All posts tagged "headline"

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  Diamond Bank to raise $250m equity capital

  Diamond Bank Plc plans to tap the equities market to raise between $200 million to $250 million following its debut Eurobond issue due to be priced today, its Chief Finance Officer, Abdulrahman Yinusa, told Reuters yesterday. Shareholders...

  • Posted May 15, 2014
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  Julius Berger to raise N7.5bn additional capital

  Leading construction firm, Julius Berger Nigeria (JBN) Plc is set to raise additional capital of N7.5 billion to boost its operations. The funds would be raised through any form of debt and or equity instrument by way...

  • Posted May 15, 2014
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  Fayose faults Ekiti N1.4bn dam contract

  The Peoples Democratic Party governorship candidate in Ekiti State, Ayodele Fayose, has described the newly awarded N1.4bn Ero Dam contract by Governor Kayode Fayemi as a means of siphoning state’s money to fund the governor’s re-election bid. Fayemi...

  • Posted May 15, 2014
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  Stakeholders hail Dangote’s contributions to stock market

  The Nigerian bourse recorded an increase of 1.02 per cent yesterday even as some market operators and shareholders hailed the announcement of the change in baton in the presidency of the Nigerian Stock Exchange (NSE). The Chairman...

  • Posted May 15, 2014
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  Firms mull delisting from NSE over SEC’s heavy penalties

  Efforts to woo more small and medium enterprises (SMEs) to list on the  Nigerian Stock Exchange (NSE) are being threatened by penalties imposed  by Securities and Exchange Commission (SEC) on listed companies. THISDAY checks revealed that some...

  • Posted May 15, 2014
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  CIBN seeks passage of financial ombudsman bill

  The Chartered Institute of Bankers of Nigeria has called on the National Assembly to fast -track the legislative process on the Financial Ombudsman Bill in order to ensure its speedy passage. The Registrar, CIBN, Dr. Uju Ogunbunka,...

  • Posted May 15, 2014
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  Divestments by IOCs won’t lead to crisis – Government

  The recent spate of asset divestments by international oil companies operating in the country will not lead to crisis in the oil and gas sector, the Federal Government has said. Some industry observers and analysts have expressed...

  • Posted May 15, 2014
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  Savings strategy key to price stability – CBN

  The Central Bank of Nigeria has said that an efficient national savings strategy is important to creating price stability that will drive sustainable national growth and reduce the pressure on prices in the country. The Acting Governor,...

  • Posted May 15, 2014
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  CBN orders banks to destroy cards trapped in ATMs

  The Central Bank of Nigeria has directed Deposit Money Banks to henceforth destroy Automated Teller Machine cards trapped in their ATM terminals. The CBN also gave banks 24 hours to reverse debit entries arising from failed transaction...

  • Posted May 15, 2014
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  Kwara explains plan for N23bn bond

  The Kwara State government yesterday said it will spend N15.5 billion of the N23 billion bonds it intend to issue on the execution of capital projects across the three senatorial districts of the state. This, the government...

  • Posted May 15, 2014
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