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Stock Exchange reviews composition of market trading indices for efficiency

nse-oscar

The Nigerian Stock Exchange (NSE or “The Exchange”) is pleased to announce the review of the NSE-30, and the seven sectoral indices of the Exchange. These Indices are NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas, NSE Pension and the NSE Lotus Islamic Indices. These indices are normally reviewed bi-annually (June and December) except for ...

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More analysts call for early review of CBN’s ban on 41 items

Customs checkpoint

That since the federal government placed ban on the importation of 41 items into the country things have not been well is no more news, rather the critical issue now is growing calls by experts on the government to rethink the ban to save jobs and the economy. According to Dr. Ken Igboanugo, a financial analyst, “the review had become ...

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How Accenture has been growing businesses in Nigeria—-Yusuf

Leading business development services providers; Accenture Nigeria has opened up on its core values and key contributions to the development of businesses in the country. The Chief Executive Officer and Country Director of Accenture Nigeria, Mr. Niyi Yusuf said “As part of our corporate citizenship initiative, we have what we call Skills to Succeed (S2S), which focuses on two major ...

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Expert lists 8 minuses that frustrated 2016 economy, warns against repeat

Kemi Adeosun

Leading development economist, writer and public affairs pundit, Mr. Jide Ojo has listed six key negative factors that fought and clouded the Nigerian economy in 2016 and warned the federal government to learn from the mistakes of last. In an interview, he listed oil crisis-induced economic challenges, wrong policy options and erratic changes, poor Ease of Doing Business’, forex differentials, ...

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Reconstitute economic team, review fiscal policies for early exist of recession—NACCIMA

The leadership of the Organised Private Sector (OPS) under the command of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called early reconstitution of the nation’s economic team, if any to begin immediate review of all fiscal policies that failed in 2016. In their main position, OPS maintained that 2016 fiscal policies were marred by ...

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Concerted effort on monetary, fiscal policies will stabilize naira—BDC chief

Udoma, Buhari, Adeosun

Current president of the Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has explained that the pressure exerted by forex on the Naira was disturbing and dangerous to investment, output and employment. While calling for harmony between the fiscal and monetary policies in addressing the woes of the Naira, he said “There is the need for ...

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Union Bank rebrands, targets less time spent at banking halls by customers

union bank

Throughout 2016, report show that banking customers’ most annoying experience was wasting of time at banking halls and three banks (names with held) were fingered in the report as being the most culprits. Accordingly, more money deposit banks (MDBs) have given signals of rebranding to remain fresh in the memories of customers as 2017 financial year begins. But leading the ...

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Confusion at land borders as vehicle importers scramble Seme, Idiroko borders

Ali, Customs boss

Pandemonium caused by vehicle importers that have engulfed all Nigerian borders including Seme, Owode and Idiroko may continue today as officers of Nigeria Customs battle unprecedented number of car imports via land border following the deadline of December 31, 2016 which is now in force. Otherwise, activities at the said land borders are now at fever pitch as vehicle importers ...

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Finally, Stanbic IBTC rests differences with FRC, releases results

After months of standoff, Stanbic IBTC Holdings Plc and the Financial Reporting Council of Nigeria have resolved the lingering dispute over Stanbic IBTC’s financial statements for 2015. The peace deal has lead to issue of the bank’s financial statements. The FRC has lifted the suspension of the FRC numbers of the Chairman of Stanbic IBTC, Mr. Atedo Peterside and Chief ...

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Persistent lower naira denomination scarcity traced to CBN inactivity

CBN Abuja

The main reason for the persistent scarcity of lower denomination naira notes has been unmarked. Details from the Central Bank of Nigeria (CBN) revealed that for a year now, it has not award contract for the printing of the notes, such as N5, N10, N20 and N50, which are usually done abroad, adding that the recently printed notes in circulation ...

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