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Dr Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC

Demola Sogunle: Nigerian businesses need to position themselves

Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce.

N8.5bn fraud: General Atewe bought 30,000 units of shares for N170 million – witness

A prosecution witness, Howard Edafe, in the ongoing N8.5billion fraud case involving a former Joint Military Task Force Commander, Maj.-Gen. Emmanuel Atewe (retd.), on March 12, 2020 told Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos, how Atewe bought 30,000 units of shares from MTN Links for N170,350,000.00 (One Hundred and Seventy Million, Three Hundred and Fifty Thousand Naira) between 2014 and 2015.
Nigerian Stock Exchange NSE

NSE: Trading defies inflation figure, index up 0.90 per cent

The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019.

Osun is new investment destination

Osun State has been identified as the new investment destination in Nigeria with huge potential to generate revenue from agriculture, tourism, culture, among others.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
Nigerian Stock Exchange NSE

NSE market capitalisation increases by N25 billlion

Trading closed positively on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation improving by N25 billion.
President Ramaphosa has prioritised land redistribution as he seeks to win public support ahead of election next year [Themba Hadebe-AP]

Xenophobia: President Buhari’s envoy meets South Africa’s Cyril Ramaphosa today

President Muhammadu Buhari’s special envoy, the Director-General of the National Intelligence Agency, Ambassador Ahmed Abubakar, has arrived in Johannesburg and is expected to meet President Cyril Ramaphosa of South Africa.
Mr Danielson Akpan, NANS’ National President, made the disclosure in Abuja on Friday.

Nigerian students ask South African nationals to leave Nigeria before Monday

The National Association of Nigerian Students (NANS) on Wednesday declared war on South African nationals and their businesses in Nigeria, warning them to leave the country on or before Monday next week to avert grave penalty.

JAMB: Stanbic IBTC to give top 30 UTME candidates N15m scholarships

The Joint Admission and Matriculation Board (JAMB) has announced that Stanbic IBTC will reward the top 30 candidates in the last Unified Tertiary Matriculation Examination (UTME) will be giving scholarship worth N15m.
Nigerian Stock Exchange NSE

Pressure on equities as investors lose N200 billion

Sustained sell-offs in highly capitalised stocks trading on the floor of the Nigerian Stock Exchange (NSE) was the theme this week as investors lost a total of N200 billion Week-on-Week.

Xenophobic attacks: Committee’s advice to Nigerian students

The Committee of Youth on Mobilisation and Sensitisation (CYMS) on Tuesday appealed to youths and students’ organisations in Nigeria to refrain from further planned picketing of South African businesses in Nigeria over xenophobic attacks.

Man jailed for diverting N13 million pension fund in Enugu

Justice K. I. Okpe of the Enugu State High Court has sentenced one Akpudili Anayo to six years in prison for the diversion of N13m meant for the payment of pension and salaries in the state.
Nigerian Stock Exchange NSE

NSE maintains positive posture on low price attraction, quarter end activities

Trading activities on the Nigerian Stock Exchange (NSE) closed northward on Friday, amid quarter end window dressing and low price attraction.
Nigerian Stock Exchange NSE

Trading reverses negative mood, indices up 0.29 per cent

The Nigerian Stock Exchange (NSE) on Friday recorded growth with the market capitalisation increasing by N37 billion to change the bearish posture it maintained in the last four days.

Woman charged with hacking bank account, stealing N16 million

An Odogbolu, Ogun State-based businesswoman, Wuraola Folashade Oluloye, accused of hacking a First Bank Plc account and stealing a customer’s N16.2million, was on Tuesday brought before an Igbosere Magistrates’ Court, Lagos.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.

Bank customers decry poor ATM services during Sallah

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs).

Recent Stories

World Athletics is set to rewrite the 2020 season calendar, following disruptions to sports schedules by the unfolding coronavirus drama worldwide.

World Athletics to review 2020 season calendar

World Athletics is set to rewrite the 2020 season calendar, following disruptions to sports schedules by the unfolding coronavirus drama worldwide.
Bursaspor full-back Shehu Abdullahi has urged people to unite in order to defeat the coronavirus.

Shehu Abdullahi: We will defeat this virus together

The pandemic which is currently causing problems across the world has claimed thousands of lives, paralysed major activities and affected the economy.
Dillian Whyte says Anthony Joshua was “pretending” he wanted an all-British battle last year, but remains ready and willing if his bitter rival wants another grudge fight.

Dillian Whyte: Anthony Joshua pretending he wanted all-British fight

Dillian Whyte says Anthony Joshua was “pretending” he wanted an all-British battle last year, but remains ready and willing if his bitter rival wants another grudge fight.
One of Nigeria’s leading sex therapists, using a special herb known as Kayanmata, Oji Oghenetejiri, has declared unapologetically that most women have sexual problems.

Many women have sexual problems – sex therapist

One of Nigeria’s leading sex therapists, using a special herb known as Kayanmata, Oji Oghenetejiri, has declared unapologetically that most women have sexual problems.
Manchester City star, Riyad Mahrez, has split from his wife — and is now dating the daughter of a Real Housewives of Cheshire star.

Manchester City won’t sell Riyad Mahrez – reports

The French champions have been heavily linked with a move for the Algerian winger, but City have no intentions of offloading the 29-year-old who joined them from English Premier League rivals Leicester City in 2018.