Business

Post-election trading experience Investors stock market lost N517bn.

Losses on the Nigerian Stock Exchange extended into the fifth consecutive trading session on Tuesday as the All Share Index declined by 1.02 per cent, dragging the year-to-date return to -0.4 per cent two days after the governorship and House of Assembly polls. The investors lost N289bn after the presidential and National Assembly elections, and […]

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UBA Group started full banking operations in UK.

The new UBA franchise, UBA UK, has been formally inaugurated in the United Kingdom at a high-level gathering of business and public sector leaders in London on Thursday. This latest development came three weeks after the UBA Group began its operations in Mali. At the upscale ceremony which held at Shard in the city of […]

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Pencom declare 12 states faithful to funding wokers’ pension.

Only 12 states among those that have enacted the Contributory Pension Scheme laws have been funding the pension accounts of their workers as of the end of June 2018. This was disclosed in the report on ‘Implementation update by the State Governments’ by the National Pension Commission which was obtained by our correspondent on Tuesday. […]

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Import route block throws Ethiopia into fuel scarcity.

The Ethiopian capital Addis Ababa has been hit by a severe fuel shortage as at Tuesday (January 15), multiple local media outlets have reported. Unusually long queues have been formed outside fuel stations that have supplies with many motorists waiting for hours to buy fuel. Government has yet to respond to the development. The shortage […]

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