archiveJuly 13, 2016

Equities transactions on the Nigerian Stock Exchange (NSE) today reverted to negative territory as investors recorded a loss of N44 billion as the Market Capitalisation of the Exchange closed at N9.867 trillion from N9.911 trillion on Tuesday even as the All-Share Index closed at 28,730.42 from the previous day’s of...

Nigerian Breweries Plc has declared 11 per cent decline in profit after tax to N19 billion for the six months ended June 30, 2016 from N21.5 billion posted in the prior six months. The unaudited condensed interim financial statements posted on The   Nigerian Stock Exchange official website, shows that the...

    The Managing Director of Heritage Bank, Ifie Sekibo has denied the report of a takeover of the bank by the Central Bank of Nigeria (CBN) and threatened to take action against those bearing what it described as unfounded rumors about the bank. There have are been several news...

Table has turned on the Nigerian Stock Exchange (NSE) as retail investors and domestic institutional   investors have dominated the equities market on the Exchange for the month of May, 2016. This segment of investors accounted for 60.95 per cent of trading activities valued at N63.34 billion out of sum of...

A delegation from the headquarters of the African Development Bank (AfDB) in Abidjan, led by Mr. Mwila Aeron Katambula, the Bank's Transport Specialist, is currently in Abia State for the final lap of talks between Abia State Government and AfDB on some developmental projects of interest to the bank in...

The Petroleum and Natural Gas Workers of Nigeria (PENGASSAN) has announced the suspension of its nationwide strike with immediate effect. This is sequel to the decision taken at the end of its National Executive Council Meeting, which was which directed the immediate call off of the strike action having reviewed...

Ghanaian anti-corruption crusader, Vitus Azeem, has called for further investigations to unravel the truth in the claim by former Ghanaian President, Jerry John Rawlings, that he received $2 million from the late Nigerian President, Sani Abacha. According to GhanaWeb, a Ghana-based online news medium, the former president was accused in...

The Chairman of the Senate Committee on Federal Capital Territory (FCT), Senator Dino Melaye, has denied media reports that he was plotting and instigating the impeachment of President Muhammadu Buhari. According to him, the people spreading the falsehood were those who believe that a Nigeria that is not led by...