Guess what is happening today? It’s a day for women! Also known as the International Working Women’s Day, March 8 is a special day set aside for the call for the equality and freedom for the women, as well as their contribution to society. Today at the Concept Group, we are going to celebrate women …
The U.S. economy gained 227,000 jobs in January according to statistics released by the Labor Department on Friday, while unemployment ticked up slightly to 4.8 percent. Wages also increased 2.5 percent compared to January 2016, rising six cents in December. The economy added 157,000 jobs in December and unemployment stood at 4.7 percent. A number …
US Economy gains 227,000 Jobs in January under President Trump Read More »
Following the persisted macro economy challenges, investors in the equities market of The Nigerian Stock Exchange (NSE) lost N283 billion to underlined serious profit-taking in January. According to records from NSE, market capitalization of all listed equities on the bourse depreciated by 3.06 per cent from N9.256 trillion it opened the year 2017 to close …
Investors in equities market lost N283bn in January Read More »
THE Transmission Company of Nigeria (TCN) says that the nation’s power generation improved slightly to 3,528.90 megawatts on Feb. 1 from 2,662 megawatts on Jan. 22, 2017. This figure was disclosed on the website of the Nigerian Electricity System Operator (SO), a sub-agency of the TCN, in its daily forecast on power generation in Lagos …
Power supply improves slightly, as generation hits 3,528 megawatts – TCN Read More »
Nigeria’s central bank sold about 400 billion naira ($1.27 billion) of Treasury bills on Friday, lifting the interbank lending rate up to 12 percent, traders said. The bank sold 82 billion naira in 181-day Treasury bills at 18 percent and 309 billion at 18.6 percent, mopping up liquidity from the money market and pushing up …
Nigeria sells 400 billion naira bills to mop up money market liquidity Read More »
Rising non-performing loans and imminent fall in naira value have put banks in a precarious position and needing to raise fresh capital in a distressed economy. Palpable fear has gripped the chief executives of many large-tier and mid-tier Deposit Money Banks as an imminent fall in the naira exchange rate throws up a need for …
Banks scramble for fresh capital as naira weakens further Read More »
The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable against the greenback for about three weeks. The Nigerian currency, however, remained stable at the …
The word “Loan” has always been considered a scary term for many but with the revolving advantages it has in the 21st Century it has become a welcomed one. Taking a loan should not turn out to be a bad decision if you have a clear point of reference of who, why and when you …
The Executive Director of Nigerian Export Promotion council (NEPC), Segun Awolowo, has revealed that the country lost over $30 billion due to fall in crude export in 2015. Awolowo disclosed this in Abuja last Thursday when he hosted a delegation of Japanese Industrialist. The ED stated that, “Nigerian got $70 billion from oil export in …
Nigeria lost $30bn to oil export drop in 1 year – NEPC Read More »
About a week after the Federal Government announced the release of N72bn as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the project on behalf of the Chinese government. While Nigeria is to bear 15 per cent of …
China Exim bank approves N408bn for Lagos-Ibadan rail project Read More »
