All posts by BusinessNews Staff

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  Cost surge under new Google CEO unnerves Street

  Google Inc’s stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.     Shares of Google slid more...

  • Posted April 15, 2011
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  Stockbrokers reject commission’s appointment of council members

  Just as calm seems to be returning to the capital market, a quiet war is brewing as stockbrokers have kicked against the decision of the Securities and Exchange Commission (SEC) to appoint members into the council of...

  • Posted April 15, 2011
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  World Bank boosts Nigeria power reform

  The Nigeria power reform bid has received a boost as the World Bank has provided the needed guarantee to prospective private investors that are interested in the power sector. This became imperative as the Federal Government with...

  • Posted April 14, 2011
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  WDAS: CBN sells $3.3bn in March

  LAGOS — The Central Bank of Nigeria, CBN, sold $3.386 billion worth of foreign exchange at the Wholesale Dutch Auction System, WDAS, in the month of March, even as it promised to maintain the three per cent...

  • Posted April 14, 2011
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  RT Briscoe declares 10k dividend

  RT Briscoe Plc has declared a dividend of 10kobo per share for the year ended December 31, 2010. The automobile company also proposed a bonus of one share for every five shares originally held by investors. In...

  • Posted April 14, 2011
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  IPMAN remains a united body – President

  The Independent Petroleum Marketers Association of Nigeria has said it remained a united body charged with responsibility of ensuring effective distribution and supply of petroleum products to its members. National President of IPMAN, Alhaji Abdulkadri Aminu, said...

  • Posted April 14, 2011
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  CAMAC announces higher reserves estimate in OMLs 120,121

  A new York-Exchange listed oil firm, CAMAC Energy, largely owned by Nigerian born Kase-Lawal, has announced a higher estimate of oil reserves in two of its offshore blocks in Nigeria, than earlier projected, Empowered Newswire reports. A...

  • Posted April 14, 2011
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  Emerging economies facing increased financial imbalances – IMF

  The International Monetary Fund has said that the main challenge facing emerging economies is accumulation of financial imbalances to maintain financial stability and avoid future crises. This observation was contained in its latest edition of Global Financial...

  • Posted April 14, 2011
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  CBN offers $300m at forex auction

  The Central Bank of Nigeria on Wednesday intervened in the foreign exchange market as it offered $300m for sale at the foreign exchange auction. The Central Bank of Nigeria in a statement on its website, said, “Further...

  • Posted April 14, 2011
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  Brokers seek clarification on NSE demutualisation

  Market operators have sought a clarification of the planned demutualisation process of the stock market. Demutualisation of the stock exchange transforms the market from a member-owned company to a shareholder-owned exchange, moving it from private to public...

  • Posted April 14, 2011
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