Stock market: Investors lose N68bn in 5 days

Stock market: Investors lose N68bn in 5 days

Investors in the nation’s stock market, last week lost N68 billion of their investment in stocks as the Nigerian Stock Exchange, NSE market capitalisation dropped from N9.496 trillion the previous week to close last Friday at N9.428 trillion.
Visible Articles 5 10 15
Rio 2016 Olympics: More controversies, no Gold

Rio 2016 Olympics: More controversies, no Gold

The 2016 Olympic Games in Rio provided some memorable moments with some athletes creating Olympic records, individuals winning medals more than countries who left Rio as they came. Empty handed.

Tax drive: Deploy persuasion, Fowler tells practitioners

Tax drive: Deploy persuasion, Fowler tells practitioners

Chairman, Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler, has asked tax administrators to deploy psychology and persuasion, rather than enforcement of law, technology and mobilisation in getting people to pay.

Unlocking Nigeria’s SME value chain will boost economy – Stanbic IBTC

Unlocking Nigeria’s SME value chain will boost economy – Stanbic IBTC

Unlocking the full potentials of Nigeria’s Small and Medium Scale Enterprises (SMEs) segment will boost the economy, experts have said. They stated that that the development of the SMEs will depend on the ability to deploy the most effective combination of strategy, resources, planning and diligent execution of projects.

UBA assets rise to N3.3trn in half yr, proposes 20k interim dividend

UBA assets rise to N3.3trn in half yr, proposes 20k interim dividend

United Bank for Africa, UBA Plc has recorded a growth in total assets, hitting N3.3 trillion for the audited half year result ended June 30, 2016. The bank has also announced an interim dividend of 20 kobo per share for the half year period, 2016, with a gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion.

DMO: Leveraging Eurobond for economic diversification

DMO: Leveraging Eurobond for economic diversification

Since 2006 when Seychelles became the first African country to issue Eurobond, more African countries have turned to the international capital markets using Eurobond to raise cheap and long term finance for a variety of purposes. A Eurobond is an international debt instrument that is issued in a currency that is not the currency of the country issuing the instrument.

Uvwie APC denies reported division

Uvwie APC denies reported division

Members of All Progressives Congress, APC, in Uvwie Local Government Area, Delta State, have insisted that there is no division among their ranks.

National Troupe ends creative station with The Dented Anthill

National Troupe ends creative station with The Dented Anthill

The National Troupe of Nigeria will on Sunday, September 4, 2016 at the Cinema Hall II of the National Theatre round up the 2016 edition of its annual Children’s Creative Station Workshop (CCSW) with a command performance of the ‘Dented Anthill’. The Play was created by the participants of the Creative workshop and directed by foremost dramatist and choreographer, Peter Badejo (OBE).

Nigeria’s The Wedding Party Premieres at 2016 Toronto Festival

Nigeria’s The Wedding Party Premieres at 2016 Toronto Festival

The Toronto International Film Festival has announced Elfike Film Collective’s The Wedding Party as one of the films that will premiere on its prestigious opening night as a selection of the Spotlight City to City programme. The premiere scheduled for Thursday, 8 September, 2016 will hold at the historic Elgin Theatre.

Gov Ugwuanyi, Igwe Achebe,Oba Otudeko for LIMCAF gala night

Gov Ugwuanyi, Igwe Achebe,Oba Otudeko for LIMCAF gala night

Art and culture lovers in and around Nigeria will witness what can be described as the best of Arts as the 2016 edition and 10th anniversary of the youth empowerment programme, Life In My City Art Festival (LIMCAF) kicks off in the coal city of Enugu. The high profile one week event which will be graced by the Governor of Enugu state, Ifeanyi Ugwuanyi, Igwe Alfred Nnaemeka Achebe,Agbogidi of Onitsha, Oba Otudeko and others is scheduled to open on October 24, with exhibitions and lectures and end on October 29, with a grand finale and gala night.

Nigeria can produce 384,000 units of vehicles annually  – NADDC

Nigeria can produce 384,000 units of vehicles annually – NADDC

The National Automotive Design and Development Council (NADDC) said Nigeria now has the capacity to produce 384,000 units of vehicles annually. Director, Policy and Planning, NADDC, Mr. Luqman Mamudu, made this known at an interactive session with Commerce and Industry Correspondents Association of Nigeria ( CICAN) in Lagos, lamenting that out the 384,000 capacity, only 25,000 was produced in 2015.

Royal Exchange generates N8.43bn as gross premium in six months

Royal Exchange generates N8.43bn as gross premium in six months

Royal Exchange Plc has announced that it has generated a Gross Written Premium of N8.43 billion from its business activities in the first half of the 2016 financial year, representing an increase of 34 percent over the figure of 2015, which stood at N6.28 billion. Gross Premium Income also witnessed a growth of 17 percent over the 2015 figures, with the 2016 figure standing at N6.46 billion, compared to the N5.50 billion generated in the corresponding period in 2015.

Ladol is very much focused  on building capacity in Nigeria

Ladol is very much focused on building capacity in Nigeria

Dr. Amy Jadesimi, Managing Director , Lagos Deep Offshore Logistics Base , the 100-hectare free zone and logistics hub, talks to MEET THE BOSS on advantages in the low oil price environment, best practices in the Free Zone and how the private port facility could help in bringing in FDIs into the country.

FBN Insurance thrives on challenges – Ojumah

FBN Insurance thrives on challenges – Ojumah

Managing Director of FBN Insurance Limited, Mr. Val Ojumah has said that the company has continued to thrive on challenges which have brought it thus far in so short a period of six years of operation. Ojumah made the assertion while receiving the award for Insurance Company of the Year organised by Inspenonline Media in Lagos. Also, Ojumah won the Insurance Man of the Year award.