All posts tagged "featured"

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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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  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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  Starcomms Shareholders Approve N35 billion Deal With Capcom

  Shareholders of Starcomms Plc, a leading CDMA provider in the country, have approved the acquisition of the company by Capcom Limited. The approval was given by a special resolution at the company’s Annual General Meeting in Abuja...

  • Posted December 31, 2012
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