Business

Albert-Okumagba

Capital Market Fraud: Okumagba, other BGL officials know fate Wednesday

The suspects were arraigned following a petition against them by some investors.

Murtala Muhammed International Airport, Lagos

NCAA generates N15.27bn ticket sale charges in eight months

Passenger traffic in the past eight months had hit 2.4 million.

NBS

Nigeria’s pension fund asset rises to N8.2 trn – NBS

The FGN bonds have the highest weight percentage of 49.08 per cent of the total PFA.

UBA Appoints Four New Board Members

The appointments bring the number of women on the bank’s board to four.

Chairman of the Federation Account Allocation Committee (FAAC) and Minister of Finance, Mrs. Kemi Adeosun; Director of Home Finance in the Federal Ministry of Finance, Mrs. Olubunmi Siyanbola and the Director of Revenue, Budget Office of the Federation, Mr. Sulaiman Nasidi Tahir, during the FAAC meeting held at the Auditorium of the Federal Ministry of Finance on Thursday, 30th August, 2018.

FAAC shares N715bn for July, prepares new revenue template for NNPC, others

Federal government, states, others share N714.8 billion for July.

Guinness Nigeria’s profit before tax grew by ₦7.3 billion in 2018

The profits is an almost 300 per cent increase year on year from the ₦2.6 billion recorded in 2017.

MTN

MTN shares plunge after CBN sanction over $8.13 billion repatriation

As at noon Thursday, the company shares had plunged by as much as 23 per cent.

MTN Nigeria office

Alleged illegal $8.13billion capital repatriation: MTN rejects CBN sanctions

The sanctions also affected four leading commercial banks.

Nigerian business captains huddle at Oracle University on Big Data

At the Oracle university training, executives would have the opportunity to learn how big data “creates value for their business.”

MTN Nigeria office

CBN sanctions MTN, four banks; demands refund of illegally repatriated N3.09 trillion

Four indicted commercial banks to refund N5.87 billion.

UBA

UBA releases half-year results, earnings, profit rise

UBA filed the report to the Nigerian Stock Exchange on Wednesday.

British Prime Minister, Theresa May

Theresa May meets Dangote, Otedola, Elumelu, others in Lagos

Theresa May earlier on Wednesday met with President Muhammadu Buhari.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

345 million shares worth N2.27bn traded on NSE Wednesday

This is against the 339.681 million shares worth N5.50 billion traded in 3,394 deals on Tuesday.

Healthy rice paddy, Jega

Why Nigerian rice is expensive, scarce – Govt

Meanwhile, the millers blame the high price of local rice on production cost.

President-Muhammadu-Buhari speaking

Experts condemn Buhari’s refusal to sign PIB

The president claimed the bill reduced his powers.

akinwunmi ambode

Lagos has Nigeria’s highest foreign debt portfolio — DMO

Following Lagos in a distant second is Edo, which incurred $279 million.

Nigeria Stock Exchange (NSE)

NSE lifts suspension on shares of Standard Alliance Insurance

NSE said the suspension was lifted after the company submitted its accounts.

NIRSAL MD/CEO, Mr. Aliyu Abdulhameed.

NIRSAL injects over N77bn into agribusiness in two years –MD

No fewer than 700,000 farmers have also been trained on agronomic practices.

Senator Udoma Udo Udoma

Why Nigeria’s latest GDP dipped – Experts

The experts attribute decline in the economy to a ”mixed bag of developments in the oil and non-oil sectors”.

nigerian_stock_exchange

NSE: Stocks gain 0.58%

Total Oil led the gainers’ table.

Nigeria Stock Exchange (NSE)

NSE: Transactions bearish as index falls by 0.32%

Total Oil led the gainers’ table, gaining N3.4 to close at N181 per share.

Senator Udoma Udo Udoma

Non-oil sector growth evidence of Nigeria’s economic recovery — Udoma

NBS Report is an indication of increasing confidence in the Nigerian economy by investors, the official says.

Minister of Finance, Kemi Adeosun (Photo Credit: Chronicle.ng)

Nigeria’s GDP slowed in 2018 second quarter

However, growth was 0.79 percent points higher when compared to the second quarter of 2017.

Oil rig

Finally, Egina FPSO sails to offshore field

The FPSO departed LADOL Free Zone in Lagos to the offshore field.

NBS

165.7m litres of LPG imported into Nigeria in Q2 – NBS

The NBS released “Petroleum Products Importation and Consumption (Truck Out): LPG (Q2 2018)” report.