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All posts by BusinessNews Staff

  • Government assures brokers of patronage

    The government s of Ondo and Ekiti States have pledged their continued patronage of insurance to brokers. The Ekiti State Head of Service, Mr Bunmi Famosanya,  gave the assurance when a delegation of the Nigerian Council of...

    • Posted March 30, 2011
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  • Customers embrace Oceanic micro health insurance scheme

    Holders of Oceanic Micro Savings Account (OMSA), a product being offered by Oceanic Bank International Plc, have commended the financial institution for introducing access to health insurance schemes as part of the benefits of owning OMSA accounts...

    • Posted March 30, 2011
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  • Dearth of facilities, bane of capital market growth -Chioke

    Except the Federal Government makes concerted efforts to improve infrastructure in the country, the growth of the capital market will continue to be impeded,  Managing Director of Afrinvest (West Africa) Limited, a leading financial services provider in...

    • Posted March 30, 2011
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  • Shareholders decry Union Bank, ACA’s $750m recapitalisation agreement

    The recapitalisation agreement recently embarked upon by Union Bank with African Capital Alliance (ACA) may be heading for the rocks, as shareholders of the bank have described the move as an exercise in futility. The shareholders said...

    • Posted March 30, 2011
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  • Private sector to challenge National Assembly over 2011 budget

    The organised private sector has vowed to challenge the insistence of the National Assembly that the 2011 budget be implemented as passed by it. Frank Nweke , the director general and chief executive of the Nigeria Economic...

    • Posted March 30, 2011
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  • Group Five hopes to build $728m solar plant

    South African construction firm, Group Five, may construct a 5 billion rand solar plant to supply power utility, Eskom, with first power seen in two years, a company official said on Tuesday. “We hope to be producing...

    • Posted March 30, 2011
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  • Shareholders laud Exchange Commission

    The newly launched code of corporate governance for quoted companies at the Nigerian Stock Exchange has been welcomed by investors. While some market watchers say the various regulations by the Securities and Exchange Commission (SEC) to restore...

    • Posted March 30, 2011
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  • NSE’s market capitalisation slides further by N71b

    DESPITE improved corporate performance recorded by some bluechip companies, price losses, yesterday, outweighed gains on the trading floor of the Nigerian Stock Exchange (NSE), resulting to a further slide in market capitalisation by N71 billion. Volume of...

    • Posted March 29, 2011
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  • Fidelity rolls out finance support scheme for medical doctors

    FIDELITY Bank Plc has rolled out an interventionist product that is intended to provide a solid financial backbone for effective medical practice in Nigeria and restore confidence into the nation’s healthcare delivery system. The product, called, Fidelity...

    • Posted March 29, 2011
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  • Investors abandon equities for bonds

    Investors have continued to seek safe haven in bonds over equities, as trading activities at the bond market now increases on a weekly basis. Available data at the Nigerian Stock Exchange (NSE) showed that a turnover of...

    • Posted March 29, 2011
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