All posts by Ifreke Inyang

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  Capital market operators back compulsory listing of top firms

  Capital market operators have expressed support for a bill seeking to compel top private firms to list their shares on the Nigerian Stock Exchange. According to the operators, who spoke to our correspondent, such a bill is...

  • Posted August 2, 2014
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  FG’s 10,000 low-cost housing scheme takes off

  The Federal Government on Thursday officially commenced the first phase of its 10,000 housing units under the Affordable Home Ownership Scheme. The project, to be spearheaded by the newly established Nigerian Mortgage Refinancing Company, will enable the...

  • Posted August 2, 2014
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  Robust financial sector crucial to economic growth –ACCA

  The Association of Chartered Certified Accountants, the global body for professional accountants, has said that a robust, transparent and reliable financial sector is crucial to economic growth. It also emphasised the role of professional accountants in building...

  • Posted August 2, 2014
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  SON, Service providers to deploy technology to shut down fake phones remotely

  The Standards Organisation of Nigeria (SON) yesterday stated that it was working with service providers to deploy technology that would automatically shut down any phone that does not meet the basic quality requirement of the Nigeria Industrial...

  • Posted August 2, 2014
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  Banks may reduce dividend payout

  In order for Nigerian banks to retain more capital going forward, some will either reduce dividend payout ratios or float rights issues, a report has stated. Another alternative, according to the report is for the financial institutions...

  • Posted August 1, 2014
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  Union Bank recovers N3.5bn loans in six months

  Union Bank of Nigeria Plc has recovered N3.5 billion loans in the first half of 2014, showing  a significant improvement compared to the N1.5 billion recovered in the corresponding period of 2013. The Chief Financial Officer of...

  • Posted August 1, 2014
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  Diamond Bank to raise N50.37bn from rights issue

  Diamond Bank says it has concluded arrangements to raise N50.37bn through a rights issue. The bank said the development followed the approval it received from shareholders at its Annual General Meeting on April 24. According to a...

  • Posted August 1, 2014
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  CBN to withdraw BDCs’ licences as deadline elapses

  As the deadline fixed for Bureau De Change  (BDC) operators to comply with the new capital requirements ends today, defaulting firms will have their operating licences revoked by the Central Bank of Nigeria (CBN), THISDAY learnt thursday....

  • Posted August 1, 2014
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  Oando lead gainers on acquisition of ConocoPhillips

  Investors on the floor of the Nigerian Stock Exchange (NSE) yesterday swooped on the shares of Oando Plc as news hit the market that the company has completed the acquisition of ConocoPhillips. At the close of trading...

  • Posted August 1, 2014
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  Market capitalisation rises by N28bn

  Equities rose on Wednesday, the first trading day of the week following the public holiday, to lift major market indices. For instance, the market capitalisation of the listed equities rose by N28bn or 0.2 per cent from...

  • Posted August 1, 2014
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