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All posts by BusinessNews Staff

  • Bank employee charged with disbursing N27.9m to ghost customers

    A 30-year-old employee of a Micro finance Bank, who allegedly disbursed N27.9 million loans to ghost customers, on Thursday appeared before a Yaba Magistrates’ Court in Lagos. Michael Atebo, who resides at No. 14, Akin St., Ikeja,...

    • Posted November 21, 2013
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  • Osun Government signs MoU with International Breweries

    Gov. Rauf Aregbesola of Osun on Thursday signed a Memorandum of Understanding (MOU) with the management of International Breweries in Ilesa aimed at expanding the company’s activities. Aregbesola, while signing the MoU in Osogbo, said that the...

    • Posted November 21, 2013
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  • Oando constructs jetty in Apapa port

    Oando Terminals Ltd. on Wednesday said it had started constructing a jetty in Apapa to provide more efficient platform to deliver petroleum products to oil marketers. The company said in a statement in Lagos issued by its...

    • Posted November 21, 2013
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  • NUPENG advises FG against sale of refineries

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday advised the Federal Government against the planned sale of the nation’s refineries. The Lagos Zonal Chairman of NUPENG, Mr Tokunbo Korodo gave the advice in...

    • Posted November 21, 2013
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  • Investors trade 346.59 million shares for Q3 2013

    The Nigerian Stock Exchange, NSE, has disclosed that the average daily volume of shares traded by investors across all products for the third quarter of 2013 was 346.59 million units. Information gathered from the Q3 2013 fact...

    • Posted November 21, 2013
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  • FEC approves $100m loan for power in three states

    The Federal Executive Council on Wednesday approved a loan of 100 million dollars (about N15.7 billion) from Indian Import Export Bank to boost power supply in three states. Dr Yerima Ngama, the Minister of State for Finance,...

    • Posted November 21, 2013
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  • Market cap gains N179billion on Wednesday

    The bullish trend at the stock market continued on Wednesday with the market capitalisation of listed entities closing higher at N12.415 trillion appreciating by N179 billion or 1.46 percent when compared with Tuesday’s closing figure of N12.236...

    • Posted November 21, 2013
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  • CBN seeks increase in Nigeria’s external reserve

    The Central Bank of Nigeria (CBN) has urged the Federal Government to increase the country’s external reserves. The CBN Governor, Mr Lamido Sanusi, made the call at a news briefing after the bank’s Monetary Policy Committee (MPC...

    • Posted November 20, 2013
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  • Investors trade 786.39 million shares on Tuesday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Tuesday with investors trading 786.39 million shares valued at N4.85 billion in 5,211 deals. This was in contrast to the 862.69 million shares worth N5.71...

    • Posted November 19, 2013
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  • NSE ASI inches up by 0.45% on Monday

    The first trading day at the stock market ended on a bullish note as the NSE All Share Index, ASI, inched up by 170.22 points or 0.45 percent to close on Monday at 38,053.75 basis points as...

    • Posted November 18, 2013
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