NIGERIA’s external reserves rose  to $40.33 billion last week, the highest in four years.

OPERATORS in the insurance industry have appealed to the National Insurance Commission, NAICOM, to defer implementation of the reviewed rates on compulsory insurances by one year to enable the insuring public to be adequate sensitized.

By Peter Egwuatu & Nkiru Nnnorom AS the impressive performance of the Nigerian Stock Exchange, NSE, came to a halt last week, with investors losing N463 billion, market analysts have warned that speculation in penny stocks with weak fundamentals, could lead to meltdown of the market. In a week dominated by profit taking,  investors lost […]

The Pension Transitional Arrangement Directorate, PTAD, recently commenced the first phase of verification exercise of defunct Nigerian Telecommunications Limited (NITEL) and its mobile subsidiary, MTEL. At the Ketu, Lagos centre, Leader of NITEL/MTEL Pensioners Union, Comrade Austin Onokpise told Vanguard that the decision by the federal government to start paying them pensions have brought relieve to them.

FOLLOWING  profit taking in the stock market last week that resulted in loss of N463 billion in the market capitalisation, investment bankers have advised investors to build their portfolio on pro-cyclical sectors and stocks.