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All posts by BusinessNews Staff

  • Skye Bank bids for Enterprise Bank

    Skye Bank Plc has indicated interest in acquiring Enterprise Bank Ltd., Mr Timothy Oguntayo, the Group Managing Director of the bank, said in Lagos on Thursday. Oguntayo made the development known at the bank’s pre-Annual General Meeting...

    • Posted May 22, 2014
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  • French firm wants to develop Lekki Port with green technology

    A French Shipping Company, CMA CGM, on Thursday expressed willingness to develop the proposed Lekki port, a.k.a. free trade zone in Lagos with high degree of green technology. Mr Marc Riondel, Chief Operating Officer of CMA CGM,...

    • Posted May 22, 2014
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  • Investors stake N10.22bn on 852.31m shares

    Transactions at the Nigerian Stock Exchange (NSE) on Wednesday increased by 185.81 per cent as investors’ staked N10.22 billion on 852.31 million shares in 4,689 deals. The News Agency of Nigeria (NAN) reports that the volume is...

    • Posted May 21, 2014
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  • Shareholders caution investing public over AMCON’s move to sell Mainstreet Bank’s assets

    Some shareholders of Mainstreet Bank Ltd, formerly Afribank, have cautioned the investing public on the expression of interest for the acquisition of the Asset Management Corporation (AMCON) interest in the bank. The shareholders stated this in a...

    • Posted May 21, 2014
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  • NEXIM Bank confirms ECOWAS $60m shipping project will take off in December

    The Managing Director, Nigeria Export Import Bank (NEXIM), Mr Roberts Orya, has said that arrangements have been concluded for ECOWAS to float a shipping concern that will serve the sub-region. Orya told the News agency of Nigeria...

    • Posted May 21, 2014
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  • Capital market indices dip by 0.03%

    Transactions on the Nigerian Stock Exchange (NSE) opened on Monday on a bearish trend as the indices dropped marginally by 0.03 per cent.     The News Agency of Nigeria (NAN) reports that the drop was due...

    • Posted May 19, 2014
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  • Market capitalisation drops by N60bn in a bearish trading

    Activities at the Nigerian Stock Exchange (NSE) on Thursday reversed to the downward trend after appreciating for three consecutive days. The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N12.891 trillion lost...

    • Posted May 15, 2014
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  • NSE indices appreciate by 0.47%

    For the third consecutive day, activities on the Nigerian Stock Exchange (NSE) maintained the positive trend on Wednesday with market indicators appreciating by 0.47 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index...

    • Posted May 14, 2014
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  • NSE’s market capitalisation rises to N130bn

    The Nigerian Stock Exchange’s (NSE) market capitalisation on Tuesday appreciated by N130 billion due to huge gains posted by some blue chips. The News Agency of Nigeria (NAN) reports that the market capitalisation increased by 1.02 per...

    • Posted May 14, 2014
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  • FirstBank partners WAEC on e-registration

    First Bank of Nigeria Ltd, Nigeria’s largest financial Institution has been designated as sales points for the e-registration forms of candidates for the November/December 2014 West African Senior School Certificate Examination (WASSCE). With over 750 branches across...

    • Posted May 13, 2014
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