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All posts by BusinessNews Staff

  • Seplat, Unity Bank, others join NSE indices after year-end review

    Seplat Petroleum Development Company Plc has been included in the Nigerian Stock Exchange (NSE) 30 Index, just as  Unity Bank Plc joined the NSE Banking Index. The NSE 30 Index comprises the top 30 stocks on the...

    • Posted January 6, 2015
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  • Market awaits entrance of more Merchant Banks

    Activities in the merchant banking segment of the financial market are expected to increase as the market anticipates the entrance of more players in the sub-sector this year. This is expected to support corporate and trade financing...

    • Posted January 6, 2015
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  • Investors stake N9.8m on bonds, ETPs

    Federal Government bonds and Exchange Traded Products worth N9.853m were traded on the floor of the Nigerian Stock Exchange in three trading sessions last week. The Federal Government had declared Thursday and Friday public holidays to allow...

    • Posted January 6, 2015
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  • BoI provides N100bn for cotton production

    The Federal Ministry of Agriculture and Rural Development on Sunday said that the cotton subsector had received N100bn from the Bank of Industry through the Growth Enhancement Support scheme on the Cotton, Textile and Garments Funds. According...

    • Posted January 6, 2015
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  • FG spends N471bn to service debts

    The Federal Government spent a total of N471bn to service its domestic and external debts in the first half of the 2014 fiscal year, figures obtained from the Budget Office of the Federation have shown. The figure,...

    • Posted January 5, 2015
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  • NERC seeks consumers’ scrutiny of new electricity tariff

    As the newly-approved tariff for electricity consumption in Nigeria begins from January 1, 2015, the Nigerian Electricity Regulatory Commission (NERC) has said that it would be relying on consumers across the country to bring the various electricity...

    • Posted January 5, 2015
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  • Exhibitors, consumers rate marketplace exhibition high

    Participants including exhibitors and consumers have described the just concluded annual marketplace exhibition held in Lagos as successful. Speaking at the event, Head, Planning committee of the exhibition, Mrs Moji Awokoya noted that the decision of the...

    • Posted January 5, 2015
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  • Universal Service Provision Fund deploys 79 base stations in communities

    The Universal Service Provision Fund (USPF) on Saturday said it had deployed 79 Base Transceiver Stations (BTS) in unserved and underserved communities across the country. The Secretary of USPF, Mr. Abdullahi Maikano, told the News Agency of...

    • Posted January 5, 2015
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  • NB confirms SEC’s approval of merger with Consolidated Breweries

    The management of Nigerian Breweries Plc has confirmed that its merger with Consolidated Breweries Plc has now been finalized with effect from December 31, 2014. According to a company statement signed by the Managing Director/CEO of Nigerian...

    • Posted January 4, 2015
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  • Dangote, role model to young African leaders – NBCC

    The Nigerian-British Chamber of Commerce has described the Chairman of Dangote Group, Alhaji Aliko Dangote, as a role model to the youth, following his recent award as the ‘Forbes Africa Person of the Year 2014’ by Forbes...

    • Posted January 4, 2015
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