Business (Page 53)

  By Rukayat Adeyemi The Institute of Islamic Finance Professionals (IIFP) is seeking partnership with TrustBanc Arthur, a non-interest investment institution, to further deepen the penetration of Islamic finance in Nigeria. IIFP Acting President, Dr Tajudeen Yusuf, made this known when he led associate members of the institute on aContinue Reading

By Itohan Abara-Laserian First Bank of Nigeria Ltd has unveiled First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. FirstBank Chief Executive Officer, Dr Adesola Adeduntan, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Friday inContinue Reading

By Chinyere Joel-Nwokeoma Investors on the Nigerian Stock Exchange (NSE) on Friday staked N13.62 billion on 587.74 million shares in 4,895 deals. This was in contrast with 493.17 million shares valued at N4.72 billion exchanged in 5,486 deals on Thursday. Mansard Insurance dominated trading activities, accounting for 282.32 million sharesContinue Reading

By Victor Adeoti Gov. Gboyega Oyetola of Osun, on Thursday, said the sum of N100 million has been set aside to boost Micro Small and Medium Enterprises (MSMEs) development in the state. Oyetola said his administration had adopted a proactive strategy to stimulate the state’s economy adversely affected by theContinue Reading

By Chinyere Joel-Nwokeoma The nation’s bourse extended negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote Sugar Refinery and tier-1 banks. The All-Share Index on Thursday declined further by 157.39 points or 0.40 per cent to close at 39,394.67 from 39,522.06 posted on Wednesday.Continue Reading