All posts tagged "headline"

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  Market rides on bullish sentiments to gain N193bn

  The bullish trend at the stock market continued yesterday leading to a growth of N193 billion in market capitalisation of the Nigerian Stock Exchange (NSE) in three days. After resuming the week with a marginal growth on...

  • Posted May 16, 2014
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  Nigeria’s foreign trade declines to N5.1tn

  The total value of Nigeria’s external merchandise trade dropped to about N5.16 trillion in the fourth quarter of 2013, according to the National Bureau of Statistics (NBS). That represented an 8.8 per cent (N495.3 billion) decline compared...

  • Posted May 16, 2014
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  Sanusi, CBN oppose Intercontinental Bank shareholders’ suit

  The Central Bank of Nigeria and its suspended governor, Mallam Lamido Sanusi, have asked a Federal High Court in Abuja to dismiss a suit challenging the sale of the defunct Intercontinental Bank Plc. Some shareholders of Intercontinental...

  • Posted May 16, 2014
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  Union Bank seeks approval to raise $750m

  Union Bank of Nigeria Plc yesterday said it will seek shareholders’ approval in June to raise up to $750 million in a medium-term debt instrument to fund big ticket lending to the oil, power and telecom sectors....

  • Posted May 16, 2014
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  Shareholders hail Nigerian Breweries’ performance

  Nigerian Breweries Plc yesterday received commendations from shareholders for  its impressive results for the 2013 financial  year and its merger plan with Consolidated Breweries Plc. Speaking at the 68th Annual General Meeting  of the company in Lagos,...

  • Posted May 16, 2014
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  Merchandise trade drops by N495bn – NBS

  The National Bureau of Statistics has said the country recorded a decrease of N495.3bn in total external merchandise trade from N5.658tn in the third quarter of 2013 to N5.162tn in the fourth quarter. In the trade report...

  • Posted May 16, 2014
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  Shell ties oil, gas sector’s survival to innovation

  As the global population rises, with more people moving out of poverty and gaining access to energy, the biggest oil and gas firm in the country, Shell, has insisted that countries need to take innovation in the...

  • Posted May 16, 2014
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  Labour condemns FG’s continuous spending on power sector

  The Federal Government’s continuous spending on the power sector has been described as very worrisome considering all the resources and activities that went into the sector’s privatisation process. The General Secretary, National Union of Electricity Employees, Mr....

  • Posted May 16, 2014
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  Nigeria to get $6bn nuclear plant in 2022 – Commission

  The Nigeria Atomic Energy Commission has revealed that the country will get a nuclear plant in 2022 at a cost of $6b dollars. The Director, Human Resources of the commission, Professor Simon Mallam, who stated this on...

  • Posted May 16, 2014
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  Higher food prices push inflation slightly to 7.9% in April

  Nigeria’s year-on-year Consumer Price Index (CPI) which measures inflation rose slightly to 7.9 per cent in April compared to 7.8 per cent the previous month, according to figures from the National Bureau of Statistics (NBS). The uptick...

  • Posted May 16, 2014
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