All posts by BusinessNews Staff

• 
  Fishermen in Akwa Ibom demand N250bn compensation from oil company

  Fishermen in Unyenge community, Mbo Local Government Area of Akwa Ibom, have demanded N250 billion compensation from an oil company, Universal Energy Resources Ltd. (UERL). The fishermen told the News Agency of Nigeria (NAN) in Mbo on...

  • Posted October 27, 2013
  • 0
• 
  Union Bank announces CBN’s approval of divestment plans

  Union Bank of Nigeria today reported to the Nigerian Stock Exchange that it has received from the Central Bank of Nigeria (CBN) the approval to go ahead with its plans for complying with CBN’s Regulation 3 on...

  • Posted October 26, 2013
  • 0
• Stock Market Watch: ASI down by 0.4% on Friday

  The last trading day of the week at the Nigerian Stock Market ended on a negative note as the All Share Index, ASI, dipped by 149.71 points or 0.4 percent to close at 37,461.94 basis points lower...

  • Posted October 25, 2013
  • 0
• 
  GTB profit hits N82billion in nine months

  Guaranty Trust Bank, GTB, Plc has announced a Profit Before Tax, (PTB) of N82.36 billion for the nine months ended September 30, 2013. The figure according to a statement made available to the Nigerian Stock Exchange, NSE,...

  • Posted October 25, 2013
  • 0
• 
  Jonathan write NASS to include $200m in 2012-2014 borrowing plan for Lagos

  President Goodluck Jonathan on Thursday urged the National Assembly to include the Lagos State Development Policy Operation (DPO) of 200 million US Dollars into the 2012-2014 Medium Term Borrowing Plan (MTBP) The fund, according to him, forms...

  • Posted October 25, 2013
  • 0
• 
  Onne FTZ attracts fresh N32bn investment

  Dr Olusegun Aganga, the Minister of Industry, Trade and Investment on Thursday said 200 million dollars (N32 billion) had been invested in Onne Oil and Gas Free Trade Zones (FTZ). Aganga, who stated this at an oil...

  • Posted October 25, 2013
  • 0
• 
  NSE boss says X-GEN trading platform has benefited capital market

  Mr Oscar Onyema, the Chief Executive Officer, Nigerian Stock Exchange (NSE), has said that the newly inaugurated X-GEN trading platform had benefited the capital market immensely. Onyema told the News Agency of Nigeria (NAN) on Thursday in...

  • Posted October 25, 2013
  • 0
• 
  Stock Market Watch: ASI gains 0.54% on Thursday

  Transactions on the floor of the Nigerian Stock Exchange, NSE, ended Thursday with the All Share Index, ASI, appreciating by 203.09 points or 0.54 percent to close for the day at 37,611.65 basis points as against Wednesday’s...

  • Posted October 24, 2013
  • 0
• 
  IFC collaborates with Diamond Bank on $33m agric sector lending

  The International Finance Corporation, IFC, a member of the World Bank Group, has expressed its readiness to collaborate with Diamond Bank Plc through provision of advisory services in helping the bank increase access to finance in Nigeria’s...

  • Posted October 24, 2013
  • 0
• 
  Stock Market Watch: Market cap gains N13billion on Wednesday

  The bullish trend continued at the stock market on Wednesday as the market capitalisation of equities on the main board climbed to N11.952 trillion gaining N13 billion or 0.11 percent from Tuesday’s closing figure of N11.939 trillion....

  • Posted October 23, 2013
  • 0