Category: Business News

Stocks end three-day gains, shed N103bn

The Nigerian-equities market three-day gains were reversed at the close of trade on Tuesday as the Nigerian Stock exchange market capitalisation dropped by N103bn in one session. The NSE All-Share Index fell 82 basis points to close at 36,669.61 basis points – implying a moderation in the year-to-date return to 36.4 per cent. A total…

Inflation drops marginally to 15.98%

The National Bureau of Statistics has released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.01 per cent in August to 15.98 per cent in September. In the report released on Tuesday in Abuja, the bureau explained that the drop in the nation’s inflation rate in September was the…

Poverty biting harder, Reps tell FG

Members of the House of Representatives on Tuesday at a plenary session complained that poverty was biting harder in the country and urged the Federal Government to tackle the problem headlong. They spoke as President Muhammadu Buhari wrote the House on his plan to present the 2018-2020 Medium-Term Expenditure Framework and Fiscal Strategy Paper to…

Unity Bank supports breast cancer campaign

The Managing Director/Chief Executive Officer, Unity Bank Plc, Mrs. Tomi Somefun, has commended the Breast Cancer Association of Nigeria for sensitising the public and increasing momentum on the multi-sector approach targeted at curbing the spread of breast cancer in the country. Somefun, who led this year’s edition of BRECAN’s Jog for Life charity walk in…