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All posts by BusinessNews Staff

  • stockmarket
    NSE market capitalisation dips by N39bn

    Transactions on the Nigerian Stock Exchange (NSE) on Wednesday closed on a downward note as major stocks recorded huge losses. The News Agency of Nigerian (NAN) reports that market capitalisation at the end of the day’s trading...

    • Posted July 24, 2014
    • 0
  • private_refineries
    Nigerians urged to support plans to privatise refineries

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday urged Nigerians to support the Federal Government’s plan to privatise the nation’s refineries. Mr Ajayi Adebayo, new Chairman of IPMAN, Ejigbo Satellite depot branch, made the call...

    • Posted July 14, 2014
    • 0
  • nigeria-supreme-court1
    Court restrains AMCON from acquiring assets of Aero Contractors

    An Abuja Federal High Court on Thursday granted an order restraining the Assets Management Corporation of Nigeria (AMCON) from acquiring the assets of Aero Contractors Ltd. Justice Ahmed Mohammed, granted the interlocutory order at the resumed hearing...

    • Posted July 11, 2014
    • 2
  • digitalmarketing
    Nigeria Stock Exchange records 13.7% increase in trade on Tuesday

    Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N5.13 billion on 523.328 million shares in 5,363 deals. The News Agency of Nigeria (NAN) reports that the volume of transactions represented 13.71 per cent increase over...

    • Posted July 9, 2014
    • 0
  • stockmarket
    NSE: Monday transactions reopen on bullish trend

    Equity transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a bullish note with some blue chips sustaining price rally. The News Agency of Nigeria (NAN) reports that Nestle topped the gainers’...

    • Posted July 1, 2014
    • 0
  • SEC Board Controversy
    NSE: Transactions close lower on Friday

    Equity transactions on the Nigerian Stock Exchange (NSE) closed lower on Friday with the market indicators depreciating marginally by 0.09 per cent. The News Agency of Nigerian (NAN) reports that market capitalisation lost N12 billion or 0.09...

    • Posted June 28, 2014
    • 0
  • House of Reps
    Reps kick against CBN’s N35m capital base for bureau de change

    The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend the new requirement of N35 million increment in capital base for operators of Bureau De Change in Nigeria. It would be recalled that...

    • Posted June 28, 2014
    • 0
  • House of The Week (1)
    House of the Week: A unique 4-bedroom duplex at Apo in Abuja

    Our property of the week is an awesome 4-bedroom duplex with 2-bedroom BQ located at Apo, Abuja. This magnificent property, which is now letting, features 4 bedrooms, 4 bathrooms, 2 lounges and 1 dining area with all...

    • Posted June 27, 2014
    • 0
  • stockmarket
    NSE: Transactions remain upbeat on Wednesday

    Transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note for the fourth consecutive day. The News Agency of Nigeria (NAN) reports that, the All-Share Index appreciated by 247.01 points or 0.59 per...

    • Posted June 26, 2014
    • 1
  • SEC Board Controversy
    NSE moves 622.377m shares as index improves further by 0.39%

    Investors on the Nigeria Stock Exchange (NSE), on Tuesday in Lagos traded a total of 622.377 million shares worth N7.76 billion in 7,921 deals. The News Agency of Nigeria (NAN) reports that the volume represented an increase...

    • Posted June 25, 2014
    • 0
  • image
    Cashless policy: CBN gives one-year waiver on withdrawal charges in 30 states

    The Central Bank of Nigeria has granted one year withdrawal waiver charges on individual and corporate accounts in the remaining 30 states which will implement the cashless policy on July 1. This is contained in a statement...

    • Posted June 25, 2014
    • 1
  • Alex-Otti-MD-Diamond-Bank-
    Diamond Bank MD bags 2013 Zik Leadership Award

    Group Managing Director and CEO of Diamond Bank Plc, Dr. Alex Otti, has received the 2013 Zik Prize in the Professional Leadership category, at an award ceremony organized by the Public Policy Research and Analysis Centre (PPRAC)...

    • Posted June 23, 2014
    • 0