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Alheri denies owing FG N27.2bn over fibre optic agreement

January 16, 2018/Alheri Engineering Company Management of Alheri Engineering Company Limited has vehemently denied owing Federal Government the sum of $75,500,000.00 million (about N27.18billion at N360 to $1) over fibre optic… Read more »

NSE Benchmark Index Revs by +2.17%, as Investors Rake in N335 Billion Returns

January 16, 2018/InvestmentOne Report The Nigerian equities market sustained its bullish trend today, as NSE-ASI appreciated by +2.17%.  Also, Market breadth index ended positive today with 46 stocks gaining against… Read more »

Ecobank Xpress Account; Banking At Your Fingertips

January 16, 2018/Ecobank Nigeria Ecobank Nigeria’s Executive Director, Consumer Banking, Carol Oyedeji has reiterated that the convenience of opening and operating an Ecobank Xpress Account is putting banking at “your… Read more »

Cooking Gas Price Up 13.02% Year-on-Year to N2,262.79 in December 2017-NBS

January 15, 2018/NBS Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -4.84% month-on-month and increased by 13.02% year-on-year to N2,262.79 in… Read more »

42% of Capital Projects in the 2018 Proposed Budget has no direct impact on citizens – BudgIT

January 16, 2018/BudgIT BudgIT decries the masking of several opaque administrative items as capital projects just to shore up the percentage of capital component in the 2018 budget. Recent analysis… Read more »

The Elusive Tipping Point in Asset Allocation; AUM Increases by 23.1% to N7.41trn in November

Culled—Proshare January 16, 2018/FBNQuest Research  The assets under management (AUM) of the Nigerian regulated pension industry increased by 23.1% y/y in November to N7.41trn (US$24.2bn), and by 1.5% m/m. They… Read more »

World Bank Projects 2.5% Growth for Nigeria in 2018

Culled—Proshare January 16, 2018/FDC  World Bank forecasts that Nigeria’s economic growth will spike to at least 2.5% in 2018 from a 1% growth in 2017 on the back of improved… Read more »

Nigeria’s Inflation Eases Eleventh Consecutive Month to 15.37% in December 2017

January 16, 2018/NBS The Consumer Price Index (CPI) which measures inflation ended the year 2017 with an increased by 15.37 percent (year-on-year) in December 2017. This was 0.53 percent points… Read more »

GAC Motor Secures Exclusive Rights for the Second Season of FORBES AFRICA: My Worst Day with Peace Hyde

January 16, 2018/CNBC Africa Guangzhou Automobile Company (GAC Motor) (www.GAC-Motor.com), one of the top five biggest Chinese automobile manufacturers, has secured the exclusive rights for the flagship FORBES AFRICA television show, My Worst Day with Peace Hyde. The… Read more »

2018 Outlook: NSE Says Demutualization Bill Expected in 2018

 Emerged 3rd best performing stock exchange in the world  Market turnover increased by 121%  Set to become a more agile and flexible demutualized securities exchange January 16,… Read more »

 

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