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All posts by BusinessNews Staff

  • Zenith Bank posts N95.32bn profit, declares N1.75 dividend

    Zenith Bank has posted a profit after tax of N95.32 billion for the financial year ended Dec. 31, 2013. The report is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) in Lagos...

    • Posted March 11, 2014
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  • Transactions on NSE rally on bullish note

    Equity transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a bullish note as some blue chips sustained price rally. The News Agency of Nigeria (NAN) reports that Guinness led the gainers’ chart with N8.27...

    • Posted March 11, 2014
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  • SEPLAT, indigenous oil company set for dual listing on NSE, LSE

    SEPLAT Petroleum Development Company PLC, an indigenous oil and gas company has announced its intention to float its shares on both the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE). A statement from the company on...

    • Posted March 11, 2014
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  • Governor Obi orders 24-hour patrol at Orient Refinery

    Gov. Peter Obi of Anambra has ordered a 24-hour patrol and surveillance at the Orient Petroleum Resources Plc at Aguleri-Otu in Anambra East Local Government Area. The order came on the heels of a recent attack on...

    • Posted March 11, 2014
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  • NSE: Thursday trading closes on bearish note

    Activities on the Nigerian Stock Exchange (NSE) closed lower on Thursday as transactions dropped both in value and volume terms. The value of shares traded dropped by 21.64 per cent, whiles the volume of shares declined by...

    • Posted March 6, 2014
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  • Blue chips drop price on NSE

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

    • Posted March 6, 2014
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  • Investors stake N4.8bn on 341.165m shares on NSE

    Investors on the Nigerian Stock Exchange (NSE) on Tuesday exchanged 341.165 million shares worth N4.8 billion in 4,993 deals. The News Agency of Nigeria (NAN) reports that this was in contrast to the 239.864 million shares worth...

    • Posted March 4, 2014
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  • NSE to reduce trade alert annual transaction cost by N1.24bn

    The Nigerian Stock Exchange (NSE) on Tuesday said it would reduce trade alert transaction cost by N1.24 billion from March 2014. The NSE notice was contained in a statement issued in Lagos and obtained by the News...

    • Posted March 4, 2014
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  • Bank of Industry expresses concern over inaccessible loan

    Nigeria’s Bank of Industry, BOI, on Tuesday blamed the inability of entrepreneurs to access its loan facilities on the difficulty in obtaining Governor’s consent to mortgage property to be used as collateral. Managing Director of the bank,...

    • Posted March 4, 2014
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  • NSE market indicators rise despite drop in turnover

    Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday with the market indices growing marginally by 0.01 per cent. The News Agency of Nigeria (NAN) reports that All-Shares Index rose by...

    • Posted March 3, 2014
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