9.9bn transactions value

Rencap Securities Nigeria Limited, last week led top ten stock brokers activity chart on the Nigerian Stock Exchange, NSE , both in volume and value, recording a total quantity transactions of 662.5 million shares, valued at N9.9 billion, thus representing 13.88 per cent and 18.79 per cent of the top ten market volume and value respectively.

Read More
Emefiele CBN Governor

Brexit’ll boost Nigeria’s foreign exchange policy- CBN

The Central Bank of Nigeria (CBN) said that the decision of the British people to leave the European Union (EU) will boost Nigeria’s foreign exchange policy. Commenting on the outcome of the British referendum on Friday, CBN Deputy Governor, Economic Policy, Dr. Sarah Alade told Reuters that the bank expected Britain’s vote to exit the European Union to be good for its foreign exchange policy as interest rates are likely to stay low in the U.S., channelling foreign investors to Nigeria.

Read More
CBN Governor, Mr Godwin Emefiele

CBN, NEXIM commence implementation of N550bn export funds

The Central Bank of Nigeria (CBN) and the Nigeria Export-Import Bank (NEXIM) have commenced the implementation of the N500 billion Non-Oil Export Stimulation Facility (ESF) and the N50 billion Export Rediscounting and Refinancing Facility. The two facilities were introduced by the CBN last week as part of measures to boost non-oil exports, by providing low interest loans to exporters.

Read More
People cycle with "Vote Remain" billboards urging people to vote in north London on June 23, 2016, as Britain holds a referendum on whether to remain in, or to leave the European Union (EU).
Millions of Britons began voting Thursday in a bitterly-fought, knife-edge referendum that could tear up the island nation's EU membership and spark the greatest emergency of the bloc's 60-year history. / AFP PHOTO

Why Brexit is grim news for world economy- The Economist

NIGEL FARAGE, the leader of the UK Independence Party, told elated supporters that June 23rd should go down as Britain’s Independence Day. The reaction in financial markets to Britain’s vote to leave the European Union was rather less euphoric. During the Asian trading day, the pound plunged against the dollar by over 10% to $1.32, a 30-year low. It fell far harder against the yen, a frequent bolthole for the anxious. Investors have started to flock to the safety of US Treasuries.

Read More

What you need to start your business

After you have determined what business idea you want to pursue, evaluated the market for your product, and research your competition, you need to put together a plan of action or business findings from your internal and external research, and documenting what you intend to in your business. There are some clearly defined questions that need to be focused on to provide the information you are looking for.

Read More
*In search of potable water

Equities sustain rally as GSK, Champion Breweries drive N482bn gains

The equities market sustained its rally last week as investors continued to raise their stake in most of the low value stocks, resulting in N482 billion increase in the market capitalisation. The rally was largely driven by strong buying interest on the shares of GlaxoSmithKline Nigeria Plc, Champion Breweries Plc, Transnational Corporation of Nigeria, Transcorp Plc, and Neimeth International Pharmaceuticals Plc among others.

Read More

FG urged to invest recovered loot in housing

A call has gone to the Federal government to invest recovered looted funds in the development of low-cost housing and mortgage financing to facilitate the reduction of housing deficit in Nigeria. Director-General, Institute of Mortgage Brokers and Lenders (IMBL), Elisha Jasper, made the call in a congratulatory message to the President Muhammadu Buhari on his one year in office.

Read More
UNVEILING - From left: Executive Director, Big & Bold communications Limited, Ranti Agunloye, Dolapo Shoneye, Brand Manager, Perfetti Vaan Melle and Chief Brand Strategist, Big & Bold Communications Limited, Jide Adeyemi during the unveiling of the new work station and anniversary of Big and Bold in Lagos.

Ad ethics: Milk brands flex muscle

Over the years the dairy market has witnessed an upsurge in the influx of brands and products jostling for prime place in the consumers’ heart. These new entrants have in the course of their struggle for consumers’ attention pitched their wit against each other. First to challenge the market leader Peak Milk was Promasidor’s Cowbell Milk which introduced powdered milk in smaller sachets in 1993. This initiative segmented milk consumption in Nigeria. This marketing effort paid off significantly for a while as Cowbell, adopted “Our Milk” as a pay off line.

Read More
File photo: The  floor of Stock exchange

Flexible exchange policy: CIS, other operators see further surge in stock prices

Chartered Institute of Stock brokers, CIS and other stock market operators have called on local investors to take advantage of the new flexible exchange policy that will kick off today (Monday) as they foresee the price of stocks skyrocketing . They also reassure investors that the Nigerian Stock Exchange, NSE has potential to generate strong Return On Investment (ROI) and the market is set for rebound very soon.

Read More