Tag: Economy

Oando: Shareholders seek accelerated forensic audit
October 30, 2017 No Responses

Oando: Shareholders seek accelerated forensic audit

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos.  According to the shareholders, the investigation should be detailed and “without any fear or favour”.  Under the aegis of Nigeria Shareholders...
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Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days
October 28, 2017 No Responses

Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.   Trading in the shares on the...
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Market capitalisation attains N101b, index up by 0.25 per cent
October 26, 2017 No Responses

Market capitalisation attains N101b, index up by 0.25 per cent

For the second day, the Nigerian Stock Exchange (NSE) on Wednesday sustained growth as the market capitalization recorded N101billion to close atN12.675 trillion.  Also, the index increased by 91.23 points or 0.25 per cent to close at 36,622.85 compared with....
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Yam exporters refute report as minister implores National Assembly on 1989 law
October 25, 2017 No Responses

Yam exporters refute report as minister implores National Assembly on 1989 law

By citybusinessnews@yahoo.com –     Nigerian yam exporters have refuted news report which alleged rejection of their consignments in the United Kingdom (UK) and United States of America (USA).  In a statement on Tuesday, the exporters explained that...
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Investors stake N303m on UBA shares
October 25, 2017 No Responses

Investors stake N303m on UBA shares

By citybusinessnews@yahoo.com –      The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorde...
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SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing
October 24, 2017 No Responses

SEC votes N160m for Oando’s Forensic Audit, highlights alleged insider dealing

By citybusinessnews@yahoo.com –           The Securities and Exchange Commission (SEC) has set in motion machinery for the forensic audit of Oando Plc.   To ensure the independence and transparency of the exercise, the Forensic Audit according ...
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Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b
October 24, 2017 No Responses

Lafarge, Nigeria Breweries, Zenith Bank suffer more losses as market capitalisation drops further by N60b

By citybusinessnews@yahoo.com –   Trasnsactions on the floor of Nigerian Stock Exchange (NSE) continued on Monday on a negative trend as market capitalisation dipped further by N60billion.     Specifically, market capitalisation which opened for the...
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5,400 farmers, agro-dealers benefit from $3m USAID agric scheme
October 22, 2017 No Responses

5,400 farmers, agro-dealers benefit from $3m USAID agric scheme

The United States Agency for International Development (USAID) says 5,400 agro-inputs dealers and farmers have benefitted from its three million dollars Feed the Future Nigeria Agro-Inputs Activity. The Nigeria Mission Director of USAID, Stephen Haykin, said...
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International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months
October 20, 2017 No Responses

International Breweries lead NSE’s gainers table as Zenith Bank records N531.3b in nine months

International Breweries Plc on Thursday led the Nigerian Stock Exchange (NSE) gainers’ table, gaining N2.21 to close at N46.52 per share.  Stanbic IBTC followed with a gain of N1.10 to close at N46.52 and GlaxosmithKline increased by 85k to close...
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Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b
October 19, 2017 No Responses

Total Nigeria, Flour Mills, others maintain slidding profile as NSE’s market capitalisation drops further by N10b

Total Nigeria Plc on Wednesday recorded the highest loss for the day dropping by N7.59 to close at N245.41 per share.  At the end of the day’s transaction on the floor of Nigerian Stock Exchange (NSE), Flour Mills followed with...
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Elumelu seeks stable policy to enhance SMEs growth
October 19, 2017 No Responses

Elumelu seeks stable policy to enhance SMEs growth

The Chairman, UBA Group and Heirs Holdings, Mr Tony Elumelu, on Wednesday advised the Federal Government to tackle the issue of policy somersaults to enhance the growth of Small and Medium Enterprises (SMEs). Elumelu gave the advice at the 24th...
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NSE’s market capitalisation drops by N103b
October 18, 2017 No Responses

NSE’s market capitalisation drops by N103b

Investors in Nigerian capital market on Tuesday lost N103billion due to losses recorded by  Dangote Cement Plc, Nestle Nigeria Plc and Guaranty Trust Bank Plc.   At the end of the day’s training, Dangote Cement Plc, Nestle Nigeria Plc and...
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GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b
October 17, 2017 No Responses

GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent.   At the end of the day’s trading, 0.33 per cent growth in the All-Share Index...
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Sterling Bank emerges Best Bank in Support of Agric
October 17, 2017 No Responses

Sterling Bank emerges Best Bank in Support of Agric

Sterling Bank Plc has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held in Lagos.   The award is in recognition of Sterling Bank’s peerless support to the entire value chain in...
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