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All posts by BusinessNews Staff

  • Market cap gains N125 billion on Tuesday

    The bullish trend continued at the stock market on Tuesday with the market capitalisation of listed entities closing at N12.234 trillion to appreciate by N125 billion or 1.03 percent as against Monday’s closing figure of N12.109 trillion....

    • Posted November 12, 2013
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  • NNPC rejects allegations of sharp practices in crude oil sales

    The management of NNPC on Sunday denied a report by a Swiss-based agency which accused the corporation of colluding with some local and international oil traders to execute unfair industry practices. Ms Tumini Green, the Acting Group...

    • Posted November 12, 2013
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  • Bayelsa to acquire 100MW gas turbine to boost power generation

    The Bayelsa Government says it will soon acquire a 100 megawatts gas turbine to enhance power generation, as part of efforts to boost electricity supply in the state. A statement by Mr Daniel Iworiso-Markson, the Chief Press...

    • Posted November 12, 2013
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  • 66 bidders applied to buy 10 national integrated power plants – Nebo

    No fewer than 66 bidders on Monday in Abuja submitted applications to buy 10 national integrated power plants built by the Niger Delta Power Holding Company (NDPHC) Ltd. The Minister of Power, Prof. Chinedu Nebo, listed the...

    • Posted November 12, 2013
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  • Investors trade 279.47 million shares on Monday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Monday with investors trading 279.47 million shares valued at N3.58 billion in 4,506 deals. This was in contrast to the 282.75 million shares worth N6.19...

    • Posted November 11, 2013
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  • Market Cap gains N33 billion in 5 days

    The market capitalisation of entities on the main board closed higher last Friday at N12.100 trillion thus appreciating by N33 billion or 0.28 percent when compared with the preceding week’s closing figure of N12.067 trillion. The NSE...

    • Posted November 11, 2013
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  • NSCDC destroys 7 illegal refineries in Edo

    The Nigeria Security and Civil Defence Corps (NSCDC), Edo Command, said it destroyed seven illegal refineries in the state, between Jan. and Nov. 2013. The Commandant of the corps in the state, Mr Chike Ikpeawonwu, disclosed this...

    • Posted November 10, 2013
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  • Ethiopian Airlines to start 10 weekly flights to Kano

    The Ethiopian Airlines is to begin 10-weekly flights to Kano, Nigeria, within the next few weeks, following an agreement between Nigeria and Ethiopia. Col. Wesenyeleh Hunegnaw, the Director-General of the Ethiopian Civil Aviation Authority (ECAA), told newsmen...

    • Posted November 10, 2013
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  • New Ayede sub-station: Nebo calls for protection against vandalism

    The Minister of Power, Prof. Chinedu Nebo, on Saturday in Ibadan called on all concerned power consumers to protect the new Ayede 330/132 KV sub-station from vandals. The minister made the call during the formal commissioning of...

    • Posted November 10, 2013
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  • Market cap loses N81 billion on Friday

    The last trading day at the stock market ended on a bearish note as the market capitalisation of entities on the main board closed lower at N12.100 trillion losing by N81 billion or 0.67 percent when compared...

    • Posted November 8, 2013
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