Sustainable Financial Reporting Standards

Tinubu Affirms Commitment to Sustainable Financial Reporting Standards

March 22, 2024
By Adedapo Adesanya President Bola Tinubu has assured stakeholders that Nigeria is committed to implementing world-leading sustainability reporting standards to unlock capital investments, transform business models, and safeguard the environment. The President gave the assurance in Abuja during a meeting with the International Sustainability Standards Board (ISSB) Chair, Mr Emmanuel Faber, which coincided with the launch of Nigeria’s Adoption Readiness Roadmap
year-to-date return

NGX Year-to-Date Return Soars to 39.95% After Friday’s 0.25% Gain

March 22, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited further appreciated by 0.25 per cent on Friday, stretching the year-to-date return to 39.95 per cent in just under three months, though the week-to-date gain went down by 0.42 per cent. The All-Share Index (ASI) increased by 259.90 points to settle at 104,647.37 points today compared with yesterday’s 104,387.47 points, as the
Oil Prices fall

Oil Prices Under Pressure as Market Weighs Ceasefire Talks

March 23, 2024
By Adedapo Adesanya  Oil prices were suppressed on Friday as the possibility of a ceasefire in Gaza weakened crude benchmarks, with Brent futures down by 35 cents to $85.43 per barrel and the US crude futures down by 44 cents to $80.63 a barrel. For the week, both benchmarks logged less than a 1 per cent change on the week.
naira value

Naira Firms to N1,431/$1 at NAFEM, N1,465/$1 at Black Market

March 23, 2024
By Adedapo Adesanya The Naira continued to edge the US Dollar and completed a whole week of gains in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, March 22, with a further 1.5 per cent or N21.79 appreciation to close at N1,431.49/$1  compared with the previous day’s N1,453.28/$1. This happened despite a shortfall in the forex turnover in the
Tinubu Certificate Forgery Scandal

Nigeria’s Public Debt Rises 10.7% to N97.34trn

March 23, 2024
By Modupe Gbadeyanka The public debt of Nigeria increased by 10.73 per cent or N9.43 trillion to N97.34 trillion in the fourth quarter of 2023 from N87.91 trillion in the third quarter of the same year. This information was revealed by the Debt Management Office (DMO) in a statement issued on Friday, outlining the reason for the rise in the

Politics

Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index

Travel

Latest

Bakare, Dogara Meet Buhari In Aso Rock

On Friday, Speaker of the House of Representatives, Yakubu Dogara and former running mate to President Muhammadu Buhari in the defunct Congress for Progressive Change (CPC), Pastor Tunde Bakare, met separately with the president at the Presidential Villa, Abuja. At the end
August 19, 2016

Osun Declares Public Holiday For Traditional Worshippers

Monday, August 22, 2016, has been declared as public holiday by the Osun State government in commemoration of the annual Isese Day (Traditional Worshipers’ Day). A statement issued on Friday by the Director, Bureau of Communication and Strategy, Governor’s Office, Osogbo, Mr
August 19, 2016

Customs Impound 31 Containers Worth N74m From China

The Nigerian Customs Service (NCS) has impounded 31 containers laden with rice, estimated to be worth around N74m from China. Speaking to newsmen on Friday in Lagos, the Comptroller General of the NCS, Col. Hamid Alli (Rtd) stated that the service intercepted
August 19, 2016

Agents, PTML Disagree Over N10,000 Access Card Scheme

Freight forwarding agents operating at the Ports & Terminal Multi-Services Limited (PTML) operated by multinational logistic group, Grimaldi Shipping Line, has accused the terminal operator of extorting N10,000 from agents wishing to gain access into the facility for business purposes. This is
August 19, 2016

Customs Comptrollers Jostle For Apapa Command CAC

The race towards who takes over from the incumbent Customs Area Controller (CAC) of the Apapa Command of the Nigeria Customs Service (NCS), Comptroller Willy Egbudin, seems to have intensified. For those who may not know, Comptroller Egbudin retires from service next
August 19, 2016

Ajimobi Unveils Agric Plans For Oyo

Oyo State Governor, Abiola Ajimobi, has disclosed his plans to make the state thrive in the area of agriculture. According to the Governor, by the time his policies on agriculture are implemented, Oyo State will serve as the food basket of southern
August 19, 2016

Ecobank Wins Big At Asian Banker’s Awards

Nigeria’s Ecobank has been named as winner of the Customer Relationship Management of the Year, Retail Risk Management Initiative of the Year and Best Business Model Execution in West Africa for 2016 at The Asian Banker’s 1st Annual West Africa Awards Ceremony
August 19, 2016

Sterling Bank, FG Partner On Desertification

Sterling Bank has concluded plans to collaborate with the Federal Government to carry out tree planting exercises in three northern states in the country. This, Business Post learnt, is part of the Bank’s Corporate Social Responsibility (CSR), which focuses on the environment
August 19, 2016

Lagos Flags Off People’s Perception Survey

The Lagos State Government has re-affirmed its commitment to run an inclusive government as well as enhance quality lives of all residents in the state. Commissioner for Information and Strategy, Mr Steve Ayorinde, disclosed this in his keynote address at a one-day
August 19, 2016