admin

Image source: Volkswagen. What’s happening: Volkswagen (NASDAQOTH:VLKAY) has until Friday to submit its plan to fix 482,000 diesel cars with illegal emissions software to U.S. regulators. Once the plan is approved by regulators in Washington and California, VW is expected to begin recalling the vehicles. Separately, VW is also expected to release details of the […]Read More

Image: Ctrip.com International. The stock market was generally quiet on Thursday, with most major indexes finishing slightly lower on the day. Yet beneath that apparent calm, there was considerably more volatility within certain sectors of the market. Among the winners on the day were Ctrip.com International (NASDAQ:CTRP), Brady (NYSE:BRC), and Gold Fields (NYSE:GFI), each of […]Read More

Image: Chesapeake Energy. Thursday’s stock market performance continued the trend seen earlier in the week, with major market benchmarks remaining close to unchanged after large gains yesterday. Yet unlike in recent days, there were clear winning and losing sectors on the day, and among the unlucky stocks in the losing group were Chesapeake Energy (NYSE:CHK), […]

The Federal Government will henceforth make it its major priority to assist the Transmission Company of Nigerian (TCN) in accessing long-term expansion funding. These funding matrixes are to ensure a reliable transmission network system that is capable of conveniently wheeling up to 10,000mw of electric power produced in the country, both in the short and… […]

The status of FMDQ OTC Securities Exchange as a “full member” Exchange of the African Securities Exchanges Association (ASEA) was ratified at the Association’s Annual General Meeting (AGM), which opened the ASEA conference on November 15, in Johannesburg, South Africa. As a member of ASEA since May 15, 2015, the ratification of FMDQ OTC Securities… […]Read More

Akwa Ibom State government has begun moves to boost its internally generated revenue (IGR) by engaging with the major companies operating in the state with the view to ensuring they pay the correct taxes. It has recently engaged a new revenue consultant and has seen its IGR gone up to about N2 billion monthly. Akan… […]

The Federal Road Safety Corps (FRSC) on Thursday said available record rated Nigeria as one of the most dangerous countries to drive in the world. Boboye Oyeyemi, corps marshal/chief executive of FRSC, made the disclosure in Benin City at the 2015 Ember Month flag-off by the Edo State Sector Command of the Corps in collaboration… […]

House of Representatives on Thursday told Assets Management Corporation of Nigeria (AMCON) to immediately halt the sale of assets of banks and companies that failed to meet their financial obligations on the non-performing loans. Some of the assets put for sale by AMCON include: 32 petroleum product storage tanks, otherwise known as tank farms, in… […]

Federal Inland Revenue Service (FIRS) has identified over 200 oil and gas companies that have not filed in returns for 2015. Consequently, the FIRS has written to them directly or through their tax consultants to comply before the end of the year. Also, the agency has within 26 days registered 35,650 corporate taxpayers and 22,000… […]

The current foreign exchange policy regime has been described as inconsistent with objective of growth, job creation and poverty reduction. Indeed, the data from National Bureau of Statistics (NBS) equally noted that the economy did far better under SAP, especially in terms of employment, output growth, and poverty and in some years, even inflation. “The… […]

As the Muhammadu Buhari-led administration grapples with fall in prices of crude oil, which account for over 70 percent of the nation’s foreign exchange earnings, it has been revealed that Nigeria loses N8 trillion every two years due to illegal mining of solid minerals. This comes as analysts have harped on the need for diversification… […]

Governor Akinwunmi Ambode of Lagos State has said that a life of service to humanity and exemplary leadership is urgently needed to deepen the democratic culture in Nigeria. Ambode made the observation yesterday in Lagos while speaking as guest lecturer at the Annual Lecture and Awards Luncheon of The Hubert H. Humphrey Fellowship Alumni Association… […]