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All posts by BusinessNews Staff

  • Forte Oil, Aiteo Group, others scramble to acquire Oando’s downstream assets

    Forte Oil Plc, one of the nation’s petroleum products marketing company and Chief Benny Peters’ Aiteo Group, on Monday emerged the major contenders for Oando Plc downstream assets nationwide. The News Agency of Nigeria (NAN) reports that...

    • Posted September 22, 2014
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  • FirstBank: National icon, celebrated globally

    First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier banking institution and has been at the vanguard of banking innovation, modernisation and business advancement for the past 120 years. Established in 1894, the bank has consistently grown...

    • Posted September 22, 2014
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  • NSE: Transactions maintain bullish trend

    Equity transactions on the Nigerian Stock Exchange (NSE) on Friday closed on a bullish note with some blue chips sustaining price rally. The News Agency of Nigeria (NAN) reports that Nestle led the gainers’ table, gaining N39.35...

    • Posted September 20, 2014
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  • NSE market indicators improve marginally by 0.20%

    Equity transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Wednesday as the market indicators improved marginally by 0.20 per cent. The News Agency of Nigeria (NAN) reports that the appreciation was due to price gains...

    • Posted September 17, 2014
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  • Major blue chips drop prices on NSE

    Some blue chips on the Nigerian Stock Exchange (NSE) recorded price depreciation on Friday as a result of profit taking by investors. The News Agency of Nigeria (NAN) reports that Dangote Cement topped the price losers’ chart...

    • Posted September 13, 2014
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  • House of the Week: A magnificent investment property at Katampe, Abuja

    If you’re looking to invest in the every growing Nigerian real estate market, here is an opportunity to invest in a property located in the capital city, Abuja. This property comprises of the following: – 2 units...

    • Posted September 5, 2014
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  • Dangote restates commitment to SON’s directive on cement, launches 1X premium 32.5 grade brand

    In full compliance with the directive of the Standards Organisation of Nigeria (SON) on the various grades of cement and their prescribed uses, Dangote Cement Plc has announced plans to launch its brand of the premium 32.5...

    • Posted September 3, 2014
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  • Kunoch Holdings acquires Actis LLP’s and CDC Group’s stake in Diamond Bank

    Kunoch Holdings, a private-equity firm, has completed the purchase of a Diamond Bank Plc stake from Actis LLP and CDC Group Plc. A statement by Diamond Bank announced that Kunoch acquired the stake by buying Actis DB...

    • Posted August 22, 2014
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  • Jonathan re-appoints Robert Orya as NEXIM Bank MD

    President Goodluck Jonathan has renewed the tenure of Roberts Orya, the Managing Director of the Nigerian Export-Import Bank, NEXIM. Mr. Orya was appointed Managing Director/CEO of NEXIM Bank on August 14, 2009. The Permanent Secretary, Federal Ministry...

    • Posted August 21, 2014
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  • Re-introduction of ATM charge won’t discourage financial inclusion – CBN

    The Central Bank of Nigeria, CBN, has faulted critics of its N65 charge on use of Automated Teller Machine. The apex bank in a statement on Wednesday said the policy won’t discourage its drive for financial inclusion....

    • Posted August 20, 2014
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