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After a flip-flop performance during the week, trade on Friday saw the Nigerian Stock Exchange (NSE) all-share index appreciating 0.03 percent to close at 35,439.98 points as against the 0.93 percent appreciation recorded previously, However, Fridays positive trade could not lift the benchmark index above previous week’s performance, instead paring it by 0.14 percent. Friday’s market […]

Efforts at diversifying the Nigerian economy may have started yielding fruits as agriculture produce exports earned the country N30 billion, with cashew exports alone accounting for N13.5 billion or 45.4 percent of total agricultural export as at Q2 2017. Audu Ogbeh, minister of agriculture and rural Development disclosed this during a presentation on Thursday at the National […]

The Federal Government of Nigeria has given October 1, 2017 deadline for the nation’s deposit money banks to remit revenues due it from ministries departments and agencies (MDAs) electronically using the Government Integrated Financial Management Information System (GIFMIS) revenue reference numbers via the Remita platform. In a Central Bank of Nigeria circular singed by Dipo Fatokun, and […]

Nigeria’s equities market closed Thursday on a positive note, as benchmark index appreciated by 0.93 percent to close at 35,429.31 basis points as against 0.44% appreciation recorded previously. Market year-to-date (YTD) returns improved to 31.6 percent. Accordingly, market capitalization gained N112.3 billion to settle at N12.2 trillion. Thursday’s positive close is largely attributed to gains in DANGCEM (+1.4%), […]