The Nigerian stock market on Tuesday maintained a bullish trend with the market capitalisation growing by N84 billion, lifted by gains from cement, breweries and beverages stocks.
The News Agency of Nigeria (NAN) reports that the market capitalisation grew by N84 billion or 0.71 per cent to close at N11.887 trillion as against N11.803 trillion achieved on Monday.
Similarly, the All-Share Index rose to two-year of 34,375.60, appreciating by 240.50 points or 0.70 per cent compared to 34,135.10 recorded on Monday.
Julius Berger recorded the highest price gain to lead the gainers’ pack, increasing by N4.04 to close at N43.84 per share.
Dangote Cement followed with a gain of N3.97 to close at N213.97 and Nigerian Breweries garnered N3 to close at N168 per share.
Nestle also increased by N3 to close at N910, while International Breweries added N2.30 to close at N30.65 per share. Read more
Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and dedicated value added services. The GTPatriot Account allows serving members of the Military and Paramilitary institutions to open accounts with zero minimum balance whilst offering reduced Current Account maintenance fees and access to loans at reduced interest rates, amongst other value added services.
With the introduction of the GTPatriot Account, the bank will expand and deepen its relationship with another core segment of the society in line with its goal of enriching the lives of all customers and the communities in which it operates. Read more
The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017.
This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja.
The report, which showed the revenue performance for the first quarter of 2017, gave a breakdown of money collected.
According to the report, the FIRS collected N338.3 billion as Petroleum Profit Tax between January and March, as against the N176.7 billion collected in the period under review in 2016.
Similarly, Value Added Tax (VAT) revenue increased from N198.7 billion in first quarter of 2016, to N221.37 billion in first quarter of 2017. Read more
Emirates were recognised yesterday with four accolades at the ?Business Traveller Middle East 2017 Awards.
At a ceremony attended by key travel industry executives, Emirates was crowned “Best Airline Worldwide”. It was also named “Airline with the Best First Class”, “Airline with the Best First Class Lounge” and “Best Frequent Flyer Programme”.
At the 2017 Business Travellers Awards, Emirates was crowned “Best Airline Worldwide”. It was also named “Airline with the Best First Class”, “Airline with the Best First Class Lounge” and “Best Frequent Flyer Programme
Adel Al Redha, Emirates’ Executive Vice President and Chief Operations Officer, said: “Our customers are at the heart of our brand. In every step of the customer’s journey, we thoroughly and regularly examine the product to achieve a high level of customer care. Providing a truly memorable experience is about continually innovating across our product and offering a personal touch and a warm welcome. Moreover, our Skywards accolade solidifies the programme’s standing as an industry-leading loyalty programme that offers Emirates customers value through exceptional privileges and benefits. We are honoured to be recognised for our efforts by Business Traveller Middle East’s readers. Read more
Gov. Aminu Tambuwal of Sokoto state on Wednesday, inaugurated the Air Peace Airline Lagos-Abuja-Sokoto route.
The inaugural flight arrived the Sultan Abubakar III International Airport, Sokoto 12.43p.m, with Boeing 737-300 aircraft carrying 136 passengers on board.
Tambuwal was represented at the occasion by the Secretary to the State Government, Prof. Bashir Garba.
The governor described the airline as one of the,” best, safest and reliable” in Nigeria and remained debt-free, adding that the inclusion of the Sokoto route would be very rewarding for the airline.
African Students For Liberty partnered with six libertarian and classical liberal organizations throughout Africa to produce this online course addressing the history, principles, and policy implications of liberty in Africa.
Topics include: Socialism & African Culture, Colonialism, Rule of Law, Free Trade, Cronyism, Overcriminalization, Property Rights, Economic Growth, Toleration, and Entrepreneurship.
You can sign up at: http://www.sflacademy.org/enrol/index.php?id=4
Airline is offering special fares from Nigeria i.e. Lagos to select destinations around the world
Emirates is offering Nigerian travellers special Economy Class and Business Class return airfares to a range of exciting destinations across its global network.
Those wanting to visit family or friends, or see and experience a new and exciting destination, can take advantage of this limited time offer by booking between 9th January and 18th January 2017. Travel must take place between 16thJanuary and 15th June 2017. Further terms and conditions apply.
Economy Class fares from Lagos to Dubai for example start from USD800, to Beirut from USD776 and to Manchester from USD911, while return Business Class fares to Dubai starts from USD2,896, to Beirut from USD2887 and to Manchester from USD2993. Read more
Zignature is an awesome online platform that allows users to create bespoke & unique email signatures that promotes their businesses & brands with just a few clicks.
How it Works
You can create stunning attractive email signatures (like mine) with just a few clicks by signing up and selecting from our wide range of templates and generate your own custom email signatures with your photos, company logo, social media channels and even promotional ad banners with minutes.
… 50kg bag for N12,000; 25kg for N6,000; 10kg for N2,500
…This is a historic moment for Lagos, Kebbi, says Lagos Gov
Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu on Wednesday launched the much anticipated Lagos-Kebbi Rice christened LAKE RICE, saying that the partnership which culminated into the launch was not only designed to ensure food security but showcase the ability of Nigeria to become a producing nation.
Speaking at the launching ceremony held at Lagos House in Ikeja, Governor Ambode said the development was a great and historic moment for both states and Nigeria, as the rice would not only be sold at highly reduced price, compared to what obtains in the market, but is also very fresh and safe for consumption.
“Today is an historic day for Lagos and Kebbi States. In March 2016, we signed an MOU with an understanding that we, being proudly Nigeria, we want to come out with what is made in Nigeria and what is good in Nigeria. We took all that President Muhammadu Buhari said that we need to grow our food and we decided that we will prove a point and that is what today is all about.
“LAKE RICE is of good quality. The major difference between LAKE RICE and the ones imported is that the imported has a minimum storage of five to six years storage life span, but LAKE RICE is fresh,” the Governor said. Read more
On October 14, 2016 Total Nigeria Plc was recognized by the Nigerian Customer Service Awards as the Best Customer Service Company in the Nigerian Oil &Gas sector for the third time in a row. The company had previously won this award in year 2014 and 2015.
Adesua Adewole (General Manager, Sales and Marketing) and Maxence Bourgoing (Network Development Manager)
Bijou Abiola is a successful Fashion Buyer who is known for bringing the best of apparel to retail stores in the USA. She has worked directly with several top brands and designers such as Donna Karan, Ralph Lauren, Miss Selfridge and BCBG. On the 12th and 13th of November, Bijou Abiola will be at the GTBank Fashion Weekend to discuss the myths and facts behind stocking internationally and how indigenous brands can break into the global scene.
The GTBank Fashion Weekend may seem novel for a financial institution, but it is part of the bank’s long history of supporting the local fashion industry.
Guaranty Trust Bank plc, last week announced the debut of the GTBank Fashion Weekend, set to hold on the 12th and 13th of November 2016, at the GTCentre, Oniru, Victoria Island. With the bank being the first financial institution to pioneer such initiative, it is important to understand its motive for organizing such an event and necessary to know what guests will gain from attending.
Why is GTBank Organizing a Fashion Weekend?
Perhaps the short answer is: To promote enterprise in the SME sector of the Fashion industry. The not-so-short answer would begin with the fact that GTBank actually has an extensive footprint in fashion that goes back several years. The bank has sponsored two of the country’s leading fashion events, The Arise Fashion Week and The Lagos Fashion and Design Week, for a combined period of five years. The bank has also contributed significantly to raising the international profile of African fashion through collaborations including the Ndani Installation at Selfridges and the “Double Club” Collaboration with PRADA.
The GTBank Fashion Weekend is thus an extension of the bank’s long tradition of supporting the local fashion industry and African fashion in general. However Read more
Digital BootCamp is a workshop designed to equip the upcoming generation of youths (millennials) with the tools and techniques required to make them a major stakeholder in the emerging virtual world. As the world advances and gradually diffuses into a virtually real word, teenagers need to be informed about this reality, carried along and trained to become major stakeholders in the making of the emerging virtual world. It is our candid belief that teenagers in this part of the world should not just be consumers, but also makers and drivers of the trend. In this wise, the workshop will therefore engage intensive training in the dynamics of digitalization which will be interactive in orientation.
To raise a generation of teenagers that will be pioneers of digital revolution in Africa and position Africa as a major stakeholder in the digital age.
To build teenagers that have strong capacity to lead and influence the world positively.To raise a generation of teenagers that are digital savvy and gurus
Who can enroll for Digital BootCamp 2016? Read more
Guaranty Trust Bank plc has announced the debut of the GTBank Fashion Weekend which will hold in Lagos on the 12th and 13th of November 2016. The two-day consumer focused event is themed “Promoting Enterprise” and is set to create an ultimate fashion experience, where the most promising and talented retail brands will showcase the latest fashion trends and products to a large and diverse audience of consumers, fashion aficionados and industry professionals.
ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI,PRESIDENT AND COMMDNADER-IN-CHIEF OF THE ARMED FORCES OF THE FEDERAL REPUBLIC OF NIGERIA AT THE MINISTERIAL RETREAT ON THE ECONOMY AND THE
BUDGET AT THE STATE HOUSE BANQUET
HALL, ABUJA, SEPTEMBER 15, 2016
I am delighted to be here with you at this Ministerial Retreat on the Economy and the Budget. The theme of the Retreat which is “Building Inter-ministerial Synergy for Effective Planning and Budgeting in Nigeria” is very apt and timely, especially as we are in the process of developing the 2017 Budget.
2. Over the years, there has been a mismatch between planned targets and budgetary outcomes at the National and sectorial levels. The Federal MDAs have not also benefited significantly from working together and building consensus around common national objectives. This has impeded growth and development of the country.
3. It is in this context that this Retreat has been designed to discuss issues around the State of the Economy and build consensus amongst Cabinet Members and top Government officials. The Retreat will also serve as an opportunity to have a general overview of the economy and discuss the framework for the 2017 Budget, its key priorities and deliverables.