All posts by BusinessNews Staff

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  Market base transactions close on downward trend on Tuesday

  Transactions on the Nigerian Stock Exchange (NSE) closed on depressed note on Tuesday as the volume of shares traded dropped by 6.71 per cent. The News Agency of Nigeria (NAN) reports that investors staked N4.86 billion on...

  • Posted April 1, 2014
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  NSE releases minimum operating standards for dealing members

  The Nigerian Stock Exchange (NSE) has announced new minimum operating standards for all licenced dealing members to ensure long-term investor protection. The new standard was issued in a statement by the NSE in Lagos on Monday and...

  • Posted March 31, 2014
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  NSE market indicators increase further by 1.09%

  Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened on Monday on the upbeat note with the market indicators growing by 1.09 per cent. The News Agency of Nigeria (NAN) reports that the All-Shares Index rose...

  • Posted March 31, 2014
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  Transactions maintain upbeat trend on NSE

  Weekly transactions on the Nigerian Stock Exchange (NSE) on Friday ended on positive note for the fourth consecutive day. The News Agency of Nigeria (NAN) reports that Nestle remained the highest price gainer with N25 to close...

  • Posted March 28, 2014
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  UBA declares N264.7b gross earnings for 2013

  The United Bank for Africa (UBA) has announced gross earnings of N264.7 billion for the financial year ended Dec. 31, 2013. The earnings showed a 20.3 per cent growth over the N220.1 billion recorded in 2012. The...

  • Posted March 28, 2014
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  Shell explains use of trucks to transport crude from spill site at Ikarama in Bayelsa

  The Shell Petroleum Development Company (SPDC) says its use of vacuum trucks to convey crude from oil fields in the Ikarama community of Bayelsa is a measure to clean-up an earlier spill incident. An SPDC Spokesman, Mr...

  • Posted March 28, 2014
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  Upstream investment: NIPCO plans to hit 30,000 oil barrels per day

  The Nigerian Independent Petroleum Company of Nigeria (NIPCO) has commenced its upstream operations with marginal investments in two firms. This is part of initiatives to boost the company’s production to 30,000 barrels per day. The Managing Director,...

  • Posted March 27, 2014
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  Investors stake N6.56bn on 406.179m shares on NSE

  The volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday rose by 78.42 per cent as investors traded 406.179 million shares worth N6.56 billion in 4,358 deals. The News Agency of Nigeria (NAN) reports...

  • Posted March 27, 2014
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  Transactions remain upbeat on NSE

  Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note for the second consecutive day. The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 91.72 points or 0.24...

  • Posted March 27, 2014
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  GNI posts N2.8bn premium income

  Mr Olatokunbo Talabi, the Chairman of Great Nigeria Insurance (GNI), on Wednesday said the company recorded N2.8 billion gross premium income in the financial year ended Dec. 31, 2012. Talabi disclosed this at the company’s 48th Annual...

  • Posted March 26, 2014
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