All posts tagged "headline"

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  Union Bank recovers N3.5bn loans in six months

  Union Bank of Nigeria Plc has recovered N3.5 billion loans in the first half of 2014, showing  a significant improvement compared to the N1.5 billion recovered in the corresponding period of 2013. The Chief Financial Officer of...

  • Posted August 1, 2014
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  Diamond Bank to raise N50.37bn from rights issue

  Diamond Bank says it has concluded arrangements to raise N50.37bn through a rights issue. The bank said the development followed the approval it received from shareholders at its Annual General Meeting on April 24. According to a...

  • Posted August 1, 2014
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  CBN to withdraw BDCs’ licences as deadline elapses

  As the deadline fixed for Bureau De Change  (BDC) operators to comply with the new capital requirements ends today, defaulting firms will have their operating licences revoked by the Central Bank of Nigeria (CBN), THISDAY learnt thursday....

  • Posted August 1, 2014
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  Oando lead gainers on acquisition of ConocoPhillips

  Investors on the floor of the Nigerian Stock Exchange (NSE) yesterday swooped on the shares of Oando Plc as news hit the market that the company has completed the acquisition of ConocoPhillips. At the close of trading...

  • Posted August 1, 2014
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  Market capitalisation rises by N28bn

  Equities rose on Wednesday, the first trading day of the week following the public holiday, to lift major market indices. For instance, the market capitalisation of the listed equities rose by N28bn or 0.2 per cent from...

  • Posted August 1, 2014
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  FG gets N100bn from EU for development

  The Federal Government said on Wednesday that it had secured a fresh funding of about N100bn for developmental projects over the next five years from the European Development Fund. The immediate past Supervising Minister for National Planning,...

  • Posted August 1, 2014
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  Inactive operators control 727,147 telephone lines

  Telecommunications operators who had been declared inactive by the industry regulator, the Nigerian Communications Commission, controlled 727,147 telephone lines as of March 31, investigations have shown. Although the number of lines controlled by the inactive operators seems...

  • Posted August 1, 2014
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  FG hands over trading point meters to power firms

  The Federal Government on Thursday officially handed over the electricity trading point meters to market participants in the nation’s power sector. The handing over ceremony, which was done simultaneously nationwide, began in Abuja at a ceremony conducted...

  • Posted August 1, 2014
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  Standard Chartered raises commitment to ‘Power Africa’ to $5bn

  Standard Chartered Bank has said it has increased its commitment to the ‘Power Africa’ initiative by raising its pledge from $2 billion to $5 billion, after reaching its initial commitment in 12 months. The bank had during...

  • Posted August 1, 2014
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  NSE to introduce Nigerian Depository Receipts

  The Nigerian Stock Exchange is planning to introduce Nigerian Depository Receipts (NDRs)  as part of its efforts to satisfy  the investment needs of investors in the Nigerian capital market. Depository Receipts (DRs) are negotiable securities that generally...

  • Posted July 31, 2014
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