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 […]
There are huge potentials for fruit processing in this state – CEO Transcorp
Obinna Ufudo is the President/CEO of Transnational Corporation of Nigeria Plc. In this interview, he explains why Transcorp’s agric subsidiary Teragro Limited, leased Benfruit Concentrate Processing Plant from the state government for 10 years. Excerpts:
FIRS realises N21.7trn in 11 years – Omoigui-Okauru
The Federal Inland Revenue Service, FIRS, realised N21.7 trillion from taxes in the last 11 years, it was learnt, yesterday. FIRS made a total of N13.036 trillion from oil sources and another N7.53 trillion from non-oil taxes within the period under revie
CBN threatens to withdraw public sector deposits from banks
The Central Bank of Nigeria (CBN), yesterday, threatened to withdraw public sector deposits from banks as part of its effort to control money supply in the economy.
Kola Ahmed assumes duty as CIIN’s Deputy Director-General
Mr. Kolawole Raheem Ahmed has assumed duty as the first Deputy Director-General of the Chartered Insurance Institute of Nigeria, CIIN.
PENGASSAN advocates NLNG model for refineries management
THE Petroleum and Natural Gas Senior Staff of Nigeria, PENGASSAN, advised the Federal Government against outright sale of the nation’s four refineries as being canvassed in some quarters, but to adopt the Nigerian Liquefied Natural Gas, NLNG, model in the management of the refineries.
