Oluwaseyi Bangudu

Posts by Oluwaseyi Bangudu:

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Lubricant sector can employ 50, 000 more – Manufacturers

With the right business environment, Nigeria’s lubricant industry can employ 45, 000 more people than it currently does, the manufacturers say. The manufacturers made this known at the first Nigerian Lubricants Industry summit titled “Nigerian Lubricants Industry: Opportunities and challenges”, which held in Lagos on Tuesday. The industry currently employs…

Bismarck Rewane

Presidency unlikely to meddle in CBN after Sanusi backlash – Rewane

Liquidity tightening is expected from the CBN in the near future, investment researchers say. (more…)

Photo: tribune.com.ng

CBN building fire did not destroy records- Spokesperson

Fire gutted the first floor of the CBN building in Lagos. (more…)

Minister Of Petroleum Resources, Deziani Alison-Madueke

HRAN calls for probe of Alison-Madueke

HRAN says it concerned about the disappearance of over $20 billion from the accounts of Nigerian National Petroleum Corporation (NNPC). The Human Rights Agenda Network, HRAN, on Monday called for an immediate and transparent probe into allegations of gross mismanagement of public funds by the Nigeria’s Petroleum Minister, Diezani Alison-Madueke.…

Nigerian Stock Exchange

NSE: Total tops losers chart after Monday’s trading

The value of transactions after trading stood at 2.411 billion, recorded in 4,091 deals. (more…)

Ecobank

Ecobank Transnational Incorporated announces new Group CEO

Albert Essien is the new CEO of the bank. (more…)

stockmarket

Nigerian Stock Exchange cuts transaction costs for traders

Nestle topped the losers chart. The Nigerian Stock Exchange, NSE, has commenced the reduction of the cost of its Trade Alert service by about N1.24 billion from March 2014. This reduction is being achieved through the scrapping of the current charge of 0.06 per cent of every trade on the…

stockmarket

Guinness tops losers chart as Nigerian Stock Exchange introduces new trade notification system

Access Bank was the most traded stock. The Nigerian Stock Exchange (NSE) has announced that it will discontinue the old trade notification system, Trade Alert, and introduce a fresh notification system known as X-Alert to all its investors in March 2014. Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange, said…

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Nigeria’s economic indices slip to negative following Sanusi’s suspension

Analysts say Mr. Sanusi's suspension may scare off investors (more…)

nigeria stock exchange

Zenith Bank tops most traded shares as Bank Chief is nominated Central Bank Governor

The Managing Director of Zenith Bank, Godwin Emefiele, is to be the next Governor of the Central Bank of Nigeria. Zenith Bank, Thursday, was the most traded shares on the Nigerian Stock Exchange after the bank's boss was nominated as the next Central Bank Governor. Nigeria's President, Goodluck Jonathan, Thursday,…

Naira Notes

New Central Bank Governor may devalue Naira- Renaissance Capital

RenCap said this before Mr. Sanusi’s suspension on Thursday morning (more…)

CBN Governor, Lamido Sanusi

Suspended CBN Governor, Sanusi, away on official assignment; may be arrested on arrival

Nigeria's Central Bank Governor, Sanusi Lamido Sanusi, who has just been suspended with immediate effect by President Goodluck Jonathan, has been away on official assignment to Niger and might be arrested on arrival at the airport, PREMIUM TIMES  can report. Usually reliable security sources say there are already plans to…

Breaking News1

BREAKING: Nigeria’s President Suspends Central Bank Governor, Lamido Sanusi

Nigeria's President, Goodluck Jonathan has suspended the country's Central Bank Governor, Sanusi Lamido Sanusi, from office. Mr. Jonathan Thursday morning ordered Mr. Sanusi to hand over to the most senior Deputy Governor of the bank, Sarah Alade, who will serve as Acting Governor until the conclusion of ongoing investigations into…

Dangote-Cement

NSE: Dangote Cement tops gainers chart after Tuesday’s trading

Dangote's share price rose from N235.00 to N239.50. (more…)

stockmarket

Guinness tops losers chart after Monday’s trading

Nigeria Breweries topped the gainer's chart (more…)

[Photo: businessnews.com.ng]

Nigerian Stock Exchange ASI experiences worst January since 08/09 crash – Rewane

Nestle topped the losers chart after Monday’s trading on the Nigerian Stock Exchange. (more…)

President of the Senate, David Mark

Civil Society groups wants breakdown of N150 billion national assembly provision in 2014 budget

The groups expect the National Assembly to release the information within seven days  (more…)

CBN

Nigeria Central Bank releases framework for Mortgage Refinance Companies

The guidelines stipulate what is required to operate a MRC (more…)

Nigerian Stock Exchange

Nigeria Stock Exchange to implement stronger regulatory reforms

The NSE will also implement a pilot scheme for corporate governance rating (more…)

Rivers governor, Rotimi Amaechi, Nasir El-Rufai and Chris Ngige before travelling to SSS office in Abuja.

Defiant El-Rufai accuses PDP-led government of plans to rig forthcoming elections, says he can’t be silenced

Mr. El- Rufai was detained by the SSS for what the latter described as inciting remarks. (more…)

Bismarck Rewane

Nigeria Central Bank’s decision on CRR to have ‘shock effect’ on money market – Rewane

The MPC increased the already controversial Cash Reserve Ratio on public sector deposits from 50 to 75 per cent (more…)

stockmarket

Nigerian Stock Exchange begins week on low note, records N75 billion loss

Oando leads gainers’ chart (more…)

Cigarette smoking

Lagos bans smoking in public places

The Lagos State House of Assembly has passed a bill for a law, which would in effect, ban smoking in public places in the state. Scaling through the third reading, the bill prohibits residents from smoking in all public places such as libraries, museum, public toilets, schools, hospital, day care…

nigeria stock exchange

NSE chief says 2014 market projections largely positive

Oscar Onyema says that he is optimistic that Nigeria will get to the emerging markets index. Despite concerns about Nigeria's political, currency and interest rate risks, the Chief Executive Officer of the Nigerian Stock Exchange, NSE, Oscar Onyema, has said the projections for the Nigerian capital market are largely positive…

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Nigeria’s inflation to decline marginally to 7.8 per cent – Report

Financial Derivative Company released its January Economic Bulletin. (more…)