Business

Nigeria Stock Exchange

Nigerian stock exchange report Friday, 01 November, 2013: Nestle tops gainers chart again

NESTLE topped the gainers chart again, after Friday’s transaction on the trading floor of the Nigerian stock exchange, gaining almost N30.00 at the close of the day’s transactions. The firm’s share price rose from N1128.76 to N1100.00, recording a gain of N28.76. It was followed by FO, which gained N3.38 closing at N71.03 up from […]

Power sector to attract $40bn foreign investment in 10 years – FG

Minister of Trade and Investment said a torrent of foreign investors are coming into the power sector Advertisement

Nigeria Stock Exchange

Nigerian stock exchange report Thursday, 31 October 2013: Four oil firms adorn losers chart

Oil companies seemed to have had a rough time at the trading floor of theNigerian stock exchange yesterday, with about four oil firms frosting the losers chart. Total topped the losers chart with a N6.89 share price loss. The firm’s share price closed at N160.11 down from N167.00. The firm was followed by Conoil, which […]

Land is the biggest obstacle to women power in agriculture, says female food hero

By Peter Jopke For Susan Godwin, this nation’s role model female farmer, honour came with a sense of irony. At the time Oxfam, the global development civic group, and a network of other NGOs were recognizing her with the award of Nigeria’s Female Food Hero, in far away Washington DC, her landlord broke the tenancy […]

Nigeria Stock Exchange

Nigerian stock exchange transactions volume rise to 569.6 million on Wednesday 30 October 2013

Transactions volume on the floor of the Nigerian Stock Exchange, NSE, rose to 569.6 million on Wednesday, from 294.4 million recorded the previous day. The Exchange’s market capitalisation also stood at 11.9 trillion, after the day’s trading, with All Share Index (ASI) at 37, 373.09, while shares, valued at N3,543 billion, were traded in 5, […]

Global peace impossible without fair deal for the poor, says IDB President

“The world certainly cannot be at peace with itself when about one-third of us are poor,” the IDB president said. Advertisement

Dangote more powerful than Jonathan, other African leaders — Forbes

Mr. Dangote’s influence is growing in Africa and the world Advertisement

Nigeria’s reforms boost global best practices in business regulation, says World Bank

At least 13 other African countries had better business climates for investors than Nigeria Advertisement

UPDATE: EcoBank’s Board retires embattled Chairman amidst fraud allegations

The Board of Ecobank Transnational Incorporated (ETI) today announced the decision of Kolapo Lawson to stand aside as its Chairman, amidst allegations yet to be cleared by regulatory bodies. He will retire from the Board on December 31, 2013 but has been asked to hand over to André Siaka as interim Chairman, with immediate effect. […]

Nigerian stock exchange report Tuesday, 29 October 2013: Nigerian Breweries tops gainers chart

Nigerian Breweries topped the gainers chart after Tuesday’s transaction on the Nigerian stock exchange trading floor, gaining N6.45 at the close of the day’s transactions. The firm’s share price rose from N167.05 to N173.50. It was followed by WAPCO, which gained N4.30 closing at N105.30 up from N101.00.  Glaxosmith was third on the top five […]

PIB bill to pass before 2015- Speaker Tambuwal

 Bill is long overdue. By: Ayo Okulaja Advertisement

Nigeria Stock Exchange

Nigerian stock exchange report Monday, 28 October 2013: Guinness lost losers chart

Guinness lost about N4.00 and closed at N241.00 down from N245.00. The firm was followed by NNFM, which lost N1.28, closing at N24.37 down from N25.65 before transactions. UACN lost N1.01 and closed at N64.99 down from N66.00. PRESCO also lost N1.00 and closed at N34.50, down from N35.50 while PZ closed at N39.00 down […]

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Union Bank announces Central Bank’s approval of its divestment plans

The bank is going through a transformation process. Advertisement

Insurance penetration in Nigeria still very low, says FBN Insurance

The insurance boss called for increased acceptance on insurance policies by Nigerians. Advertisement

Investments in Onne oil, gas free zone hit N659.4billion – Aganga

Minister calls the development, positive. Advertisement

Okonjo-Iweala advises tribunal on procedure for filing suits by investors

The minister spoke at the Capital Market Stakeholders’ Forum in Abuja. Advertisement

Labour liabilities in privatized agencies gulp N609.4 billion in 13 years- BPE

The power sector gulped the highest. Advertisement

Fidelity Bank appoints CEO-designate to succeed Ihejiahi in 2014

Nnamdi Okonkwo will be the new CEO of Fidelity Bank. Advertisement

Reps to summon Sanusi, Okonjo-Iweala on devaluation of Naira

The motion was moved by Odebunmi Olusegun (APC-Oyo). Advertisement

Nigeria Stock Exchange

Nigerian stock exchange report Tuesday, 22 October 2013: Cadbury tops losers chart

Cadbury lost about N2.50 and closed at N56.50 down from N59.00. The firm was followed by WAPCO, which lost N0.47, closing at N98.03 down from N98.50 before transactions. Ashaka Cement lost N0.45 and closed at N22.55 down from N23.00. Unilever also lost N0.42 and closed at N60.62, down from N61.04 while Zenith Bank closed at […]

Bunkering crude oil theft

Don’t abandon PIB for National Conference, group warns Nigerians

The group called for the speedy passage of the PIB. Advertisement

Nigeria Stock Exchange

Nigerian stock exchange report Wednesday, 21 October 2013: Conoil tops gainers chart

Conoil topped gainers chart after Monday’s transaction on the Nigerian stock exchange trading floor, gaining N3.57, at the close of the day’s transactions. The firm’s share price rose from N34.99 to N38.56. It was followed by Cadbury, which gained N2.00 closing at N59.00 up from N57.00.  PZ was third on the top five chart, gaining […]