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Daily Archives: March 8, 2018

President Buhari vows to end nation’s insecurity crisis

President Muhammadu Buhari today restated his commitment to arrest the cycle of violence that has engulfed some parts of the country. The President gave the assurance in Jos, Plateau State at a Town Hall meeting in the course of his two-day official visit to the state. A statement by his Special Adviser (Media and Publicity), Femi Adesina, also indicated that ... Read More »

Total, NB, Nestle to pay N72bn to shareholders

Three multinational companies on the Nigerian Stock Exchange (NSE), Total Nigeria Plc, Nigerian Breweries Plc and Nestle Nigeria Plc, are expected to pay shareholders a total dividend of N72.5 billion for the 2017 financial year. The above multinational companies in 2016 paid N42 billion dividend to their numerous shareholders despite the nation’s economic challenges that included foreign exchange instability. The ... Read More »

Market index up 0.33% as Pressco tops losers

The equity segment of the Nigerian Stock Exchange (NSE) on Thursday sustained an upward trend, as the benchmark indices improved by 0.33 percent as against 1.51 percent loss recorded at the close of trading on Wednesday. The All-Share Index crossed to 43,090.55 points from 42,952.70 points attained the previous day having added 137.85 absolute points representing a growth of 0.33 ... Read More »

Unveiling capital market’s place in infrastructural financing

  ‘The effective and efficient utilization of capital market facilities would enhance federal and states governments’ financing of their respective 2018 budgets to address their huge infrastructural deficits,.’     All over the world, the capital market drives the entire economy, as it provides a platform for government at all tiers to access medium and long-term funds to execute development ... Read More »

Ethiopian Airline connects Buenos Aires with all-women flight

Africa’s largest airline group, Ethiopian Airlines, has started five-weekly flights to Buenos Aires, Argentina, beginning from today, March 8, 2018, the airline announced in a statement. The Group CEO of Ethiopian Airlines, Tewolde GebreMariam, said in the statement that, “We are glad to add Buenos Aires, our 6th gateway to the Americas, to our extensive global network. Our new flight ... Read More »

BoI disburses N20.5 billion to 346 female entrepreneurs

The Bank of Industry (BoI) said on Thursday that it had disbursed over N20.5 billion in 2017 to 346 enterprises owned by women. The Managing Director of BoI, Kayode Pitan, made the disclosure at the bank’s celebration of the 2018 International Women’s Day in Lagos. The International Women’s Day is celebrated on March 8 annually to recognise the roles of ... Read More »

IWD 2018: Redefining the roles of the Nigerian woman in development

 The world celebrates women every 8th day of the month of March, as it marks the International Women’s Day, and taking bold action now to increase the economic participation and advancement of women is critical to ensuring a strong foundation for rising prosperity in the long run for an emerging economy like Nigeria’s. This report posits that increasing the participation ... Read More »

UK to spend £700,000 building prison in Nigeria

‘This will enable us to transfer more prisoners to Nigeria, which will in turn free up prison places in the UK’ The UK is to build a £700,000 jail in Nigeria so it can deport foreign criminals and free up places in British jails. Foreign Secretary Boris Johnson announced construction of the “UN-compliant” 112-bed wing at the maximum security Kiri ... Read More »

Mo Abudu, Omotola named among 50 global women in showbiz

Chief Executive Officer of EbonyLife TV, Mo Abudu; and Nollywood star, Omotola Jalade-Ekeinde, have been named among 50 women making an impact in showbiz by Variety magazine. According to Variety, a weekly American entertainment trade magazine, the 50 women on the list are “doing extraordinary things on the worldwide stage” with a special focus on the entertainment industry. Abudu’s profile ... Read More »

Nigeria is fully out of recession — FG

The Federal Government, on Wednesday, said that the nation has fully exited recession. The development, the government said, followed the latest reports by the National Bureau of Statistics on the nation’s Gross Domestic Product, GDP, and other related economic performance numbers. The Minister of Budget and National Planning, Udoma Udoma, said this after the Federal Executive Council (FEC) meeting presided ... Read More »