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  UBA Stock Placed On Full Trading Suspension

    Shares of UBA Plc on the Nigerian Stock Exchange have been placed on a full trading suspension by the NSE management in order to enable the company finalize its restructuring exercise. Shareholders of UBA recently approved...

  • Posted January 2, 2013
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  Nigerians Advised To Participate In Fortunes Of Nigerian Stock Exchange

  Nigerians have been advised to invest in the equities market as the market is now one of the best performing markets in the world. Analysts lamented a situation where the gains of the market are being enjoyed by a...

  • Posted January 2, 2013
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  2012’s Top 30 Stocks

  2012 was a year of bumper harvest for the Nigerian Stock Exchange. Businessnews takes a look at how the top 30 stocks performed over the entire year.

  • Posted January 1, 2013
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  Jonathan extends agreement with Global ScanSystem for destination inspection contracts

  In a bid to fulfil his 2013 promises, President Goodluck Jonathan has approved the provision, installation, operation, and management of x-ray scanning equipment and software for the inspection of goods. Earlier, the President had an agreement with...

  • Posted January 1, 2013
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  Stock Market Rises To 32 Month High In 2012, Momentum Expected To Continue

  The Nigerian Stock Exchange rose to a 32 month high in 2012, and the positive performance is expected to continue in 2013. The All Share Index returned to performance levels not seen since 2007. The performance in...

  • Posted January 1, 2013
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  Failure To Pass SEC Budget May Lead To Renewed Capital Market Crisis – LCCI

  The Lagos Chamber of Commerce and Industry (LCCI) has raised alarm over the failure of the National Assembly to pass the budget of the Securities and Exchange Commission (SEC) for 2013. The body voiced its concerns in...

  • Posted January 1, 2013
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  Nigerian Stock Exchange Watch: ASI gains 0.76% to close 2012 Up 35.35% At 28,078.80

  The NSE All Share Index gained 0.76% the last day of the year. The market pulled off a strong recovery in 2012 thanks to government intervention and the return of foreign investors. The banking sub-sector was predominantly...

  • Posted December 31, 2012
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  Oando Commences Rights Issue, Targets N54.6 billion

  Oando Plc has commenced its rights trading exercise which is geared to raise N54.6 billion in order to fund the company’s expansion into a much larger upstream petroleum company. The company is offering shareholders 2 ordinary shares...

  • Posted December 31, 2012
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  FG has a budget for fuel subsidy in 2013, no fuel price increment – NNPC

  The Nigeria National Petroleum Corporation (NNPC) yesterday said there would be no increment in petrol price next year. In the face of the present artificial scarcity created by the oil marketers, NNPC urged Nigerians to remain calm...

  • Posted December 31, 2012
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  Nigeria borrows $4.4bn from World Bank, hoards $2.6 billion in the face of economic crisis

  Just recently, the Nigerian government was said to be broke, but with the recent events, which have rather confirmed that the government has been hoarding borrowed money, makes it rather tricky to choose which is worse between...

  • Posted December 31, 2012
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  Pension Fraud: Maina to resign after N3 trillion stolen funds are recovered

  The Chairman, Pension Reform Task Team, Abdulrasheed Maina on Saturday said he will resign his position as the Chairman of PRTT as soon as the N3tr is recovered. Speaking with reporters in Abuja on Saturday, Maina said...

  • Posted December 31, 2012
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  Telcos spend about N42 billion on power and security issues in 2012

  From a review of year 2012 and the activities of the Telecommunications Companies, it has been revealed that about N42 billion was spent on the sustenance of power supply, provision of security around Telecoms gadgets, installations, equipment,...

  • Posted December 31, 2012
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  NATCOM decries number portability delay by NCC

  The perceived slow pace of the Number Portability project, a mobile technology initiative designed to give network subscribers the benefits of switching same number to any network at any time, has drawn criticisms from various groups. One...

  • Posted December 31, 2012
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  First Bank Money Market Funds Listed On NSE

  The Nigerian Stock Exchange has admitted First Bank Money Market Funds into its Daily Official List (DOL). The NSE stated in its report for DEcember 28th, 2012, that a total of 17,984,400 units of the fund were admitted...

  • Posted December 31, 2012
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