Latest News

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  Regulators Must Do More To Increase Domestic Investors Confidence – Experts

  The Progressive Shareholders Association Of Nigeria (PSAN) has called on regulators to do more to increase the activities of domestic investors in the Nigerian Stock Exchange. The shareholders group lamented the huge influx of foreign investment on...

  • Posted January 28, 2013
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  DAVOS Economic Forum rates Africa as second fastest economy in the globe

  The just concluded strategic and dynamic World economic forum in Davos, Switzerland has in its assessment rated the continent of Africa as the second fastest in the globe, considering the phenomenal growth, innovations and socio-economic changes experienced...

  • Posted January 28, 2013
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  Software start-ups in Nigeria receive boost from Jim Ovia Foundation

  One of Nigeria’s leading Foundations committed to the socio-economic development of the Nation, the Jim Ovia Foundation has restated its commitment to the development of the dynamic and innovative software Industry , by going into partnership with...

  • Posted January 28, 2013
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  Prevailing Rates Regime Unfriendly For Corporate Bonds Issuance – Belo Osagie

  Managing Director of FSDH Merchant Bank Limited, Mr. Rilwan Belo-Osagie has remarked that the high interest rate regime make the issuance of corporate bonds unattractive for firms. The seasoned banker disclosed this to journalists at the unveliling of...

  • Posted January 27, 2013
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  Nigerians Should Expect Stable Money Market Rates By March 2013 – Mainstreet CEO

  The Group Managing Director of Mainstreet Bank, Faith Tuedor-Matthews recently revealed that a combination of the current liquidity in the system and the decision of the Central Bank of Nigeria’s Monetary Policy Committee to retain the Monetary Policy...

  • Posted January 27, 2013
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  CBN sustains intervention with NTBs

  In the economic report of 2012, the Central Bank of Nigeria (CBN) has said it had sustained its normal call through Open Market Operation (OMO), as it put out for sale, the Nigerian Treasury Bills (NTBs) in...

  • Posted January 26, 2013
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  Firefox Launches Mozilla mobile phone

  Mozilla, one of the foremost internet browser providers, has dolled out details of it’s plans to launch new smartphones to be powered by its Firefox operating system. It disclosed that two mobile phones would be introduced by...

  • Posted January 26, 2013
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  FG Must Create Enabling Environment For IPOs – NSE CEO

  The CEO of the Nigerian Stock Exchange, Oscar Onyema, has stated that the market capitalizastion of the Nigerian market will increase if government creates an enabling environment for initial public offerings to return to the exchange. He said to...

  • Posted January 26, 2013
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  Nigerian Stock Exchange Watch: ASI (+0.44%) Closes In Green, YTD Performance Tops 12%

  The All share index appreciated by 0.44% to close at 31,583.48. The banking sector was upbeat as 10 participants closed in the green with only Wema (-0.90%) closing in the negative. Cement manufacturers closed well in the...

  • Posted January 25, 2013
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  Pipeline vandalization may cost WAPCO $2.4 billion

  West African Gas Pipeline Company , operators of one of the biggest regional Gas ventures in the Globe, says the prospects of improving Gas supply within the region, could be hampered if the repair on the damaged...

  • Posted January 25, 2013
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  Standard Organization of Nigeria assures of viable quality policy

  With a view to ensuring that Nigeria no longer become a dumping ground for contraband, illegal , fake, sub-standard and expired goods and products, the Standard Organization of Nigeria (SON) has restated its commitment to pushing for...

  • Posted January 25, 2013
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  PHCN privatization to be completed in two weeks

  The much anticipated privatization of the Power Holding Company of Nigeria (PHCN) should be completed within two weeks. This is the assurance of the Federal Government, as declared by the Secretary to the Government of the Federation,...

  • Posted January 25, 2013
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  FG to diversify economy, moves to cut $11bn yearly bill on food importation

  The Minister of Agriculture, Dr. Akinwumi Adesina said in its effort to diversify the economy from over reliance on oil, the FG has beaten its set target of raising food production in the country as it has...

  • Posted January 25, 2013
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  Nigeria Should Be Global Food Power House – Agric Minister Says 2012 Investment Was $8 billion

  The Agricultural Minister is anything but short of optimism as regards Nigeria’s agricultural sector. A fact he demonstrated to investors at a round table discussion in Geneva. Discussing with a panel of investors and economic experts, Adesina...

  • Posted January 25, 2013
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