There is a strong indication that the federal government may summon a meeting of capital market stakeholders over the consistent decline in the stock market. A combination of factors, such as political risk, currency volatility, and uncertainty in global crude oil prices have affected the stock market performance. The market dipped by 17.4 per cent in 2015 and 21 per cent so far this year.
Updated 4 Years ago

In line with the federal government’s drive to shore up non-oil revenue, the Central Bank of Nigeria (CBN) has directed commercial banks as well as other financial institutions under its regulation, to with immediate effect commence charging N50 per eligible transaction in accordance with the provisions of the Stamp Duties Act and the Federal Government Financial Regulations 2009.
Updated 4 Years ago

The rand rallied to lead emerging market gains as weaker-than-expected Chinese growth data spurred speculation authorities would increase stimulus, boosting demand in the biggest buyer of South African commodity exports.
Updated 4 Years ago

As parts of efforts to foster regional integration and reposition Odu’a Investment Company Limited for greater productivity, the Governors of Oyo, Ondo, Ogun, Osun and Ekiti States on Tuesday approved the inclusion of Lagos State as co-owner of the company.
Updated 4 Years ago

THE Central Bank of Nigeria (CBN) has blamed the country’s low revenue from non-oil export on stumpy loans to that sector. Governor of the apex bank, Mr Godwin Emefiele made this known at the opening ceremony of a one-day conference organised by the Apex Bank in conjunction with the Nigeria Export Import Bank (NEXIM) on Non-Oil Export Simulation in Abuja
Updated 4 Years ago

LMC are the organizers of the Nigeria Professional Football League (NPFL) from which the 23 players were selected to represent Nigeria at the ongoing African Nations Championship (CHAN) in Rwanda.
Updated 4 Years ago

Indeed, the future of human habitation, whether through choice or catastrophe, is often imagined (in popular culture at least) as being beyond Earth's orbit. Sub-aquatic living still seems, perversely it could be argued, very alien
Updated 4 Years ago

Invoking the Rev. Martin Luther King's legacy on his birthday, two prominent African-Americans announced Monday that they will boycott this year's Academy Awards over a lack of diversity among nominees.
Updated 4 Years ago

Governor Ifeanyi Ugwuanyi of Enugu State has warned contractors handling various road projects in the state to re-double efforts to ensure they deliver quality jobs within the stipulated contract period as his administration is in a hurry to complete all ongoing projects for the overall benefit of the people.
Updated 4 Years ago

For all the buzz in recent months surrounding Kasper Rorsted’s next move, his switch of top jobs from Dial soap-maker Henkel AG & Co. to sneaker-outfitter Adidas AG still caught investors off guard.
Updated 4 Years ago