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All posts by BusinessNews Staff

  • Bitflux set to rollout wholesale broadband services

    The Director of Bitflux Communications Ltd., Mr Biodun Omoniyi, on Wednesday in Lagos said that the company would roll out its wholesale wireless broadband access services in October. Omoniyi said this during the Internet Service Providers’ Association...

    • Posted May 29, 2014
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  • Caverton share price records major setback, sheds N3.77 in one day

    The one-week-old listed company on the Nigerian Stock Exchange (NSE), Caverton Offshore Support Group Plc, on Tuesday suffered a major setback by shedding 39.68 per cent of its market value. Investigations by the News Agency of Nigeria...

    • Posted May 28, 2014
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  • NSE Market Index appreciates by 0.77%

    Trading activities on the Nigerian Stock Exchange (NSE) on Tuesday closed upbeat with the All-Share Index increasing by 0.77 per cent. The News Agency of Nigeria (NAN) reports that the Index grew by 305.77 points to close...

    • Posted May 27, 2014
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  • CBN Governor faults CNPP claim on N200bn fund to NEXIM

    The Central Bank of Nigeria, CBN, has denied allegations that it gave a N200 billion stabilisation fund to the Nigerian Export Import Bank, NEXIM. The Acting Governor of the CBN, Sarah Alade, said in Abuja that the...

    • Posted May 27, 2014
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  • NSE moves 360.03m shares worth N6.52bn

    Investors on the Nigerian Stock Exchange (NSE) on Monday staked N6.52 billion on 360.03 million shares transacted in 4,816 deals. The News Agency of Nigeria (NAN) reports that the turnover increased by 81.81 per cent, compared to...

    • Posted May 26, 2014
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  • NSE market capitalisation rises by N92bn

    Transactions on the Nigerian Stock Exchange (NSE) on Friday maintained the bullish trend with the market capitalisation appreciating further by N92 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation rose by N92 billion...

    • Posted May 23, 2014
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  • Broadcast stations to go digital by December 2014 – NBC

    The Director-General of the National Broadcasting Commission (NBC), Mr Emeka Mba, on Thursday said that all broadcast stations in Nigeria must go digital by December, 2014. Mba made the statement during a “Digital Broadcast Summit’’ organised by...

    • Posted May 23, 2014
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  • House of the Week: A gorgeous 6-bedroom house at Carlton Gate Estate

    Our house of the week is this newly built and gorgeous 6 bedroom house at Carlton Gate Estate, Chevron Drive, Lekki, Lagos. With its all white striking feature, this property speaks nothing but elegance with an angelic...

    • Posted May 23, 2014
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  • Capital market indices appreciate by 1.15%

    Equities transactions on the Nigerian Stock Exchange (NSE) maintained an upward trend on Thursday as the market indices improved by 1.15 per cent. The News Agency of Nigeria (NAN) reports that the appreciation was due to price...

    • Posted May 22, 2014
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  • FBN Holdings assures shareholders of better returns on investment

    The FBN Holdings Plc on Thursday assured its shareholders of better returns on investment in the near future due to the drive for growth in each of its business lines. Mr Bello Maccido, the company’s Group Chief...

    • Posted May 22, 2014
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