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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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  • FG gets N100bn from EU for development

    The Federal Government said on Wednesday that it had secured a fresh funding of about N100bn for developmental projects over the next five years from the European Development Fund. The immediate past Supervising Minister for National Planning,...

    • Posted August 1, 2014
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  • Inactive operators control 727,147 telephone lines

    Telecommunications operators who had been declared inactive by the industry regulator, the Nigerian Communications Commission, controlled 727,147 telephone lines as of March 31, investigations have shown. Although the number of lines controlled by the inactive operators seems...

    • Posted August 1, 2014
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  • FG hands over trading point meters to power firms

    The Federal Government on Thursday officially handed over the electricity trading point meters to market participants in the nation’s power sector. The handing over ceremony, which was done simultaneously nationwide, began in Abuja at a ceremony conducted...

    • Posted August 1, 2014
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  • Standard Chartered raises commitment to ‘Power Africa’ to $5bn

    Standard Chartered Bank has said it has increased its commitment to the ‘Power Africa’ initiative by raising its pledge from $2 billion to $5 billion, after reaching its initial commitment in 12 months. The bank had during...

    • Posted August 1, 2014
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  • Sarumi elected 5th president of Nigerian Chamber of Shipping

    The Former Managing Director, Nigerian Ports Authority (NPA), Chief Adebayo Sarumi, has been elected as the 5th President of the Nigerian Chamber of Shipping (NCS). Sarumi had served as the Managing Director of NPA from Oct. 15,...

    • Posted July 31, 2014
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  • FG
    FG calls for trucks’ holding bay in Lagos

    The Federal Government on Tuesday, urged Lagos State to build permanent holding bay for trucks and tankers to park, to ease the logjam around Apapa area of the State. The Minister of State for Defence, Musiliu Obanikoro,...

    • Posted July 31, 2014
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  • Oando acquires ConocoPhilips for $1.5bn

    Oando Plc on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for 1.5 billion dollars (about N2.3 trillion). The News Agency of Nigeria (NAN) reports that Oando announced the acquisition in...

    • Posted July 31, 2014
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  • NSE to introduce Nigerian Depository Receipts

    The Nigerian Stock Exchange is planning to introduce Nigerian Depository Receipts (NDRs)  as part of its efforts to satisfy  the investment needs of investors in the Nigerian capital market. Depository Receipts (DRs) are negotiable securities that generally...

    • Posted July 31, 2014
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  • Nigerian real estate market valued at N6.4trillion

    Following rising demand for commercial space and housing for middle-income and young professionals in Nigeria, the nation’s real estate market has continued to grow with the sector now valued at N6.4 trillion ($41.2 billion). According to a...

    • Posted July 31, 2014
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  • Bank loans to domestic economy rise to N10tn

    Deposit Money Banks’ total loans and advances to the domestic economy hit N10tn as of March 2014, the Central Bank of Nigeria’s latest statistics indicated. “Total loans and advances in the review period showed that total loans...

    • Posted July 31, 2014
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  • Transcorp’s results raise investors’ hopes

    Stakeholders in the capital have been looking up to the half year corporate results of companies with high hopes. Based on the high hopes,  the share prices of some of the equities attracted high demand from investors....

    • Posted July 31, 2014
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