The Nigerian stock market extended its downward trend with a loss of N341.26 billion at the close of trading on Friday. This followed the crash of the market capitalization by -1.20% from N28.25 trillion posted on Thursday to N27.91 trillion today.Similarly, the All-Share Index was down by 633.01 basis points to close at 51,778.08 compared to 52,411.09…
The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window. The CBN Governor, Mr. Godwin Emefiele, made the announcement at the Bankers’ Committee’s 30th meeting on Thursday. The apex bank had in February announced policies, plans and programmes for non-oil exports that would enable…
New York (CNN Business)The Federal Reserve’s fight against inflation will spark a recession in the United States that begins late next year, Deutsche Bank warned on Tuesday. The recession call — the first from a major bank — reflects growing concern that the Fed will hit the brakes on the economy so hard that it will inadvertently…
The administration of Governor Ifeanyi Ugwuanyi of Enugu State through the Enugu Small and Medium-sized Enterprises (SMEs) Centre has initiated a 7-month programme on Cyber Security Learning for young people of the state. A statement by the Special Adviser to the Governor on SMEs Development and Director General, Enugu SMEs Centre, Hon. Arinze Chilo-Offiah, said…
The CBN has invited Mr Babalola to a meeting to discuss the reasons he gave for his decision. Remi Babalola, former chairman of FBN Holdings Plc appointed by the Central Bank of Nigeria following the abrupt exit of his predecessor, Oba Otudeko, resigned his position due to “the rot, stench and corruption in the system”. Mr Babalola…
A year on, Bloomberg named Nigeria the best performing stock exchange in the world, posting a 50 percent gain at the end of 2020. The Lagos bourse closed with the highest points since December 2007, beating 92 other stock exchanges around the world. At the time MTN Nigeria was listed, many Nigerians sought to invest in the telecommunications…
Global airlines have expressed worry over fresh impositions of travel bans and flight restrictions as governments race to prevent the spread of the COVID-19 Omicron variant. The carriers, under the aegis of the International Air Transport Association (IATA), said the emerging disruption would set the sector’s slow recovery backwards, with additional losses for struggling airlines…
es Ndubuisi Mba, (CEO) of CDV Group, is the brain behind CDV Properties & Development Ltd, a frontline real estate firm with properties spread across Nigeria. The construction magnate behind 34V Engineering Limited, Chief Mba hails from Orba in Udenu Local Government Area of Enugu State. An alumnus of the University of Nigeria, Nsukka, where…
In his first coming as military head of state, Major General Muhammadu Buhari was remarked for his unconventional economic policies. Foremost of them was the non-descript counter-trade policy that was framed on his conservative proclivities and perceived disinterest in Western culture. In fact, it was during that first advent that the flag of patriotism was…
• It’s Plot To Cripple Anti-corruption, Human Rights Organisations, Say CISLAC, Others• CLO Threatens Court, Political Actions• SERAP Differs, Says FIRS Should Proceed If Backed By Law The decision of the Federal Government to extend its tax net to Civil Society Organisations (CSOs) in the country has attracted the bashing of some of the concerned…
