Business

The long delay in the passage of the PIB is setting Nigeria on the highway to replicating Venezuela’s oily crisis that is well documented says Business Editor, Bassey Udo in this analysis.

Airlines need stiffer regulations to succeed, he said.

The All-Share Index dipped by 27.26 points to close at 32,417.70 compared with 32,444.96 achieved on Monday.

No fewer than 56,000 farmers in 36 local government areas of Katsina State secured the ABP loans.

“The bank was closed because the shareholders of the bank have been unable to recapitalise it.”

The company’s president, Aliko Dangote made this known in London on Monday.

“AMCON currently has over 3,000 cases pending at the Federal High Court.”

Universal Insurance emerged the worst performing stock for the month.

The NSE also names the six companies and their offence.

“The spate of non-performing loans in the banking industry has become very worrisome.”

The All-Share Index, which opened at 32,423.57 lost 40.42 points to close lower at 32,383.15 amid price losses.

African governments’ losses from IFFs now stand at $80 billion per annum.

“It would be sad if by the end of 2019 we are still importing fuel from abroad.”

The Service says it uncovered 114 companies that claimed they were not aware of lands allocated to them in Abuja.

The All-Share Index, which opened at 32,454.03, lost 30.46 basis points to close at 32,423.57.

The World Bank’s 2018 projection represents a slight increase from 2.3 per cent in 2017.

Economic experts weigh in on the unending battle over the years to arrive at a living wage for Nigerian workers.

The All-Share depreciated by 54.72 points to close at 32,711.65 against the 32,766.37 achieved on Friday.

With oil prices soaring, there are concerns over their inflationary effect on demand growth.

Aiteo says it is currently the highest producing indigenous oil E&P company in Nigeria.

The marketers say the inability of federal government to pay the debt has resulted in massive job losses in the oil and gas industry.

Nestle led the price losers’ table with a loss of N62.50 to close at N1, 432. 50 per share.