Business

NSE: Equities close week bearish with 0.13% loss

Stories, Chris Ugwu Trading activities at the equities market finished last week on the negative route as the NSE All-Share Index and Market Capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.335 trillion respectively.   All other indices finished lower with the exception of NSE Premium, NSE MERI Growth, NSE […]

Business

GSK reports 32% drop for FY’20 earnings

GlaxoSmithKline Consumer Nigeria (GSK) Plc has reported a 32.15 per cent decline in profit after tax for the financial year ended December 2020.   According to the audited financial report obtained from the NigerianStockExchange( NSE), thegroup posted a profit after tax of N622.230 million as against N917.104 million reported in 2019, accounting for a drop […]

Business

Adegbami: Further devaluation of naira not unlikely

Managing Director/CEO, Mainstreet Microfinance Bank, Mr. Adegoke Adegbami, is also the General Secretary, National Association of Microfinance Banks, Lagos. At an interactive session with select journalists recently, including New Telegraph’s TONY CHUKWUNYEM, he spoke on topical issues in the sub-sector, including CBN’s revocation of licences of 42 MFBs late last year. Excerpt     CBN […]

Business

FDC forecasts 17.8% inflation rate for March

Nigeria’s headline inflation rate, which rose to 17.8 per cent in March from 17.2 per cent in February 2021, is expected to continue its upward trend in Q2’21, analysts at Financial Derivatives Company (FDC) have said.   The analysts, who made the prediction in a report obtained by New Telegraph yesterday, noted that if their […]

Business

Analysts: Naira’ll likely stabilise against dollar this week

The naira is likely to remain stable against the dollar on the parallel market this week due to forex inflows occasioned by Central Bank of Nigeria (CBN)’s “Naira 4 dollar” scheme, analysts at leading forex broker, AZA, have said.   In a note obtained by New Telegraph at the weekend, the analysts said: “The naira […]

Law

Discordant tunes over special courts for bandits, kidnappers

Lawyers split over proposal to create special courts for bandits, kidnappers   Should the Federal Government create special courts to deal with cases of banditry and kidnapping? Lawyers say no, yes. AKEEM NAFIU reports   Some senior lawyers have expressed divergent views on a proposal by former President Olusegun Obasanjo and an islamic cleric, Sheikh […]

Politics

Kukah: The cleric that provokes Buhari’s presidency

Bishop Matthew Kukah has a penchant for speaking truth to power. His recent Easter message on the state of the nation has, however, incurred the wrath of the current administration who accused him of playing politics with his interventions. WALE ELEGBEDE reports   The Catholic Bishop of Sokoto Diocese, Bishop Mathew Hassan Kukah is not […]

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