domestic currency

Domestic Currency Appreciates to N411.67/$1 as Cryptos Value Jumps

August 21, 2021
By Adedapo Adesanya The domestic currency finished the week stronger, albeit marginally, by 8 kobo or 0.02 per cent against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday, August 20. At the specialised window, the local currency closed against the greenback at N411.67/$1 compared to N411.75/$1 it was sold at
Cadbury Nigeria

Nigerian Exchange Sheds 0.47% as Investors Offload Cadbury, Others

August 21, 2021
By Dipo Olowookere The decision of investors to offload Cadbury Nigeria and 14 other stocks at the Nigerian Exchange (NGX) Limited on Friday had a negative impact on the market. Yesterday, the exchange depreciated by 0.47 per cent despite recording an improvement in the level of activity as market participants preferred to book profit rather than do bargain hunting. As
FIRS revenue

FIRS Increases 2022 Revenue Target by 71% to N10.1trn

August 22, 2021
By Adedapo Adesanya The Federal Inland Revenue Service (FIRS) has increased its yearly target by 71 per cent as it expects to generate much as N10.1 trillion as revenue for the 2022 financial year compared to N5.9 trillion set for the 2021 fiscal year. This was disclosed by the chairman of the country’s tax body, Mr Muhammad Nami, during a
Female Wheat Farmers

Crown Flour Gives Irrigation Equipment to Female Wheat Farmers

August 22, 2021
By Modupe Gbadeyanka A leading flour milling business, Crown Flour Mills Limited, has given farming irrigation equipment to some female wheat farmers in Kano State. This is part of the company’s ongoing strategic investment drive to support Nigeria’s food production self-sufficiency and food security aspirations and its short to medium term value chain developmental efforts aimed at raising the current
Pension Funds

Nigeria’s Pension Fund Assets to GDP Ratio at 8.08%—PenCom

August 23, 2021
By Adedapo Adesanya The National Pension Commission (PenCom) has said that Nigeria’s Pension Fund Assets-to-Gross Domestic Product (GDP) ratio is very low when compared with its counterparts globally. According to Pencom’s Technical Commissioner, Mr Anyim Nyerere, it currently stands at 8.08 per cent as of the fourth quarter of 2020. He made the disclosure while speaking at the Chartered Institute

Politics

Lagos-Calabar Coastal Highway

SERAP to Sue Umahi Over Lagos-Calabar Coastal Highway Project

May 2, 2024
By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has threatened to sue the Minister of Works, Mr Dave Umahi, regarding the Lagos-Calabar Coastal Highway project, which has spurred much outrage. According to a post on X, formerly known as Twitter, SERAP charged Mr Umahi to disclose if the federal government carried out an environmental and social impact assessment on

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t-bills market

T-Bills Market Bullish as Yields Drop to 13.73%

By Dipo Olowookere Activities resumed yesterday at the secondary market for treasury bills with investors cherry-picking on attractive rates on the short end of the curve (Nov – Jan). Also, market players maintained a risk off stance to maturities on the longer
October 23, 2018

No Plan to Impeach Ambode Now–Lagos Assembly

By Modupe Gbadeyanka Lagos State House of Assembly has allayed fears that the is an underground plot to remove Governor Akinwunmi Ambode from office. Speaker of the legislative arm of the Lagos State government, Mr Mudashiru Obasa, said during plenary on Monday
October 22, 2018

Access Bank Grows Profit by 11.55% as EPS Hits N2.18k

By Modupe Gbadeyanka The board of Access Bank Plc has announced the financial statements of the lender for the period ended September 30, 2018. The firm released the third quarter earnings to the Nigerian Stock Exchange (NSE) on Monday and a brief
October 22, 2018

Asian Equities Close Mixed

By Investors Hub Asian stocks turned in a mixed performance on Monday, with Chinese and Hong Kong shares rallying on hopes for more stimulus, while caution prevailed elsewhere across Asia on geopolitical concerns over Saudi Arabia, Italy and Brexit. Chinese stocks surged
October 22, 2018

European Stocks Advance Amid Cut in Italy’s Credit Rank

By Investors Hub European stocks have advanced on Monday, with Italian markets leading the surge after Moody’s Investors Service cut Italy’s credit rank by one step to Baa3 but set the outlook for the assessment at “stable,” removing the immediate threat of
October 22, 2018

US Shares Open Higher on Rally by Chinese Stocks

By Investors Hub The major U.S. index futures are pointing to a higher open on Monday, with stocks likely to move to the upside following the mixed performance seen last week. The upward momentum on Wall Street comes on the heels of
October 22, 2018

Uduaghan: 64 Garlands for Indefatigable Achiever

By Julius Akpovire-Enyeh When great men celebrate, even the stars bow in solemn hallow. As the immediate past governor of Delta State and the All Progressives Congress candidate for Delta South Senatorial District, Dr. Emmanuel Eweta Uduaghan celebrates his 64th birthday today
October 22, 2018

Ikeja Electric Plans 24-Hour Supply to GRA Residents

**Opens Ultra-Modern Undertaking Office By Modupe Gbadeyanka Plans are underway to provide 24-hour electricity to residents of GRA Ikeja, Lagos, Chief Executive Officer of Ikeja Electric, Dr Anthony Youdeowei, has revealed. Mr Youdeowei made this disclosure at the launch of an ultra-modern
October 22, 2018

Suspended NHIS Boss Forces Way Into Office with Police Escort

Modupe Gbadeyanka Executive Secretary of the National Health Insurance Scheme (NHIS), Prof Usman Yusuf, on Monday forced his way to his office in Abuja with some policemen accompanying him. Mr Yusuf was suspended indefinitely last Thursday by the governing council of the
October 22, 2018