The equities market, yesterday, rose by 0.24 per cent following the release of a positive Gross Domestic Product,GDP, figure by the National Bureau of Statistics, NBS, indicative of further expansion in the economy.
BY MARK ITSIBOR, Abuja The Central Bank of Nigeria (CBN) and Nigeria Communications Commission (NCC) have jointly expressed displeasure over the ‘non-transparent’ process taken by the financial advisers handling the sale of 9mobile, Barclays Africa. In a letter to the facility agent, GTBank, and was obtained by Thecable, leadership of both agencies say Barclays Africa […]
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By OLUSHOLA BELLO, Lagos Dangote Cement Plc said it will officially open its 1.5 million metric tonnes per annum capacity Cement Plant in Congo. The Congo plant will be opened on November 23, 2019. Constructed at a conservative cost of $500 million, the Plant is expected to directly employ more than 1000 people as thousands […]
By YUSUF BABALOLA, Lagos The federal government yesterday threatened to sanction civil servants who contravene provisions of the public procurement act, saying government would no longer allow the public procurement become a source of frequent embarrassment to the nation. Speaking at the opening ceremony of the 2017 second batch procurement officers’ conversion training organised by […]
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By CHIKA IZUORA, Lagos Shell Companies in Nigeria in 2016 spent $29.8 million on social investment projects and awarded 94 per cent of their contracts valued at over $0.74 billion to Nigeria companies, while $1.4 billion was paid to the Nigerian government in royalties and corporate taxes, and another $106.8 million contributions made to the […]
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Perception management outfit, Brooks and Blake Nigeria, has won the Marketing World Awards as the best public relations agency in Nigeria for the fourth year running at the 7th Marketing World Awards, MWA, held at the Kempinski Ambassador Hotel Accra, Ghana. The Awards organised by Instinct Wave media recognises outstanding personalities and organisations in the marketing communication industry in Nigeria and West Africa.
By Mbakaan Kwen, Abuja The nation’s Gross Domestic Product (GDP) grew in Q3 2017 by 1.40 per cent (year-on-year) in real terms which is the second consecutive positive growth since the emergence of the economy from recession in Q2 2017. This growth is higher than the rate recorded in the corresponding quarter of 2016 which […]
The Nigerian Stock Exchange (NSE) market indices resumed for the week on Monday with a growth of 0.24 per cent due to Nestle price appreciation. The News Agency of Nigeria (NAN) reports that the market capitalisation improved by 0.24 per cent or N31 billion to close at N12.805 trillion compared to N12.774 trillion achieved on […]
Despite the bullish investor sentiment at the backdrop of upwards review of Target Price (TP) by investment analysts, it seems that a rebalancing in the pricing of the stock of First Bank of Nigeria (FBN) Holdings has begun.
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Nigeria’s economic management system should be overhauled — Moghalu, Ex-CBN chief
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