Ugandan Central Bank Cuts Rates, Expects Easing Inflation Pressure

  Overall inflation rose to 7.2 pct in May * Growth in the fiscal year to June is seen at 3.9 pct * Analyst says 1 pct rate cut was…

S.Africa’s Rand Weakens 1.5 pct after Watchdog Comments over Cenbank

  South Africa’s rand fell more than 1.5 percent on Monday after Public Protector Busisiwe Mkhwebane recommended changes to the constitution to force the central bank to promote economic growth…

Nigeria’s Central Bank to Sell $100mn at Forex Market Auction

Nigeria’s Central Bank plans to sell $100 million at a special foreign currency auction on Monday, the bank said as part of its efforts to improve dollar liquidity and reduce…

All Things Being Equal, Nigeria’ll Be Out of Recession in 2018 – NBS

    Barring any further hitches, the Nigerian economy will be out of recession in 2018, Statistician-General of the Federation, Dr. Yemi Kale, has said. In an interview with the…

Stockbrokers seek government’s understanding of market challenges

  Folllowing consistent absence of both Federal and State government’s representatives in most capital market fora and its dire consequences on the market’s development, the Chartered Institute of Stockbrokers (CIS)…

FBN Holdings targets non-performing loans ratio of 19% in 2017

  The management of FBN Holdings Plc on Thursday said it was targeting a Non-performing Loans (NPL) ratio of less than 20 per cent for the financial year ending Dec.…

FG, Dangote, Flour Mills Sign MOU on Repair of Apapa Wharf Road

…as FG hands over Apapa Wharf road to Dangote, FMN Succor will soon come to users of Apapa Wharf road as Federal Government handed over the troubled road to Dangote…

Otunba Gbenga Daniel’s Kresta Laurel Unveils Construction Subsidiary, KLL Limited

Foremost indigenous engineering company, Kresta Laurel Limited, unveiled its latest subsidiary, KLL Construction Limited at a cocktail dinner held at Radisson Blu Anchorage Hotel, Lagos on Thursday. The occasion, which…

SunTrust Bank: We Have No Hand in Death of National Assembly Legislative Aide

SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. The protest by legislative…

NSE  Trading Results on Wednesday

      ASI 33,598.20 DEALS 7,357.00 VOLUME 759,046,475.00 VALUE 6,295,123,668.63 CAP 11,618,354,460,873.78 Top Gainers Symbols Last Close Current Change SEPLAT 460.01 465.51 5.5 UNILEVER 37 40.7 3.7 OKOMUOIL 63.66…