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All posts by BusinessNews Staff

  • Stock Market Watch: Market cap gains N22billion on Monday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a bullish note on Monday as the market capitalisation of equities on the main board gained N22 billion or 0.19 percent to close at N11.804...

    • Posted October 14, 2013
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  • Stock Market Watch: Indices rise by 0.09% on Friday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended this week on a positive note as the All Share Index, ASI, rose to 36,991.62 basis points away from Thursday’s closing figure of 36,962.63 basis points...

    • Posted October 11, 2013
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  • Techno Oil unveils 20 mega stations nationwide

    Techno Oil Ltd has started inaugurating its 20 new mega filling stations in cities nationwide to make petroleum products readily available to consumers. Mr Ken Abazie, the Head of Strategy/Legal Department of the company, disclosed this at...

    • Posted October 11, 2013
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  • Investors trade 308.07 million shares on Thursday

    Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on Thursday with investors trading 308.07 million shares worth N2.09 billion in 4,305 deals as against the 288.02 million shares valued at N2.38 billion which exchanged...

    • Posted October 10, 2013
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  • Dagogo-Jack gives reasons for delay in payment of PHCN workers’ benefits

    The Chairman, Presidential Task Force on Power, Chief Reynolds Dagogo- Jack, on Wednesday attributed the delay in payment of severance benefits to PHCN workers to due process. Dagogo-Jack stated this in an interview with the News Agency...

    • Posted October 10, 2013
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  • Stock Market Watch: ASI rises by 0.96% on Wednesday

    The bullish trend continued Wednesday at the stock market as the All Share Index, ASI, gained 355.13 points or 0.96 percent to close at 37,259.65 basis points higher than Tuesday’s closing figure of 36,904.52 basis points. The...

    • Posted October 9, 2013
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  • FMBN step up loan recovery drive from PMIs

    The Federal Mortgage Bank of Nigeria, FMBN, has disclosed that it has step up its drive to recover loans from its clients including Primary Mortgage Institutions, PMIs. The Chairman of the Bank’s Board of Directors, Chief Bisi...

    • Posted October 9, 2013
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  • Nissan, Stallion sign Nigeria assembly deal

    The Renault-Nissan Alliance and West African conglomerate, Stallion Group, have signed a preliminary agreement to start vehicle assembly in Nigeria. Carlos Ghosn, the Chief Executive of Nissan and Renault, said in a statement on Wednesday in Lagos....

    • Posted October 9, 2013
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  • FG slashes business registration fees by 50%

    The Federal Government has slashed business registration fees in Nigeria by 50 per cent to encourage investors to invest in the country. The Minister of Industry, Trade and Investment, Dr Olusegun Aganga, said this in a statement...

    • Posted October 9, 2013
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  • Tambuwal decries misappropriation of cabotage funds

    The Speaker of the House of Representatives, Alhaji Aminu Tambuwal, on Tuesday in Abuja decried the misappropriation of the cabotage vessel financing funds. Tambuwal made this observation at an investigative hearing organised by the House of Representatives...

    • Posted October 8, 2013
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