Don't Miss


  • Daily Stock News (Aug 16,2011)

    Equity Market erased the loss recorded yesterday as market experienced strong bargain activities, taking advantage of gap-up opening witnessed in the early trade while sustained tempo witnessed in the mid-day session gave support to the impressive turnaround...

    • Posted August 17, 2011
    • 0
  • Five rescued banks to call EGMs by Sept 30 – AMCON

    Nigeria’s state asset management company (AMCON) said it expects five of the nine banks that were bailed out for $4 billion to call extraordinary general meetings by Sept. 30, so shareholders can vote on recapitalisation deals signed...

    • Posted August 16, 2011
    • 0
  • Investors show renewed interest in Nationalised Banks

    Three investors have joined the league of firms seeking to buy the three nationalised banks – Mainstreet Bank, Keystone Bank and Enterprise Bank – including one that had earlier bidded for the defunct Springbank Plc – now...

    • Posted August 16, 2011
    • 0
  • FGN Bonds: Trading dips by 35% in OTC Market

    A decline was recorded in trading in the Over-the-Counter, OTC, market for Federal Government of Nigeria, FGN Bonds, as turnover dipped by 35.48 per cent. In particular, a turnover of 184.38 million units valued at N169.011 billion was recorded in...

    • Posted August 16, 2011
    • 0
  • Naira Slips at CBN’s twice-weekly auction

    Nigeria’s naira depreciated to the weakest in almost two months against the dollar at a foreign- currency auction today after the central bank failed to meet demand that rose to highest level this year. The currency of...

    • Posted August 16, 2011
    • 0
  • NNPC to Take $2 Billion Loan From Japanese Companies to Fund Brass LNG

    Nigeria NNPC plans to take a $2 billion loan on concessionary terms from a group of Japanese companies led by the Japan Bank for International Cooperation to fund its equity in Brass LNG project, a company spokesman...

    • Posted August 15, 2011
    • 0
  • India seeks more crude oil, gas from Nigeria

    New Delhi, Aug 15 (IANS) India has asked hydrocarbon-rich Nigeria to allocate more oil and gas to India and help it in its energy security efforts. ‘India has expressed its interest to procure a portion of the...

    • Posted August 15, 2011
    • 0
  • CBN Guidelines on Point of Sale (POS) Card Acceptance Services

    In preparation for the take-off of its policy on cash withdrawal limit, the Central Bank of Nigeria, CBN, has issued guidelines for payment of goods and services through Point of Sale Terminal (PoS). Among other things the...

    • Posted August 15, 2011
    • 0
  • Nigeria is eating beyond its means – Agriculture Minister

    The Federal Government weekend disclosed that N991 billion was spent in the year 2010 for the importation of rice and wheat in the country. Minister of Agriculture, Dr. Akinwunmi Adesina, disclosed this at the International Institute of...

    • Posted August 15, 2011
    • 1
  • PIB Designed to Reduce Government’s Revenue – NEITI

    The Nigeria Extractive Industry Transparency Initiative (NEITI) has warned that Nigeria will lose $3 billion petroleum revenue yearly if the National Assembly passes the Petroleum Industry Bill (PIB) as amended by law makers. NEITI said the limit of government’s...

    • Posted August 15, 2011
    • 0