Archive: Page 3

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) (, 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 »