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All posts by BusinessNews Staff

  • Strike: CAC, workers meeting ends in deadlock

    The peace-seeking meeting held yesterday, between management of the Corporate Affairs Commission (CAC) its workers union, ended in a deadlock. Speaking with newsmen, Vice Chairman of the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational...

    • Posted October 6, 2013
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  • EFCC, NSE sign MoU to fight fraud in capital market

    The Economic and Financial Crimes Commission (EFCC) and the Nigerian Stock Exchange (NSE) on Friday expressed their preparedness to check fraud in the Nigerian capital market. The management of the two institutions made the pledge in Lagos...

    • Posted October 5, 2013
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  • Stock Market Watch: NSE ASI dips by 0.91% on Friday

    Trading on the floor of the Nigerian Stock Exchange, NSE, ended this week with the All Share Index, ASI, depreciating by 0.91 percent or 340.86 points to close Friday at 36,925.82 basis points lower than Thursday’s 37,266.68...

    • Posted October 4, 2013
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  • Wema Bank ready to secure national banking licence – MD

    Mr Segun Oloketuyi, Managing Director of Wema Bank, says the bank will soon secure a national banking licence following successful completion of N40 billion special placement. Oloketuyi disclosed this in a statement issued by the bank and...

    • Posted October 4, 2013
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  • NSE lists 26 dealing members involved in unauthorised share sales

    The Nigerian Stock Exchange, NSE, has listed 26 dealing member firms involved in unauthorised sales of investors’ shares between January 2012 and September 2013. A run down of the list showed that the cases of 14 firms...

    • Posted October 4, 2013
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  • Tin-Can Island Customs generates N23bn revenue

    The Tin-Can Island Command of the Nigeria Customs Service says it generated N23.3 billion in September from the N23.6 billion it realised in August. The Area Comptroller of the Command, Jibrin Alkali, made this known to the...

    • Posted October 4, 2013
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  • FG to sell 10 National Integrated Power Plants – Jonathan

    President Goodluck Jonathan on Thursday said that all the 10 National Integrated Power Plants (NIPPs), being built by the Federal Government, would be sold to private investors. The president said this at Geregu in Kogi, during the...

    • Posted October 4, 2013
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  • NIPPs are properties of federal, state and local governments – Olotu

    Mr James Olotu, the Managing Director of Niger Delta Power Holding Company Ltd (NDPHC), on Thursday said that the National Integrated Power Projects (NIPPs) were properties of the three tiers of government. Olotu said this during the...

    • Posted October 4, 2013
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  • NSE ASI gains 0.97% on Thursday

    Transactions at the stock market continued on an impressive note on Thursday as the NSE All Share Index gained 0.97 percent or 358.62 points to close at 37,266.68 basis points as against the 36,908.06 basis points of...

    • Posted October 3, 2013
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  • ETI appoints Ex-ILO president to investigate allegation of accounts misrepresentation

    ECOBANK Transnational Incorporated, ETI, has notified the Nigerian Stock Exchange, NSE, of the appointment of Justice Monsieur Seydou Ba, the former President of the International Labour Organisation, ILO, to independently investigate the allegations of misrepresentation of its...

    • Posted October 3, 2013
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