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All posts by BusinessNews Staff

  • Investors exchange 258.69 million shares on Wednesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Wednesday with investors exchanging 258.69 million shares valued at N2.92 billion in 5,109 deals. This was in contrast with the 408.14 million shares valued at...

    • Posted January 29, 2014
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  • FBN Holdings unveils new logo, counts down to 120th anniversary

    FBN Holdings PLC, Nigeria’s largest financial services group, today unveiled a refreshed corporate identity for the entire group, including all its subsidiaries. Designed to reflect the company’s strategic direction and position it to meet the future needs...

    • Posted January 28, 2014
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  • FIRS seals offices of tax defaulters in Yenagoa, rakes in N2m

    Mr Patrick Iroro, Tax Controller, Yenagoa Tax office of Federal Inland Revenue Service (FIRS), said tax defaulters in Yenagoa had paid N2 million arrears after their premises were raided. Iroro told the News Agency of Nigeria (NAN)...

    • Posted January 27, 2014
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  • Investors trade 1.758 billion shares in 5 days

    A turnover of 1.758 billion shares worth N21.024 billion in 28,949 deals were traded last week within 5 days by investors on the floor of the Nigerian Stock Exchange(NSE) in contrast to a total of 1.514 billion...

    • Posted January 27, 2014
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  • TCN says Shiroro power plant repairs to cause load shedding

    The Transmission Company of Nigeria (TCN) on Sunday in Abuja said the Shiroro Power Station would be shut down for three days to rectify some faults in the station. In a statement issued by TCN’s General Manager...

    • Posted January 27, 2014
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  • Nissan to roll out locally made SUV in April

    The Chief Executive Officer of Nissan Motors, Mr Carlos Ghosn, has said that the company will roll-out the first made in Nigeria 4 X 4 Utility SUV in April. Ghosn said this at a meeting with President...

    • Posted January 25, 2014
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  • Market cap loses N12billion on Friday

    Transactions at the Nigerian Stock Market, on Friday ended on a bearish trend as the market capitalisation of listed entities closed lower at N13.432 trillion losing by N12 billion or 0.09 percent when compared with Thursday’s closing...

    • Posted January 24, 2014
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  • Our automotive policy will lead to rapid development of Nigeria’s automobile industry – Jonathan

    President Goodluck Jonathan said Thursday in Davos, Switzerland that his Administration is fully committed to rapidly developing Nigeria’s automobile industry through the diligent implementation of the country’s new national automotive policy. Speaking at a meeting with the...

    • Posted January 23, 2014
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  • NSE ASI inches up by 1.18% on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with the All Share Index, ASI, rising to 41,957.50 basis points gaining by 487.56 points or 1.18 percent from Wednesday’s closing figure of 41,469.94...

    • Posted January 23, 2014
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  • Boyo blames CBN on management of excess liquidity

    An economist, Mr Henry Boyo, on Thursday urged the Central Bank of Nigeria (CBN) to find lasting solution to the management of excess cash in circulation. He warned the CBN to desist from the regular review of...

    • Posted January 23, 2014
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