Get all the latest information on businesses and companies in Nigerian Stock Exchange.
In: News
19 Sep 2008The major business stories from the NSE
In: News
14 Sep 2008In case you missed any of them, here are some of the posts over the last week:
In: News
12 Sep 2008Here are the major news stories for the week.
In: News|stock exchange
27 Aug 2008As part of efforts to restore investor confidence in the stock market, the Federal Government announce the following steps: NSE with effects from Wednesday, August 27, 2008 (today) will reduce its fees by 50 percent. Stabilization fund will be established with its modalities to be worked out very soon. The Office of the attorney general [...]
In: News
22 Aug 2008Thanks to SBA Research, CSL Stock Brokers, and UBA Capital, here are the top business stories in Nigeria over the week.
In: News|stock exchange
6 Aug 2008Here are some news headlines from Guardian Newspapers in the last 3 days: Oceanic Bank opens office in Sao Tome THE Oceanic Bank Plc in Sao Tome and Principe said that it would provide quality service to the business and investment community in the Atlantic Ocean country. The bank’s Managing Director/Chief Executive in Sao Tome, [...]
In: News
24 Jul 2008The Central Bank of Nigeria (CBN) yesterday shifted the deadline for Banks to adopt a uniform accounting year end to December 2009. This according to CBN was in response to “irrational behavior” of some banks in their attempt to mobilize deposits. The direct impact of this announcement could at least ease the current strain in [...]
In: News
14 Jul 2008Business Day Online is reporting that Dunlop Nigeria, after 45 years of tyre production Nigeria, will be closing its N8billion tire plant due to the persistent power cuts that has more than trippled the cost of production and reduced the company’s ability to make a profit. … Dunlop plc, the nation’s only surviving tyre manufacturer [...]
Chevron declared a loss of over N190m which was attributed to the strike earlier in the year. Profits for First Bank, AIICO, Skye Bank and Oceanic Bank increased 80% (to N36b), 387% (to N401m), 235% (to N10.87b) and 145% (to N33.6b) respectively. Profits for Access Bank reduced 1% to N15.85b.
In: News
11 Jul 2008Nigeria is fast losing its position as the top oil exporter in Africa. While there has been a significant deep in oil exports from Nigeria, Angola’s has increased significantly.
In: News|stock exchange
3 Jul 2008Proshare NG is reporting that the NSE council will be meeting today and on Friday to consider the following applications: – Costain WA Plc – supplementary offering- Skye Bank – supplementary offering- Lucky Fibres Plc – Public offering- Crusader Insurance Plc – Public offering- Sovereign Trust Ins. Plc – Merger- Staco Insurance – Public/rights offering- [...]
In: News
18 Jun 2008The Central Bank of Nigeria (CBN) have released new guidelines for the entry of foreign banks into Nigeria. The major points are: 1. Reports that the CBN has barred foreign banks for investing in the Nigerian banking industry are false. 2. The foreign banks and/or investors wishing to establish banking business in Nigeria must meed [...]
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!