Latest News

• GTBank completes Migration of Customers to New CBN Numbering Format (NUBAN)

  In accordance with CBN’s recent directive that Nigerian Banks should migrate all customer account Numbers to the new 10-digit Nigerian Uniform Bank Account Number (NUBAN) format by July 2011, Guaranty Trust Bank has fully complied with the...

  • Posted June 14, 2011
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• Oando kicks off consumer promotion

  Oando has commenced a consumer promotion to further generate consumer appeal and boost patronage. The promotion, which is a strategic action plan by the Oando Abule Taylor service station in Lagos State, is designed to promote the...

  • Posted June 11, 2011
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• CBN APPOINTS EXECUTIVE DIRECTORS FOR THREE BANKS

  The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO’s of the affected banks...

  • Posted May 27, 2011
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• Tourist company’s shares hold investors’ interest

  Trading activities in the shares of Tourist Company of Nigeria boosted market volume yesterday as the quantity of shares transacted during the day rose by 169.64 per cent, as against the decline recorded in the last three...

  • Posted May 27, 2011
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• MPC BOOSTS REAL SECTOR: Stresses Need To Unlock the Credit Market

  In tandem with the desire of the Central Bank of Nigeria at ensuring that the financial sector contributes to the real economy as enunciated under the four pillars of the banking reforms, the Monetary Policy Committee (MPC)...

  • Posted May 27, 2011
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• ‘New interest rate will have little effect on stocks’

  The new interest rate announced recently by the nation’s Monetary Policy Committee (MPC) will have little effect on the trading performance at the Nigerian Stock Exchange (NSE), analysts at Cordros Capital, a stockbroking firm, have said. Continue...

  • Posted May 26, 2011
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• Stock market records high turnover, low value

  The Nigerian Stock Exchange (NSE) recorded a high turnover of 2.316 billion shares worth N13.68 billion last week, in contrast to a total of 1.62 billion shares valued at N13.81 billion exchanged in the previous week.Continue reading: Next...

  • Posted May 23, 2011
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  Bears Stunt Stock Market

  THE month of April witnessed the firm grip of the stock market by the bears. Though the bulls made spirited effort to come up the stage, their victory was transient, as the bears sooner upturned them and...

  • Posted May 1, 2011
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  As Ikhazoboh Vacates NSE’s Management…

  PERHAPS, the atmosphere at the Conference Room of the Nigerian Stock Exchange (NSE) on Thursday afternoon could be described as stimulated congeniality. Sitting behind the new helmsman of the foremost investment platform, Oscar Onyema, an elated Emmanuel Ikhazoboh,...

  • Posted May 1, 2011
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• Operators seek $500m lifeline from FG to procure ships

  Indigenous Ship Owners Association of Nigeria says it is seeking a lifeline of $500m (N75bn) from the Federal Government to procure ships. The General Secretary of ISAN, Capt. Niyi Labinjo, told the News Agency of Nigeria in...

  • Posted May 1, 2011
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• Banking industry’s deposit liabilities hit N9.9tn — Report

  The total deposit liabilities of the 24 Deposit Money Banks as at December 31, 2009 stood at N9.99tn. The amount, when compared with the N8.7tn collected in 2008, represented an increase of N1.29tn or 14.83 per cent....

  • Posted May 1, 2011
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  How to secure grants, scholarships for academic programme

  Many young people have had to drop out of schools at critical age and stage when their parents can no longer cope with the burden of school fees, cost of books and other vital things needed to...

  • Posted May 1, 2011
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  Nestle Turnover Hits N82.7bn

  A foremost indigenous food and beverage firm, Nestle Nigeria Plc, has recorded a turnover of N82.726 billion in its financial year of 2010. This was made known during the company’s 42nd Annual General Meeting held at the City Hall, Onikan,...

  • Posted May 1, 2011
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  Promasidor Fetes Orphans with Live Concert

  More than two hundred children from different motherless homes in Lagos got a chance of a lifetime at the weekend when they were given the opportunity to watch the Little Big Club concert, a live show sponsored by Promasidor...

  • Posted May 1, 2011
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