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Forte Oil, Guinness, Total lead NSE N35bn losses

Forte Oil, Guinness, Total lead NSE N35bn losses

Losses sustained by Forte Oil Plc, Guiness Nigeria Plc and Total Nigeria Plc among others last week resulted in N35 billion losses to investors on the Nigerian Stock Exchange, NSE, amidst negative session in four consecutive trading days.

Industrial goods stocks worst hit by recession

Industrial goods stocks worst hit by recession

Companies listed under the industrial goods sector of the Nigerian Stock Exchange, NSE, took the worst hit from the protracted economic recession that threatened most businesses in the country in 2016.

DONALD TRUMP: For better or  worse, lesson for Nigeria

DONALD TRUMP: For better or worse, lesson for Nigeria

Donald Trump, who was inaugurated as the 45th President of the United States of America last Friday, is undoubtedly a very outspoken man who does not bother about how anyone receives his comment. Indeed, why this trait in Trump offends the establishment, it appeals to the vast majority of the “forgotten Americans” who voted him into power.

Delta to partner NDDC on infrastructural devt

Delta to partner NDDC on infrastructural devt

DELTA State Governor, Dr. lfeanyi Okowa, weekend, expressed the state government’s resolve to partner the Niger Delta Development Commission, NDDC, in infrastructural development in the state.

Customer battles bank over forceful pension transfer to PFA

Customer battles bank over forceful pension transfer to PFA

By Babajide Komolafe The following are complaints against unsatisfactory banking services and responses by bank.  The most interesting one for this edition is by a customer who accused his bank of   forceful transfer of pension deduction to a Pension Fund Administrator which he does not wish to patronize. STANBIC IBTC BANK Olayode Oluseun Stanbic, your […]

3 arrested over killing of security man in Calabar

3 arrested over killing of security man in Calabar

POLICE have confirmed the arrest of three persons in Calabar over the stabbing to death of one David Agama, a chief security officer with Cross River State Cultural Centre Board, yesterday, by unknown persons.

FAAN dismisses staff over N70m furniture allowances

FAAN dismisses staff over N70m furniture allowances

A Level 6 officer of the Federal Airports Authority of Nigeria, FAAN (names withheld), has been dismissed by the agency for allegedly diverting N70 million Naira furniture allowances over a period of three years.

Over-supply triggers sell pressure in bonds market

Over-supply triggers sell pressure in bonds market

Prices of federal government bonds (FGN Bonds) fell for the second consecutive week in the secondary market due to sell pressure triggered by over supply. Money market sources told Vanguard that the sell pressure in the secondary market was due to banks and investors trying to diversify away from FGN Bonds to treasury bills to take advantage of the higher interest rate (yields) on secondary market for treasury bills.

China tempts Rooney with £1m a-week offer

China tempts Rooney with £1m a-week offer

SUPER-rich Chinese soccer bosses want to make record-breaking Wayne Rooney the best paid footballer in the world by courting him with the offer of a staggering £1 MILLION A WEEK deal.