The Nigeria Labour Congress (NLC) has raised the alarm that the frequent serial killings in some states may scare foreign investors from the country if not urgently tackled. The NLC President, Ayuba Wabba, reacting to the killings around the country, notably in Benue, Nasarawa, Adamawa, Rivers and Taraba states, lamented that these mass murders have […]
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Acting President, Professor Yemi Osinbajo, has advised investors; to get serious about investing in Nigeria, or else have themselves to blame 10 years later when the country becomes sixth or seventh largest economy in the world. Osinbajo gave the advise yesterday when he addressed the meeting of delegates from the Nigerian Initiative for Economic Development […]
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The losses recorded by many stocks listed on the Nigerian Stock Exchange in the last three days of trading have wiped out a total of N780bn in investor wealth. The NSE All-Share Index fell by 2.45 per cent to close at 32,233.80 basis points on Friday, while the market capitalisation of listed equities dropped to […]
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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that state-owned refineries would get new investors in September, this year. Kachikwu made this known at a news conference on the sideline of the 2017 Offshore Technology Conference (OTC) in Houston, U.S. on Wednesday. He listed the refineries as Port Harcourt Refining Company […]
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Activities at the Nigerian Stock Exchange (NSE), on Wednesday witnessed massive investors’ dumping of banks shares, following the Central Bank of Nigeria suspension of nine lenders from foreign exchange transactions for failing to remit $2. 125billionNNPC’s funds into the Treasury Single Account (TSA) of the federal government. The CBN had on Tuesday suspended FCMB, First […]
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The recent International Monetary Fund ranking of Nigeria’s economy will dampen the confidence of foreign investors who attach importance to the size of an economy, an Economist, Mr Uche Uwaleke has said Uwaleke, an Associate Professor and Head, Banking and Finance Department, Nasarawa State University, stated this in Abuja on Tuesday. South Africa is now […]
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Transactions at the Nigerian Stock Exchange yesterday showed that investors interest in Access Bank Plc and United Bank for Africa Plc shares raised the All-Share Index of the Exchange by 48.23 points to 27,437.25 from the 27,389.02 of the previous day. Consequently, Access Bank emerged the top traded stock by volume with 65.98million shares worth […]
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Investors at the Nigerian Stock Exchange (NSE) on Friday crossed 190.68 million shares valued at N1.33 billion in 2,978 deals. This development was in contrast to a turnover of 243.61 million shares worth N2.56 billion traded in 3,647 deals on Thursday. An analysis of the activities revealed that Diamond Bank emerged the most-traded in volume […]
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NIGERIA plans to raise a $25 billion Infrastructural Fund from the global community is said to be attracting positive results Vice President Yemi Osinbajo has revealed The Federal Government intends to establish long term bankable projects when the fund is put in place. Receiving a delegation from the Lagos Chamber of Commerce on Tuesday at […]
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