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All posts by BusinessNews Staff

  • Bureau De Change operators laud new measures on Forex

    The Association of Bureau De Change (BDC) Operators of Nigeria on Tuesday said that the new foreign exchange measures of the Central Bank of Nigeria (CBN) would sanitise the money market. A statement issued in Lagos by...

    • Posted October 8, 2013
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  • N10.9b theft charge: Court refuses to discharge ex-Finbank chiefs

    An Ikeja High Court on Tuesday dismissed the no-case submissions filed by a former Managing Director of Finbank Plc, Okey Nwosu, and three others. Nwosu and the three former directors — Dayo Famoroti, Danjuma Ocholi and Agnes...

    • Posted October 8, 2013
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  • 19 petroleum products-laden ships berth at Lagos ports

    Nineteen ships laden with different petroleum products have arrived at the ports in Lagos, according to the Nigerian Ports Authority (NPA). NPA, in its daily publication, “Shipping Position’’ obtained by the News Agency of Nigeria (NAN), said...

    • Posted October 8, 2013
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  • FG to refloat Nigerian National Shipping Line – Official

    Mr Leke Oyewole, the Senior Special Assistant to the President on Maritime, says Federal Government plans to re-establish another national shipping line to boost employment in the sector. Oyewole told the News Agency of Nigeria (NAN) in...

    • Posted October 8, 2013
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  • NSE commences 2013 annual competition for students

    The Nigerian Stock Exchange, NSE, has officially kicked off its 12th Annual National Essay Competition with the call for entries in secondary schools across the six geo-political zones of the country. A press statement from the bourse...

    • Posted October 8, 2013
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  • Investors trade 309.88 million shares on Monday

    Trading on the floor of the Nigerian Stock Exchange, NSE, ended Monday with investors trading 309.88 million shares worth N4.14 billion in 4,277 deals as against the 536.94 million shares valued at N2.53 billion that was exchanged...

    • Posted October 7, 2013
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  • Market Cap gains N155billion in four days

    The market capitalization of the equities on the main board appreciated by N155 billion or 1.34 percent within a space of four days to close last Friday at N11.761 trillion as against the N11.606 trillion figure recorded...

    • Posted October 7, 2013
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  • CAC staff suspend strike, resumes work Monday

    Staff of the Corporate Affairs Commission (CAC) on Sunday suspended their strike over non-payment of an agreed 35 per cent salary increase by the commission. The suspension followed agreements reached by the CAC management and the workers...

    • Posted October 7, 2013
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  • Federation Account: NNPC denies owing N2.3trillion

    The management of Nigerian National Petroleum Corporation, NNPC, has reacted to a statement credited to Edo state governor, Adams Oshiomhole that the Corporation owes the Federation Accounts N2.3 trillion. In a statement issued in Abuja on Sunday...

    • Posted October 7, 2013
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  • Nigeria’s economy is weak – CBN Deputy Governor

    The Deputy Governor ( financial system stability), Central Bank of Nigeria, CBN, Dr. Kingsley Chinedu Moghalu has blamed most of the challenges facing the country on an ailing education sector. Moghalu stated this on Saturday at the...

    • Posted October 6, 2013
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