Hon. Rotimi Amechi “Government must not be for one section of the Society.It must be for the rich and the poor,emphasizing the upliftment of the poor...”
Stocks were poised for a higher open on Monday, putting the S&P 500 on track to bounce back from its biggest one-day loss of the year, as Greece’s parliament approved strict financial reforms needed to obtain its latest international bailout package. The European banking shares index gained 1.1 percent, and an index of Greek banks [...]
Nigerian Stock Exchange (NSE) will hold its first investors’clinic today, a statement by the bourse said on Monday. According to the statement, the clinic which is being organised in collaboration with one of the leading global wealth management firms, Morgan Stanley, will expose stockbrokers and investors’ to the risks and rewards associated with the market. [...]
The bearished performance of traded equities that trailed the Nigerian Stock Exchange (NSE) last week, continued on Monday, as market capitalisation of traded shares went down by N12.6 billion, to close at N6.487 trillion, as against N6.499 trillion traded by investors on Friday. Market Index closed lower at 20,583.61 points, compared to 20,623.63 points traded [...]
Eleven Nigeria banks have been ranked among the top 50 banks in the continent, according to The Banker magazine. The banks that made it to the top 50 African banks are Zenith, FirstBank, Guaranty Trust, Access, UBA and Fidelity. Others are First City Monument, Diamond, Skye, Stanbic IBTC, and EcoBank Nigeria. Banks in Nigeria beat [...]
The Union Bank of Nigeria Plc will soon close her Rights Issues. According to the Bank news, the final part of the recapitalisation excessive, the Right Issue offering shares at a N6.81035 per share, representing a substantial discount to the traded price which is still open to the bank’s shareholders only. The Right Issue however, [...]
Stock index futures pointed to a higher open on Wall Street on Tuesday following a long holiday weekend, with futures for the S&P 500 up 1.01 percent, Dow Jones futures up 0.95 percent and Nasdaq 100 futures up 1.1 percent at 1027 GMT. European stocks were up 1.2 percent in morning trade, extending the previous [...]
Globacom Telecommunication Limited will in the next two years establish over 300 Glo Zone neigbourhood customer care centres across the country to better her services to the brand subscribers in rural areas. This was revealed by the company’s head of South Territory Onne, Mr. Charles Odiase during the commissioning of Onne Glo-Zone. Odiase reiterated that [...]
The World Bank has earmarked N120 million for the execution of community development projects in Niger, the General Manager of Community and Social Development Projects, Alhaji Adamu Abubakar, has disclosed. Addressing the maiden meeting of the board of the organisation in Minna on Monday, Abubakar said that only N38.7 million of the sum had been [...]
A prosecution witness, Mr Tajudeen Idowu, on Monday told an Ikeja High Court how 20 million units of Finbank Plc shares were transferred to a former director of the bank, Dayo Famoroti. Idowu testified at the resumed trial of Famoroti. Famoroti is standing trial alongside former Managing Director of the bank, Okey Nwosu, and two [...]
The Federation of Tourism Association of Nigeria (FTAN) has appealed to the Federal Government to provide an intervention fund to boost the tourism sector. Mr Tomi Akingbogun, the Deputy President of the association, made the appeal on Tuesday in Abuja, in an interview with The Tide source. He noted that just like intervention funds stabilised [...]
