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| BPE, Transcorp meet over hotel ownership |
| The Bureau of Public Enterprises has met with the leadership of Transnational Corporation and Capital Leisure and Hospitality Limited over the ownership tussle for 51 per cent equity in Transcorp Hilton Hotel, Abuja. |
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| Banks spend N3.3bn on CSR |
| As part of their commitment too their corporate social responsibility, Nigerian banks have spent over 3bn to improve the various communities where they operate. |
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| Currency in circulation stays at N1tn |
| Since climbing to N1.2tn in December 2008, the currency in circulation has remained at the trillion naira mark with slight increases and decreases in seven months. |
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| CBN, others may lose property in Benin over right of way |
| AS part of measures to restore the master plan of Benin City, the Edo State capital, the Central Bank of Nigeria, United Bank for Africa Plc, Power Holding Company of Nigeria (PHCN) and many other business interests along Akpakpava road may lose their pro |
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| Nigerian funds switch to bonds, boosting liquidity |
| Nigerian fund managers have been switching into government debt from equities in recent months, boosting liquidity in the domestic bond market and making it increasingly attractive for foreign investors, analysts say. |
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| The Dangote-Otedola's broken bridge |
| The business friendship that once existed between the two was one that many saw as a good representation of national cohesion. It was a kind of cohesion that politics could not offer in spite of all the sweet talks and camaraderie that go with it. |
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| FG’s total oil deregulation, bundle of opportunities |
| As the Federal Government gets set to fully deregulate the downstream sector of the nation’s petroleum industry, a Lagos based oil consulting firm has declared its readiness to professionally train Nigerians with the requisite skills |
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| RenCap boss, Jennings sees strong emerging market boom cycle |
| We will see a big shift of global capital from the West to the emerging markets”, Stephen Jennings, chairman, Renaissance Capital and chairman/ CEO, Renaissance Group, said in an exclusive interview with BusinessDay. “So, I think we are in a big emerg |
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| Credit bureaux on, banks move against loan defaulters |
| CHRONIC loan defaulters in the nation's financial system may do well by turning over a new leaf in view of the advance stage of plans by all banks in the country to subscribe to the services of the three Credit Bureaux recently accredited by the Central B |
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| NITEL Board Orders Audit on Asset Stripping |
| The newly reconstituted technical board of the Nigeria Telecommuni-cations Ltd (NITEL) has directed that an audit of the assets of the company be undertaken and a status report submitted to verify allegations of asset stripping levelled against the immedi |
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| Pressure on Okereke-Onyiuke to resign |
| Ndi Okereke-Onyiuke, chairman of the embattled Transcorp, is now under intense pressure to resign her appointment |
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| Transcorp: FG may open fresh bid for NITEL |
| There are strong indications that the Federal Government may open the process for the resale of the Nigerian Telecommunications Limited following the revocation of the 51 per cent stake in the company owned by Transnational Corporation Plc. |
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| Bank of America, other core investors eye stakes in Savannah |
| One of the world’s largest financial institutions Bank of America (BOA) is eyeing a stake in Savannah Bank Plc.
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| Uncertainty over First Bank/Ecobank merger |
| There are indications that the planned merger between First Bank of Nigeria Plc and Ecobank Transnational Incorporated may not pull through in the nearest future. |
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| Nigeria's daily crude output to hit 2.3 million bpd soon, sa |
| Hopes of enhanced profile of Nigeria's current account may have brightened, with assurance from Minister of Petroleum Resources, Dr. Rilwan Lukman, that output retarding factors would soon fade away |
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| Sanusi may face federal character hurdle as Senate decides f |
| Senate has decided to spend its plenary session today to grill the nominee for the office of Governor of the Central Bank of Nigeria (CBN), Mr. Lamido Sanusi |
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| DAILY MARKET REPORT 02 07 2009 |
| The Nigerian equities market today advanced by 8 basis points as against 133 basis points increase recorded yesterday. At the end of today’s trading session, the ratio of advancers to decliners closed at 2:1. |
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| DAILY MARKET REPORT 1-07-2009 |
| The Nigerian equities market today advanced by 133 basis points as against 233 basis points increase recorded yesterday. |
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| DAILY MARKET REPORT 30-06-2009 |
| The Nigerian equities market today advanced by 233 basis points as against 169 basis points increase recorded yesterday. |
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| DAILY MARKET REPORT 29-06-2009 |
| The Nigerian equities market today increased by 169 basis points as
against 116 basis points decrease recorded on last trading day. |
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| Weekly Market Report 26/06/09 |
| Investors’ reaction to the market was negative as a result of information being circulated about banks’ directing their subsidiaries to offload stocks ahead of CBN’s audit. The week under review began with the Market Capitalisation and ASI losing N6 |
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| Daily Market Report 250609 |
| The Nigerian equities market today declined by 301 basis points asagainst 352 basis points decrease recorded yesterday. At the end of today’s trading session, the ratio of advancers to decliners closed at 1.10. |
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| DAILY MARKET REPORT - 240609 |
| The Nigerian equities market today declined by 352 basis points as against 250 basis points decrease recorded yesterday. At the end of today’s trading session, the ratio of advancers to decliners closed at 1.12. |
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| Daily Market Report 220609 |
| The Nigerian equities market today declined by 98 basis points as against 105 basis points decrease recorded on last trading day. At the end of today’s trading session, the ratio of advancers to decliners closed at 1.2. |
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| Daily Market Report 190609 |
| The Nigerian equities market today declined by 105 basis points as against 121 basis points decrease recorded yesterday. At the end of today’s trading session, the ratio of advancers to decliners closed at 1.3. The ASI lost 305.70 points to close at 28, |
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| Transcorp GMD, Others Granted Bail |
| Group Managing Director, Transnational Corporation of Nigeria Plc, Mr Tom Iseghohi, Deputy General Manager of the Company, Mr Mike Okoli, and the company's Legal Adviser and Company Secretary, Mr Mohammed Buba, who are being tried over N15 billion alleged |
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| Police declare stockbroker wanted over N1.5bn fraud |
| The Nigerian Police Force has declared a stockbroker and Chairman, De-Lord Securities, Mrs. Cecelia Ajayi, wanted over an alleged offence of conspiracy, forgery, and obtaining the sum of N1.5bn under false pretences. |
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| Transcorp Suspends GMD, 2 Others |
| The Board of Transnational Corporation of Nigeria (Transcorp) plc, said yesterday that it had suspended its embattled Group Managing Director/Chief Executive Officer, Tom Iseghohi, after its meeting of May 28, 2009. |
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| Transcorp: Court Adjourns Ruling on Bail |
| A Federal High Court in Abuja, has adjourned ruling on the bail application brought by Transnational Corporation of Nigeria (TRANSCORP) Plc, top management staff till June 22.
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| AP shares saga: SEC, underwriters maintain stand before Reps |
| The issues surrounding the controversial sale of African Petroleum (AP) shares became a hard nut to crack for the House of Representatives on Wednesday, as it commenced a public hearing on the matter with parties taking different positions on the alleged |
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| Custodian & Allied posts N4.1bn premium |
| Custodian & Allied Insurance Plc, has said that it recorded a premium of N4.1bn in its 2008 financial period, a 51 per cent increase above the N2.7bn recorded in 2007. |
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| 11 Firms present reports to NSE |
| No fewer than 11 quoted firms, last week, presented their scorecards to the Nigerian Stock Exchange (NSE) and their shareholders. |
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| UAC declares N53.5bn turnover |
| Leading conglomerate, UAC of Nigeria Plc, has announced an increase in turnover from N37bn to N53.5bn for its accounting year ended December 31, 2008. |
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| Access Bank Plc audited result 31st March, 2009 |
| Nigeria's Access Bank on Tuesday reported a 43 percent rise in full-year net profit to 22.9 billion naira ($156 million) and said it had repaid $1.1 billion in trade-related borrowing from foreign institutions. |
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Q & A with MD/CEO Kajola Integrated Investment Plc
Interview with Nigeria’s new central bank governor
