Latest Nigeria Business News
The Securities and Exchange Commission says a total of 2.7 million investors have been captured under the Electronic Dividend Mandate Management System. The acting Director-General, SEC, Ms Mary Uduk, while speaking at the press briefing after the second quarter Capital Market Committee Meeting in Lagos, said the commission also recorded a total of 3.4 billion […]
Foreign Portfolio Investors have pulled out N243.35bn from the Nigerian capital markets in seven months primarily due to the bearish performance of the market in recent times. According to the data from the Nigerian Stock Exchange, the latest outflow has taken the total net withdrawal by foreign portfolio investors from the capital markets to N243.35bn […]
THE Minister of the Federal Capital Territory (FCT), Mallam Muhammad Musa Bello, on Monday said his second tenure will not be business as usual for the ministry’s workers. Bello said he would not hesitate to kick out any unproductive worker. The minister, who officially received a handover note from the FCT Permanent Secretary, Mr. Christian […]
VICE President Yemi Oshibanjo has decried the imposition of arbitrary high charges by shipping lines in West and Central African countries. He also urged the Union of African Shippers Council to adopt common political and diplomatic strategies to check the operations of shipping lines servicing the ports in the sub-region. Prof Osinbanjo who spoke yesterday […]
A FEDERAL High Court in Abuja has dismissed two suits filed by some members of the Kogi State All Progressives Congress (APC). The suits were in relation to the disputes over the party’s leadership and its choice of mode of primary for selecting a candidate for the forthcoming governorship election. In two judgments on Monday, […]
The Oyo State Police Command says it has arrested a self- acclaimed pastor who lures his female victims to his hideout and rapes them after dispossessing them of their belongings. The suspect was one of the 29 paraded by the command on Monday in Ibadan. The Commissioner of Police in the state, Shina Olukolu, said […]
THE Economic and Financial Crimes Commission ( EFCC) has arrested the Executive Director of Kwara State Harmony Holdings, Adebayo Sanni, for alleged fraudulent sale of some landed properties belonging to the state government. Sanni was also accused of converting some landed property belonging to the state for his personal use. The said the properties are […]
Oil prices rose on Tuesday after U.S. President Donald Trump gave the indication that he expected to sign a trade deal with China, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling. Brent crude was up by 27 cents, or 0.5 per cent at $58.97 a barrel after falling 1 per […]
The Securities and Exchange Commission, SEC is to engage relevant stakeholders on the implementation of some initiatives of its 10 year Capital Market Master Plan. This was stated by Acting Director General of the SEC, Ms. Mary Uduk at the end of the Second Quarter Capital Market Committee Meeting held in Lagos. Uduk said specific […]
The African Development Bank plans to meet with global leaders to deliberate on development initiatives for Africa. The President, AfDB, Akinwumi Adesina, would lead a delegation of the bank to join global leaders at the 7th Tokyo International Conference on African Development this week. TICAD7, hosted by Japan and co-organised by the United Nations Office […]