Stock Market – Page 38 – City Business News

July 9, 2016 No Responses

LCCI proposes dialogue session on economic integration in West Africa

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to hold a dialogue session on challenges of economic integration in West Africa. According to LCCI, the proposed event is aimed at examining the current status of the sub-region’s...

July 8, 2016 No Responses

Skye Bank to appear before stock exchange today

The new management of Skye Bank plc will today brief the Nigerian Stock Exchange (NSE) on the recent development at the Bank. The meeting scheduled to hold at 12:00noon is expected to dwell extensively on the remote and immediate factors...

July 8, 2016 No Responses

Reps insist on compulsory listing of telecomms, oil & gas firms

The Speaker, House of Representatives, Mr Yakubu Dogara has reiterated the commitment of lawmakers to pass laws to compel multinational oil and gas companies as well as telecommunication firms doing business in Nigeria to list their shares on the floor...

July 7, 2016 No Responses

No bank is in distress, says CBN

The Central Bank of Nigeria (CBN) has dismissed allegations in some quarters that certain banks in the country are in distress. In a statement, the apex bank described the allegation as unfounded, “malicious rumors and unfounded speculations,” addin...

July 7, 2016 No Responses

Skye Bank new MD pledges to harness employees’ expertise

The new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has pledged the commitment of the new management to harness expertise of employees and the reconstituted board as part of measures to take Skye Bank to...

July 6, 2016 No Responses

Shareholders divided over compulsory resignation of Skye Bank Board, Management

Controversy has continued to trail the compulsory retirement of the Board and Management of Skye Bank Plc by the Central Bank of Nigeria (CBN). A cross section of the Bank shreholders who spoke with City BusinessNews expressed divergent views on...

July 4, 2016 No Responses

Partnership with maritime nations key to economic growth, says NIMASA DG

COLLABORATION with various stakeholders across the globe is fundamental to unlocking the maritime opportunities in Nigeria, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside has said Welcoming the Acting Chinese Co...

July 4, 2016 No Responses

Haastrup seeks support for ADR mechanism

THE Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has commended the use of arbitration, mediation and other forms of Alternative Dispute Resolution (ADR) in settling commercial disputes in the maritime industry...

July 4, 2016 No Responses

Oando explains ‘facts behind the figures’

Top management staff of Oando Plc will today, July 4th, 2016 address Capital Market Stakeholders ‘with a Facts Behind the Figures Presentation and also sound the Closing Gong’. A team from City BusinessNews will be on ground to provide our...

December 4, 2015 No Responses

LCCI to inaugurate Akande as president Saturday

The Lagos Chamber of Commerce and Industry (LCCI) has concluded plans to formally inaugurate Chief (Mrs.) Nike Akande, as President of the Chamber on Saturday 5th December, 2015 at an Investiture Ceremony billed to hold at the Grand Ball Room...

December 2, 2015 No Responses

CBN cautions against weak corporate governance practices

The Central Bank of Nigeria (CBN) has reiterated its commitment to ensure zero-tolerance to weak corporate governance practices in the country. According to the CBN Deputy Governor in charge of Financial System Stability, Dr.Okwu Joseph Nnanna, who spo...

November 25, 2015 No Responses

CBN cuts interest rate to 11%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (benchmark interest rate) from 13 per cent to 11 per cent. Speaking at an interactive session with Journalists after the MPC meeting explained...

November 20, 2015 No Responses

Dangote Flour changes name

The management of Dangote Flour plc has notified the Nigerian Stock Exchange (NSE) of the company’s change of name. Company Secretary and Legal Adviser of Dangote Flour Plc, Aisha Ladi Isa explained that company’s new name is Tiger Branded Consumer...

November 19, 2015 No Responses

NSE targets 25m Investors

AS part of measures to increase retail investors’ participation in the nation’s stock market to 25 million, the Nigerian Stock Exchange (NSE) has unveiled an online trading application identified as ‘Smart Trade’. NSE Executive Director, Market...