Friday, September 22, 2017

S’Africa’s stocks, rand tumble

South Africa’s rand slipped to its weakest in three weeks on Wednesday as traders opted to bank small profits from the currency’s dip below...

Food/beverage stocks appreciate by 1.14%, market gains N23bn

Food/beverage stocks soared by 1.14 per cent on Wednesday, thus emerged the top-performing stocks as the Nigerian Stock Exchange capitalisation appreciated by N23bn. The NSE...

CBN to borrow N917bn via TBs in fourth quarter

The Central Bank of Nigeria is planning to borrow N917.14bn worth of Treasury bills between September 14 and November 30, a CBN debt calendar...

N4.75tn pension funds invested in FG bonds, securities

  About N4.75tn of the total funds under the Contributory Pension Scheme has been invested in the Federal Government’s securities. Figure obtained from the National Pension...

We should not celebrate exit from recession yet – Okonkwo

Managing Director/Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, spoke on various issues bothering on the economy and the lender’s half-year performance. The...

How we will block leakages of public funds in States – Presidency

The Special Adviser to President Buhari on Justice Sector reforms and the National Coordinator of Open Government Partnership (OGP), Bar. Juliet Ibekaku- Nwagwu has...

Ferrari turns 70 in style

  It’s the black prancing horse’s 70th birthday and gleaming Ferraris are out in force in Italy this weekend to celebrate. Some 500 sleek, purring sports...

South Africa Airline tops list of flights with missing luggage

Air passengers traveling within and outside Nigeria experienced a total number of 2,966 delayed arrivals and missing luggage in the first six months of...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro (8/9/17)

The dollars is exchanging for N365  at market rate (Interbank rate 306) , while GBP exchanges for N472 (Interbank rate 400) and the Euro for...

Nike confirms Amazon partnership –

Goldman Sachs hinted last week that a Nike/Amazon deal was in the works. Now, Nike (NKE) CEO Mark Parker has confirmed the companies are...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro (7/9/17)

The dollars is exchanging for N365  at market rate (Interbank rate 306) , while GBP exchanges for N470 (Interbank rate 399) and the Euro for...

Hadiza usman talks tough ”a woman is capable to deliver on any task”

The Federal Government is poised to profit immensely from the Nigerian Ports Authority (NPA) given a redirection in the Authority’s policy focus towards a...

Bank staff arrested over theft of N25m

The Delta State Police Command has arrested four bank officials for their role in an armed robbery operation between Otulu and Ubulu-Okiti axis of...

Arik Shareholders React to Planned Takeover of Airline

Shareholders of Nigeria’s largest carrier, Arik Air have described as unfortunate the alleged plan by the federal government to hand over...

Zenith Life Assurance To Host Registered Insurance Brokers Today

By ROYAL IBEH In a bid to renew its friendship with insurance brokers, Zenith Life Assurance, will today be hosting Registered Insurance Brokers under the...

AIICO Insurance Resumes Annuity Business

By ROYAL IBEH Having obtained the permission by the National Pension Commission (PenCom) to resume annuity business, AIICO Insurance Plc, has announced that it has...

IEI-Anchor Pension Wins Best Innovative PFA Of The Year

By ROYAL IBEH IEI-Anchor Pension Managers Limited has won Africa’s Best Innovative Pension Fund Administrator of the year 2017. The Company’s Secretary/Legal Adviser, Onoru Femi, while...

Law Union And Rock Total Assets Stood At N10.6bn In 2017

By ROYAL IBEH Law Union and Rock has announced that its total assets has grown to N10, 631,874 billion in 2017 when compared to N8,580,876...

“Exemption of paramilitary from CPS, A Burden To FG”

By ROYAL IBEH As Nigeria battles to get out of recession, stakeholders in the pension industry are calling on Nigerians to reject the exit of...

Africa import export bank woos Nigerian investors in 300million dollars equity offering

The African Export-Import Bank on Thursday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300m equity offering. The...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro (23/8/17)

The dollars is exchanging for N370  at market rate (Interbank rate 306) , while GBP exchanges for N475 (Interbank rate 392) and the Euro for...

Save Lagos Group set to picket telecom, pay television providers over poor services, extortion

  A civil rights organisation, the Save Lagos Group has expressed its readiness to picket and disrupt business activities in some companies involved providing telecom...

Stock market rebounds as investors gain N130.3bn

THE Nigerian Stock Exchanged (NSE) rebounded on Tuesday after investors lost N116 billion in the previous day’s trading session. A look at the major market...

Nigeria’s Finace min , Kemi Adeosun emerges new chairman of ECOWAS Investment Bank

The Minister of Finance, Kemi Adeosun, on Tuesday emerged the Chairperson, Board of Governors of the Economic Community of West African States, ECOWAS Bank...

The Nigerian Pension Industry And The Quest For Contributory Pension Scheme

Prior to Pension Reform Act (PRA) 2004, the pension industry was bedeviled by many problems ranging from huge pension liabilities, corrupt practices to lack...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro (21/8/17)

The dollars is exchanging for N370  at market rate (Interbank rate 306) , while GBP exchanges for N475 (Interbank rate 394) and the Euro for...

Find out how Aviation contributes nearly 1 billion dollars annually to Garfield county

Aircraft manufacturing mogul Clyde Cessna might not have built his highly successful company in Enid, where he got his start in aviation, but flying...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro

The dollars is exchanging for N369  at market rate, while GBP exchanges for N478  and the Euro for N432

See details of how china intends to bring satelliteTv to 10,000 Nigerian villages

  China will provide Satellite television (TV) reception to 10,000 villages in the region in the next few years, as provided in the forum of...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro

The dollars is exchanging for N370  at market rate, while GBP exchanges for N477  and the Euro for N432

Challenges Retirees Face In Accessing Retirement Benefits And Way Out

By Royal Ibeh                                                             When we talk of pension and retirement, the focus today is Contributory Pension Scheme (CPS) and it is indeed a great...

N6.5trn Pension Funds Threatened By Multiple Bills At NASS-PenCom, PenOp

By Royal Ibeh Pension funds which currently stands at N6.5 trillion is faced with a major threat of depletion due to the multiple Bills sponsored...

Pension Benefits: Lump sum is residual, not fixed percentage-PenOp

By Royal Ibeh While some Nigerians are seeking the provision of 75 percent as pension lump sum for retirees, the Pension Fund Operators of Nigeria...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro (15/8/17)

The dollars is exchanging for N368  at market rate, while GBP exchanges for N476  and the Euro for N43

Naira falls against dollar, see current exchange rate

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar. The Nigerian currency lost one point...

Investing in the marijuana sector

  In this urgent investor report, we’ll uncover our six favorite pot stocks for 2017. These companies have been hand-selected based on our proprietary money...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro

The dollars is exchanging for N362  at market rate, while GBP exchanges for N475  and the Euro for N430

Naira stabilises after crash at parallel market …see current value

The Naira on Tuesday exchanged in the parallel market at N366, same rate it closed on Monday. Pound Sterling and the Euro closed at N477...

We will tax first class and business class air tickets- FG

The minister of finance, Kemi Adeosun has said that the federal government has signed a policy to tax first class and business class air...

Exchange Rate: Today’s Naira Rate Against Dollar, Pound And Euro (2/7/17)

The dollars is exchanging for N363  at market rate, while GBP exchanges for N475  and the Euro for N422