Business

nigerian_stock_exchange

NSE suspends trading in shares of six Nigerian companies

The NSE also names the six companies and their offence.

NDIC building

Non-performing Loans: Finance Minister wants bank chiefs, directors investigated, prosecuted

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

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

NSE market indices dip further by 0.12% amid price losses

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

FIRS Headquarters

Illicit financial flows include tax evasion, avoidance – FIRS

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

Ibe Kachikwu Minister of State for Petroleum Photo: thisdaylive.com

All refineries to be fully functional before 2019 ending – Kachukwu

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

Babatunde Fowler, FIRS Chairman

FIRS recovers N3.63 billion from Illicit Financial Flows

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

nigerian_stock_exchange

NSE: Investors move 151.346 million shares worth N1.51billion

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

The World Bank

World Bank forecasts 2.7% growth for sub-Saharan Africa in 2018

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

Nigeria Labour Congress (NLC)

ANALYSIS: Intrigues involved in new minimum wage for Nigerian workers

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

Nigeria Stock Exchange

NSE transactions reopen on bearish trend

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

Oil barge used to illustrate the story. [Photo credit: Myanmar Business Today]

Oil races toward $85 as Iran sanctions loom

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

Benedict Peters

Aiteo Founder, Benedict Peters, Wins Forbes Oil & Gas Leader of the Year Award, 2018

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

Tanker used to illustrate the story.

Oil marketers demand payment of N650 billion debt from FG

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

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

NSE: Trading close on bearish trend, market indicators drop 0.61%

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

Babatunde Fashola Photo credit: The Herald News Nigeria

19 firms line up to acquire Afam power, Yola DISCo

Seven bids received for Afam; 12 for Yola.

Accountant General of the Federation, Ahmed Idris (middle) presenting details of revenue allocation to the three tiers of government at the December 2017 meeting of the Federation Accounts Allocation Committee, FAAC, in Abuja on Saturday. With him are Mahmood Yinusa (right) and a Finance Ministry official.

FG, states, local govts share N742 billion in August

The figure indicated a N27.04 billion increase when compared to the N714.84 that was shared in July.

Naira notes used to illustrate the story.

Naira depreciates marginally against dollar at investors’ window

The Nigerian currency traded at N364, weaker than N363.72 posted on Tuesday.

nigerian_stock_exchange

NSE: Investors move 172.19m shares worth N2.05 billion

The All-Share Index, which opened at 33,114.44, lost 151.17 basis points to close at 32,963.27.

Lagos sea port usef to illustrate the story. [Photo credit: The Guardian Nigeria]

Port concessionaires invest over N200 billion in 10 years – says Shippers’ Council

The council says investments have exceeded the N50 billion mark planned in the concession agreement.

African Development Bank

AfDB to invest $24 billion in African agriculture

Statistics shows that the number of hungry people in the world increased from 777 million in 2015 to 815 million in 2016.

U.S. has most to lose from trade war, China would benefit – ECB

The ECB estimated U.S. growth would be cut by more than 2 percentage points.

Central bank of Nigeria (CBN)

Nigeria risks slipping into another recession, MPC warns, suggests solutions

MPC said external reserves dropped from $45 billion at the end of July 2018 to about $44 billion on September 20, 2018.

MPC retains lending rate at 14% for 13th consecutive time

The committee is also concerned about the rising level of non-performing loans in the banking system.

NSE market indicators record 2.04% growth

The All-Share Index rose by 704.27 points to close at 33,114.44 from the 32,440.17 posted on Monday.

LADOL Processing Zone

Untold story of the titanic battle between LADOL, SAMSUNG over local content

LADOL alleges fraud, and violation of Nigerian local content laws