The market flip flopped between negative and positive territory today, finally closing to bearish sentiments at the end of the session. The All Share Index dropped 0.07% to close  at 20,123.51, dangerously close to the 20,000 threshold....

With the signing into law of the Personal Income Tax (Amendment) Act, 2011 by President Goodluck Jonathan, tax defaulters will now pay stiffer penalties for different offences A copy of the Federal Republic of Nigeria Official Gazette...

The Indorama Group has pledged an additional investment of $2.1 billion (N325.5 billion) in Nigerian petrochemicals industry. The core investor of Eleme Petrochemicals Limited, with headquarters in Indonesia has already invested $575 million (N 89 billion) in...

Respite may be on the way for equity investors as the CEO of the Nigerian Stock Exchange has announced that ten companies have been given the nod to commence operations as market makers next month. The Nigerian...

FirstRand, one of South Africa’s two biggest banks has revealed plans to open up an investment banking unit in Nigeria, as well as a commercial and retail banking presence. This is not the first time the South...

Nestle Nigeria has announced plans to spend $92 million to boost its output in Africa’s biggest consumer market. According to Nestle CEO, Martin Woolnough, ““We’ve got a lot of money going into the country and that will...

The International Monetary Fund said a pause is “warranted” after Nigeria’s central bank raised its benchmark rate by 6 percentage points since 2010 to combat price pressures. A “clear” inflation objective will help to anchor expectations in Africa’s top oil producer, the...

The Ogun State Government will hold the inaugural edition of Ogun State Investors’ Forum, with the theme: “Ogun State: Open for Business”on March 27 – 28, 2012 at DLK Event Centre, Abeokuta.   One of the Forum’s...

The market fell for the second consecutive day due to the activities of profit-takers, compounded with huge losses in blue chip, highly capitalized stocks such as Nigerian Breweries (-4.99%) and First Bank (-5%). The All Share Index...

The Federal Government has awarded over $2.5bn contracts for various gas pipeline projects in the country. This is in line with its policy on gas monetisation, as laid out in the Gas Master Plan, GMP. The Executive...