All posts by BusinessNews Staff

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  SEC grants NASD approval -in – principle to operate OTC market

  The Securities and Exchange Commission (SEC) has granted NASD Limited an Approval-in- Principle to operate Over-the- Counter market. Chairman of NASD, Mr Olutola Mobolurin, who disclosed this, said the company plans to launch an Over-the-Counter (OTC) trading...

  • Posted March 30, 2011
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  MPR review: Contraction in real sector lending likely – Afrinvest

  The recent upward review on the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) will have an effect on lending rates with further restrictions to net private sector credit flows, in addition to the...

  • Posted March 30, 2011
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  Musician wants FG to make entertainment industry contribute to economy

  Lagos –  Mr Cohbams Asuquo, Director Cohbams Asuquo Music Production, has asked the Federal Government to make the entertainment industry a viable contributor to the nation’s economy. Asuquo said on Tuesday in Lagos that the government needs...

  • Posted March 30, 2011
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  2011 Kia Sorento, an all-round car

  Sorento is a mid-size crossover Sport Utility Vehicle produced since 2002 by the South Korean automaker, Kia Motors Corporation. As in virtually all vehicle models, the internet is replete with auto reviewers’ comments on the new Kia...

  • Posted March 30, 2011
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  Creating streams of income from child care centres

  A day care centre provides a temporary but secure place, where children aged between five months and eight years can be cared for while their parents study, attend appointments or carry out other tasks. It is also...

  • Posted March 30, 2011
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  First Bank: Court Orders Reinstatement of Sacked Manager

  Justice Owolabi Dabiri of the Lagos High Court has ruled that the termination of the employment of Mrs. Funmi Oyetunji ,  a Senior Manager , by First Bank of Nigeria Plc,  was wrong and of no legal...

  • Posted March 30, 2011
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  Ad Practitioners Task Operators on Modern Approach

  In order to compete very well on the global scene, Nigerian advertising practitioners have been tasked on the need to brace up and incorporate the modern day technology and approach into their operations. Stakeholders who spoke at...

  • Posted March 30, 2011
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  Diamond Bank Records N27.6bn Profit

  Diamond Bank Plc’s Group audited results for the 12 months ended 31 December 2010 has shown that the bank sustained its growth in operating profit which improved by 12 per cent to N27.6 billion in the year...

  • Posted March 30, 2011
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  SEC Gets Support on Corporate Governance Code

  Stakeholders in the nation’s capital market have thrown their weight behind the new  Code of Corporate Governance  issued by  the Securities and Exchange Commission (SEC) for listed companies, which would become effective on Friday, April 1, 2011....

  • Posted March 30, 2011
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  Stocks May Close Higher Despite Election Fever

  Despite the  bear run at the stock market  and anxiety  among the investors created by uncertainties over  the general elections, the nation’s stock market  will close positively going by  its performance during past election years. The market...

  • Posted March 30, 2011
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