Business

Nigeria, France seal pact on trade, SME development

France and Nigeria hope the collaboration would create the environment for improved economic and trade ties for mutual benefits. Advertisements

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NSE index maintain declining trend, dips 0.65 per cent Monday, 16 September

NSE index maintain declining trend, dips 0.65 per cent on Monday The Nigerian Stock Exchange maintained its declining trend on Monday as All Share Index (ASI) dipped further by 0.65 per cent from 36,098.07 recorded last Friday to new low of 35,861.87 at the close of trading, which saw equities volume of 196,576,453 valued at 2,087,440,037.81 being traded in 4,027 deals. Similarly, […]

NSE index maintain declining trend, dips 0.65 per cent on Monday

The Nigerian Stock Exchange maintained its declining trend on Monday as All Share Index (ASI) dipped further by 0.65 per cent from 36,098.07 recorded last Friday to new low of 35,861.87 at the close of trading, which saw equities volume of 196,576,453 valued at 2,087,440,037.81 being traded in 4,027 deals. Similarly, market capitalization also declined […]

Richest African woman, Folorunsho Alakija, missing from Forbes list of 21 richest Nigerians

Forbes magazine has released yet another ranking of the 21 richest Nigerians. Surprisingly, the richest woman in Africa, Folorunsho Alakija, worth $600 million (N97 billion) is missing from the list. According to Forbes, the value of shares held in quoted companies, size and market share of their companies, number of companies they own and its […]

Shell, Bodo community spill negotiations collapse

Don’t insult us with your pittance, Bodo community tells Shell, as it rejects compensation offer.

IMF laments disappointing performance of some countries despite natural wealth

Resource-rich countries perform more poorly on the human development index than do non-resource-rich countries.

BPE yet to resolve ALSCON, Zuma Steel, 39 other firm’s privatization issues, says DG

The BPE says it will privatise the Bank of Industry (BOI), the Bank of Agriculture (BOI) and the Federal Mortgage Bank of Nigeria (FNBN) and others.

Nigerian stock exchange report Wednesday, 11 September 2013

Nigeria’s Stock Exchange All Share Index (ASI) stood at 36, 259.65 at the close of transactions on Wednesday. The value of the market’s transactions stood at 2.5 billion while the number of deals stood 5, 062. The volume of the day’s transactions was recorded at 188 million while market Capitalisation remained in the 11 trillion boundaries, […]

Nigeria to create automobile training centres

The Nigeria automobile centres will be sited in Lagos, Kano and Anambra states

Nestle tops gainers chart, makes N8.99 gain after Wednesday transactions

Nestle topped the gainers chart after Wednesday’s transactions on the Nigerian Stock Exchange. The firm made N8.99 gain, one of the highest share price gain margin attained in recent times by a firm on the Exchange. The firm’s shares closed at N938.99 after transactions, from N930. Nigerian Breweries came second on the top five gainers […]

Investors need gas incentives to boost private sector investments in power, says BPE DG

Mr. Dikki appeals to Nigerians to show understanding as the power sector reform would not bring about immediate changes.

Nigerian government trains 8,104 officials on public sector accounting

The training has also afforded the benefitting officials wide access to information on financial and operational performance; improve their ability to ensure internal controls to prevent and detect potential and actual fraud.

Osun takes N10bn Sukuk to investors as Aregbesola lists gains of people-centred programmes

Aregbesola says focusing on the people is central and cardinal to his administration; adding that Osun should be seen as a veritable atmosphere for investment.

Nigeria to stop issuing licenses to new insurance firms, inaugurates NAICOM Board

The new NAICOM board is headed by a former Deputy Speaker of the House of Reps.

Jonathan frowns at Nigerian banks’ poor lending to agric, real sectors

The president threatened to withdraw banks’ access to government funds.

Subscribers association threatens boycott of telecom services on Friday

The association wants each GSM user compensated.

Brent back above $113, cuts losses after China data

The $113per barrel is a one-week low.

Enugu DISCO: NCP technical committee meets today to review controversial waiver to Emeka Offor

The technical committee of the National Council on Privatization (NCP) is scheduled to meet on Tuesday (today) in Abuja, its first meeting after the recently concluded bid for the privatisation of the Power Holding Company of Nigeria (PHCN) successor distribution companies. Chairman of the committee, Atedo Peterside, told PREMIUM TIMES in a telephone interview on […]

Nigeria Stock Exchange All Share Index falls to 36.3 million

The All Share Index (ASI) of Nigeria’s Stock Exchange fell to 36, 367.59 from 36, 403. 95 after Monday’s trading. The volume of trading however also fell from 237.4 million to 176.5 million while the value of transactions however rose from 2 billion to 3.8 billion. Glaxosmith topped the gainers chart, with the firm’s share […]

Nigerian government announces September 2013 bond offer

The bonds will be issued in N1, 000 per unit, subject to a minimum subscription of N10, 000.

Nigerian Stock Exchange report Friday: Market transaction value falls

Julisu Berger was the top gainer on Friday.

Dangote to invest N64bn in cement production in Kenya

Aliko Dangote stated this at a Nigeria-Kenya Business Forum held in Nairobi.

Nigerian government to offer N35billion bond for September

The bonds will be issued in N1, 000 per unit, subject to a minimum subscription of N10, 000 and in multiples of N10, 000 and in multiples of N1, 000 thereafter.

Nigerian stock exchange report Thursday, 05 September 2013

The Exchange’s All Share Index (ASI) rose to 36, 476.30 from 36, 215. 57 recorded yesterday. After transactions on Thursday, the value of Nigeria’s Stock market transactions rose by N1billion to N4billion up from N3illion recorded on Wednesday. The number of bills however fell to 5, 133 from 5,323 deals. Volume of Thursday’s transactions fell […]

Subscribers union wants NCC to ban promos by GSM companies

Subscribers prefer better services than promotions.