Don't Miss


All posts by BusinessNews Staff

  • RMAFC concludes work on new revenue formula

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Thursday said the commission had concluded work on a new revenue formula for the country. This information is contained in a statement signed by Mr Zubairu Dada, the...

    • Posted December 21, 2013
    • 0
  • Jaiz Bank recorded operating loss of N1.07billion in 2012

    Jaiz Bank recorded an operating loss of N1.07 billion in 2012, Alhaji Umaru Mutallab, the Chairman, Board of Directors of the bank, said on Thursday in Abuja. Mutallab, who made this known at the maiden Annual General...

    • Posted December 21, 2013
    • 0
  • Investors trade 698.89million shares on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Friday with investors trading 698.89 million shares valued at N4.91 billion in 4,478 deals. This was in contrast with the 714.20 million shares valued at...

    • Posted December 21, 2013
    • 0
  • Mixed reactions trail SEC’s new capital requirement for Market operators

    Some capital market operators on Thursday expressed mixed reactions to the new capital requirements for operators released by the Securities and Exchange Commission (SEC). Some of them in an interview with the News Agency of Nigeria (NAN)...

    • Posted December 20, 2013
    • 0
  • Nigeria can begin rice exportation in 2014 – Official

    Mr Olusegun Olatokun, the acting Director-General of the National Agricultural Seeds Council, said on Thursday that Nigeria had the capacity to begin rice exportation in 2014. Olatokun told the News Agency of Nigeria (NAN) in Abuja that...

    • Posted December 19, 2013
    • 0
  • Investors trade 424.88 million shares on Wednesday

    Transactions at the Nigerian Stock Market ended on Wednesday with investors trading 424.88 million shares valued at N3.73 billion in 4,803 deals. This was in contrast with the 622.47 million shares valued at N4.22 billion that was...

    • Posted December 19, 2013
    • 0
  • Oil workers threatens nationwide strike from January 1

    The country should prepare itself for another round of industrial action, as oil workers say they woud embark on a nationwide strike as from January 1, 2014. Speaking in Abuja yesterday, National President of Petroleum and Natural...

    • Posted December 18, 2013
    • 0
  • GTBank adjudged 2013 ‘Pan Africa Most Innovative Bank’

    With its continuous innovation in the banking industry, Guaranty Trust Bank Plc (GTB) has been adjudged the “Most Innovative Bank” in Africa. GTB grabbed the award at the 2013 EMEA Finance Awards Dinner, which held on December...

    • Posted December 18, 2013
    • 0
  • NSE ASI dips by 1.42% on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Tuesday on a bearish note as the All Share Index, ASI, dipped by 564.97 points or 1.42 percent to close lower at 39,130.37 basis points when...

    • Posted December 17, 2013
    • 0
  • Enterprise Bank employees give management 3-day ultimatum

    The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has given the management of Enterprise Bank a three-day ultimatum to reverse its unfair labour practices or face its wrath. The President of ASSBIFI, Mr...

    • Posted December 17, 2013
    • 0