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All posts by BusinessNews Staff

  • NSE will maintain zero tolerance for unhealthy practises – Onyema

    The Nigerian Stock Exchange (NSE) on Saturday vowed to arrest any form of manipulation from all quarters of its operation to protect investors’ investment. Mr Oscar Onyema, NSE Chief Executive Officer, made the statement at the induction...

    • Posted December 14, 2014
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  • NNPC denies keeping two account books

    The Nigerian National Petroleum Corporation has raised objection to the allegation of fraud against it by a former Head of State and presidential candidate of the All Progressive Congress, Gen. Muhammadu Buhari (retd). A statement by the...

    • Posted December 14, 2014
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  • Naira devaluation fails to stop equities slide

    Equities on the Nigerian Stock Exchange have continued to decline in price more than two weeks after the devaluation of the naira. The move, announced by the Central Bank of Nigeria on November 25, had been expected...

    • Posted December 14, 2014
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  • Nigerian banks raise $2.5bn to fund acquisition of Shell oil blocks

    The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has stated that his bank and some other Nigerian banks accounted for about $2.5 billion used by some Nigerian independent firms to acquire...

    • Posted December 13, 2014
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  • Oduoza seeks enhanced collaboration between banks, telcos

    The Group Managing Director of the United Bank for Africa Plc (UBA), Mr. Philips Oduoza has stressed the need for increased collaboration between banks and telecommunication companies for improved services. Oduoza said this in a keynote address...

    • Posted December 13, 2014
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  • Niger Delta stakeholders shift focus from oil to agriculture

    Stakeholders from nine states in the Niger Delta have deliberated on the need to urgently shift focus from oil production to the agricultural sector. At a workshop in Calabar organised by the Foundation for Partnership Initiatives in...

    • Posted December 13, 2014
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  • Access Bank hailed over impressive results

    Access Bank Plc has attracted accolades from the Publisher/CEO of EMEA Finance Magazine, Christopher Moore  for its impressive 2014 nine months results and its general dealings in the nation’s capital market. In a period when many companies...

    • Posted December 13, 2014
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  • FAAN targets 15million passengers before end of 2014

    The Federal Airports Authority of Nigeria (FAAN)  has said its new “Passenger Service Portal’’ is to handle 15 million passengers at the nation’s airports before the end of 2014. FAAN’s General Manager, Corporate Communications, Mr. Yakubu Dati,...

    • Posted December 13, 2014
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  • Market capitalisation falls by N376bn as sell-off continues

    The equities market fell for the fourth straight day this week on Thursday as the sell-off, which had eroded the value of stocks, deepened. As a result, the market capitalisation of the listed equities declined by N376bn...

    • Posted December 13, 2014
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  • Nigeria needs to address tax payment issues – PwC

    Nigeria needs to urgently address issues relating to the number of tax payments and the time it takes companies to comply, PricewaterhouseCoopers has said. Paying taxes has become easier over the past year for medium-sized companies around...

    • Posted December 13, 2014
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