The Sun News
  • FMDQ trades $10.38bn OTC FX in 2017

    Following the desire to address the need for risk management in the Nigerian forex (FX) market, FMDQ OTC securities has announced that it has traded about $10.38 billion worth of OTC FX Futures in 2017. According to data obtained from the exchange’s website, $10.38 billion worth of OTC FX Futures contracts have traded so far…

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  • 65 stocks record gains in 2017

    Statistics obtained from the Nigeria Stock Exchange (NSE) has shown that a total of 65 stocks recorded gains in 2017. Among the 65 stocks, 12 rose by more than 100 per cent, compared to just three equities that recorded triple-digit price appreciation in 2016. Also, more than 30 stocks recorded two-digit capital growth for the…

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  • Fidelity Bank partners SystemSpecs on federal revenue collection

    In conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its Unstructured Supplementary Service Data (USSD) channel. The solution, which is the first of its kind in the industry is in response to some of the…

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  • Nigerian Stock Exchange

    2018 outlook: Stakeholders expect market to sustain bullish trend

    Stories by Chinenye Anuforo and Chinwendu Obienyi With the Nigerian Stock Exchange (NSE) closing 2017 on a positive note with its market capitalisation, which appreciated by N4.36 trillion from N9.247 trillion it opened the year to N13.609 trillion it closed the year, stakeholders have predicted that the market would sustain the bullish trend. Specifically, Sola…

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  • Customs rakes in N272m from e-auction scheme

    The Nigeria Customs Service (NCS) said that it generated N272.12 million from the auction of 646 vehicles under its electronic auction scheme Spokesman of the service, Deputy Comptroller Joseph Attah, disclosed this in Lagos when he briefed newsmen on the activities of the service in 2017. Attah said the e-auction regime eliminates the manual process…

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  • FG may resume fuel subsidy payment

    … Rewane seeks clarification By Adewale Sanyaolu and Fred Itua, Abuja Strong indications have emerged that the Federal Government may soon resume the payment of petrol subsidy before mid 2018. Although it is still unclear when this will happen, findings by Daily Sun revealed that the outcome of the ongoing interface between the Senate and stakeholders…

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  • Russia 2018: Buhari sets target for Super Eagles

    From Juliana Taiwo-Obalonye, Abuja President Muhamamdu Buhari has through the Minister of Sports, Solomon Dalung, tasked the Super Eagles to ensure they perform well at the Russia 2018 World Cup. He urged the ministry to ensure that the country sustained the tempo of successes recorded in the sports sector in 2017. Dalung made the disclosure…

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  • Restyled Sonata Hyundai wins ‘2017 Good Design Award’

    Stories Moses Akaigwe 08072100049 Hyundai redesigned its industry-leading midsize sedan Sonata with a more assertive profile and clean and handsome approach. That new design was honoured with a 2017 Good Design Award from the Chicago Athenaeum: Museum of Architecture and Design and the European Centre for Architecture Art Design and Urban Studies, a significant honor…

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  • Fuel crisis, poor infrastructure, poor wages  

    Stories by Bimbola Oyesola, 08033246177 With more workers losing their jobs in 2017 in spite of the unbearable living conditions fostered on them through the present economic situation in the country, the concluding year no doubt was not the best of time for the Nigerian workers who may have been stretched too far. The statistics…

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  • Competitors from Africa excel in L/Rover 4×4 engineering challenge

    More than 150 talented future software engineers aged 11-19, from schools in 16 countries including South Africa, gathered in Abu Dhabi for the Land Rover 4×4 in Schools Technology Challenge world finals. The competition required that these bright young scholars use computer coding to design, build and programme miniature remote-controlled four-wheel-drive vehicles for a two-day…

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Online Editor: Aderonke Bello
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