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All posts tagged "featured"

  • 238 Forex Dealers Licenses’ Withdrawn By CBN To Checkmate Corruption

    The Central Bank has thumped its regulatory hammer down on 238 Bureau de Change (BDC) operators operating in the country. According to a circular released Tuesday by the Trade and Exchange Department, of the Central Bank of...

    • Posted January 17, 2013
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  • NSE Will Grow By 11% In 2013 – Meristem Analysts

    The Nigerian Stock Exchange All Share Index has been predicted to grow by 11.05% in 2013, according to Meristem Securities, one of the leading stockbroking and research firms in Nigeria. The stock market has been bullish for...

    • Posted January 17, 2013
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  • Oando Rights Issue: ‘Investors Should Lock In Now’ – ISAN

    The currently ongoing Oando Rights Issue is expected to raise N54.6 billion from the company’s existing shareholders via the issuance of 4.5 billion ordinary shares at N12/share. According to Sunny Nwosu, the National Coordinator of the Independent Shareholders...

    • Posted January 17, 2013
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  • House suspends NNPC’s $1.5b loan proposal, orders investigation

    Lawmakers yesterday ordered the Nigerian National Petroleum Corporation (NNPC) to suspend all plans to take the controversial, yet proposed $1.5bn loan. The officials of the NNPC proposed to obtain a $1.5bn loan to pay off its debts...

    • Posted January 17, 2013
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  • Oil producing States to benefit from local content policy

    In its effort to right the wrongs of the past relating to the degradation of Oil  Producing Communities in the Country since 1958, the Federal Ministry of Petroleum alongside the Nigerian National Petroleum Corporation  have redesigned the Local...

    • Posted January 17, 2013
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  • Starcomms, MTN, Etisalat to spend N297.9billion on network

    Following the demands for quality service delivery in 2013, three of the GSM Service providers in the Country namely; MTN, Etisalat, and Starcomms have taken proactive steps to improve on their network through immediate upgrade. The Three...

    • Posted January 17, 2013
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  • Nigerian Stock Exchange Watch: ASI (+1.37) Crosses 30,000 Psychological Benchmark

    The NSE’s All Share Index gained 137 basis points in today’s trading to close above the 30,000 psychological benchmark at 30,093.83. The banking sector suffered from the activities of profit takers today, but was still predominantly bullish as...

    • Posted January 16, 2013
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  • NSE Selects 6 As Fixed Income Market Makers

    The management of the Nigerian Stock Exchange has announced the selection of six companies as fixed income market makers. The decision was made ahead of the introduction of retail bonds in the country. The companies selected are...

    • Posted January 16, 2013
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  • Etisalat subscriber base hits 15 million

    Dubai based GSM service provider, Etisalat, has announced that its subscriber base in the Country has increased to 15 million, signalling a remarkable improvement in its drive to be a key player in the fast growing mobile...

    • Posted January 16, 2013
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  • Fashola to revoke Obafemi Awolowo road project over slow execution

    Lagos State Governor Babatunde Fashola yesterday said he would revoke the contract for the construction of Obafemi Awolowo road project in Ikorodu Local Government, following extreme delays in the construction of the road. Governor Fashola disclosed this...

    • Posted January 16, 2013
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