Latest Nigeria Business News
The Securities and Exchange Commission has said issuing houses would bear the resulting liability of incomplete or deficient documentation under the checklist review system. SEC had on July 1 introduced the checklist review to improve market efficiency. It said the introduction of the checklist review process for the capital market would make the system more […]
The nation’s equities market extended its bearish streak on Monday, declining further by N59bn as the market capitalisation of equities dropped to N13.078tn from N13.137tn on Friday. The All Share Index declined by 0.45 per cent as sell-offs in Seplat Petroleum Development Company Plc, Nestlé Nigeria Plc and Stanbic IBTC Holdings Plc dragged it lower […]
Kwara State Community and Social Development Agency (KWCDA) is to access over N1billion from the World Bank to implement micro-projects in interested communities in the 16 local government areas of the state. This development followed an approval by Governor AbdulRahman AbdulRazaq of N60 million counterpart funds to key into the World Bank-funded Community and Social […]
A LECTURER at the Kogi State University (KSU), Ayingba, Dr. Usman Ogbo, was attacked in Ankpa at the weekend during a ‘thank you’ tour embarked on by People’s Democratic Party’s (PDP’s) governorship candidate Musa Wada. The opposition PDP last Friday inaugurated its campaign committees in Lokoja ahead of the November 16 governorship poll. The Deputy […]
THE Nigeria Governors Forum (NGF) Chairman Dr Kayode Fayemi on Sunday said governors were not divided on the new minimum wage implementation. According to him, they do not see the national minimum wage increase as a general wage review. Fayemi, who spoke with our correspondent on the phone, said: “We are not divided. We have […]
Gov. Oluwarotimi Akeredolu of Ondo State on Monday sacked Mr Augustine Pelemo, his Special Assistant on Political Matters. A statement by Mr Donald Ojogo, the state Commissioner for Information, on Monday in Akure said the sack was with immediate effect. He explained that the directive underscored the need to instill sanity and nip in the […]
AS Nigeria being shortchanged of accruable revenue from permit and alien cards issued to foreigners to stay in the country? The Economic and Financial Crimes Commission (EFCC) is probing Continental Transfert Technique Limited (CONTEC) over N72.07billion realized from the issuance of Combined Expatriate Residence Permit and Alien Card (CERPAC). The permit is always issued to […]
The insurance industry life annuity fund portfolio now stands at N322.91bn as of the end of June, 2019, the National Insurance Commission has said. It stated that this represented a growth of 17.46 per cent over the N274.91bn recorded December 31, 2018. Within the same period under focus, the cumulative total RLA payouts stood at […]
The Nigerian Airspace Management Agency says it plans to install VSAT stations in 26 airports across the country to boost communication in the airspace. The Managing Director of NAMA, Capt. Fola Akinkuotu, said the plan was in line with the agency’s resolve to eliminate blind spots in the nation’s airspace. He said the agency last […]
Equity investors embarked on profit-taking last week of stocks that gained the previous week, which pushed the market lower by 2.48 per cent. The market opened for four trading days last week as the Federal Government declared Tuesday October 1, 2019 a public holiday to mark the nation’s 59th independence anniversary. Meanwhile, a total turnover […]