Equity investors lose N4.9trn, as market uptrend reverses
By Peter Egwuatu The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on the Nigerian Exchange Limited, NGX. The development was driven by a sustained profit-taking move across major sectors. Consequently, the NGX market capitalisation, which represents the total value of stocks listed on the […]
GDP stands at 6.5 per cent in 2 quarter of 2014 – NBS
The National Bureau of Statistics (NBS) said on Sunday that the growth rate of real Gross Domestic Product (GDP) stood at 6.54 per cent in second quarter of 2014.
SMEs: Stakeholders seek policy barring multinationals from indigenous business
Over 100 stakeholders in Small and Medium Enterprises (SMEs) sector of the economy, weekend, called on Federal Government to initiate policy that will restrict multinational Companies from infiltrating into indigenous businesses especially those operated by small businesses
Bank customers fault new ATM regime
The re-introduction of service charge for withdrawals from other banks Automated Teller Machines (ATMs), now pegged at N65 as against the previous N100, and which took effect on September 1, is unsettling for many Nigerian
NLI inaugurates DDS to boost Nigeria’s bilateral relationship
Considering the benefits derived from bilateral relationships with nations, the Nigeria Leadership Initiative (NLI) will be inaugurating its Diplomatic Dialogue Series (DDS) in the country to boost Nigeria’s bilateral relationships with other countries. This maiden edition of DiplomaticDialogue Series (DDS) that takes place in September 10 in Lagos, will henceforth be a monthly breakfast event […]
Nigeria Power Generation Hits 2-Year High
Nigeria’s electricity generation is getting a steady climb reaching a two-year high of 4,044 megawatts (MW), though it is still below the peak generation level achieved two years ago.
