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  • Market Cap gains N68 billion on Tuesday

    The bullish trend continued at the Nigerian Stock Market on Tuesday as the market capitalisation of listed entities closed higher at N12.461 trillion gaining by N68 billion or 0.55 percent when compared with Monday’s closing figure of...

    • Posted December 10, 2013
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  • FBN Heritage Fund pays N10 dividend to unit holders

    Heritage Fund, managed by FBN Capital Asset Management, a subsidiary of FBN Capital Ltd will pay its first dividend to its various unit holders today, Tuesday. FBN Capital Asset Management is the Investment Banking and Asset Management...

    • Posted December 10, 2013
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  • N47.1b theft: Court adjourns Akingbola’s arraignment for third time

    An Ikeja High Court has adjourned till Jan. 24, 2014, arraignment of a one-time Managing Director of the defunct Intercontinental Bank Plc, Mr Erastus Akingbola, for the third time. Justice Lateef Lawal-Akapo fixed the date on Monday...

    • Posted December 10, 2013
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  • FG to review public service reforms

    The Federal Government has unveiled a plan to review the national strategy on public service reforms in line with the current macro-economic realities. The Director-General, Bureau of Public Service Reforms, Dr. Joe Abah, gave the hint in...

    • Posted December 10, 2013
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  • SON tightens surveillance on importers of substandard products

    The Standard Organisation of Nigeria, SON, has tightened its surveillance on importers of fake and substandard products in order to rid the nation’s markets of poor quality goods. The Director-General of SON, Dr. Joseph Odumodu said the organisation...

    • Posted December 10, 2013
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  • N10bn debt: Power investors struggle to beat deadline

    To avoid possible sanctions by the Nigerian Electricity Regulatory Commission, private power investors that last week defaulted in remitting about N10bn to the Federal Government’s coffers struggled to beat the 24-hour deadline. The actual amount remitted by...

    • Posted December 10, 2013
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  • Agriculture secures 4% of banks’ loans

    The Federal Government has said that the agricultural sector now gets four per cent of the total loan portfolio available in the Nigerian banks. The Minister of Information, Mr. Labaran Maku, who said this while briefing journalists...

    • Posted December 10, 2013
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  • Declining profits force banks to cut jobs

    Declining profits which characterised the nine-month results of a number of banks may have ignited a wave of job cuts in the banking sector, findings by our correspondent have revealed. Some banks have sacked workers, about six...

    • Posted December 10, 2013
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  • Nigeria lauded for first global trade deal

    World leaders have lauded Nigeria for helping to facilitate the first ever global trade reform agreement, which has the potential to add $1tn to the global economy. The world’s trade ministers agreed that the ‘helpful’ leadership of...

    • Posted December 10, 2013
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  • NSE ASI gains by 0.02% on Monday

    The first trading day of the week at the Nigerian Stock Market ended with the All Share Index gaining by 9.36 points or 0.02 percent to close on Monday at 38,747.51 basis points as against last Friday’s...

    • Posted December 9, 2013
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  • N1.8b subsidy fraud: EFCC re-arraigns Tukur, Alao, others

    The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned two oil marketers, Mahmud Tukur and Abdullahi Alao, over an alleged N1.8 billion fuel subsidy fraud. The defendants are sons of Alhaji Bamanga Tukur, the National Chairman...

    • Posted December 9, 2013
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  • Investors trade 2.266 billion shares in 5 days

    A turnover of 2.266 billion shares worth N19.008 billion in 25,853 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE. This was in contrast to a total of 2.168 billion...

    • Posted December 9, 2013
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  • Gambit to frustrate PIB worry stakeholders

    When the idea of the Petroleum Industry Bill (PIB) was mooted in 2000, it was on the conviction that Nigeria’s oil and gas sector needed a major reform to transform the economy into one of the world’s...

    • Posted December 9, 2013
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  • Ajimobi assures on SMEs development in Oyo

    Governor Abiola Ajimobi of Oyo State last Thursday said that his administration would continue to mobilise, motivate, energise, galvanise and empower micro, small and medium entrepreneurs in order to ensure the survival and sustenance of the state’s...

    • Posted December 9, 2013
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