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The White House warned China it will “defend” US and international “interests” in the South China Sea and that trade must be a “two-way street.” Signaling Donald Trump’s tough stance against Beijing on Monday, spokesman...

Latest Market trends, Up & down reports and the financial gossip

Comments Off on NSE Moves 237.79m Shares Worth N2.19bn in Positive Trading

NSE Moves 237.79m Shares Worth N2.19bn in Positive Trading

The Nigerian Stock Exchange on Friday moved a total of 237.79 million shares valued at N2.19bn transacted in 2,725 deals in a positive trading. This was in contrast with a turnover of 146.49 million shares worth N1.19bn  achieved in 2,725 deals on Thursday. Champion Breweries drove the activity chart with 83.79 million shares valued at N194.41m. It was followed by Zenith Bank, which sold 52.47...

CBN: We Won’t Change Forex Policy

Comments Off on CBN: We Won’t Change Forex Policy

The Central Bank of Nigeria on Thursday stated that no amount of criticism and blackmail from “self-centred individuals” would make it change its current flexible foreign exchange rate policy. The apex bank said this in a statement titled: ‘Nigeria’s current economic situation: Our case’,...

Diezani: First Bank Executive Demands $40m From Seized $153m

The funds, which was linked to former minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, was forfeited to the Federal Government. First Bank Executive Director, Public Sector Accountant, Mr. Dauda Lawal Lawal, through his counsel, Mr. Charles Adeogun,...

WEMA Bank Appoints Ademola Adebise as DMD

The Board of Directors of Wema Bank Plc has announced the appointment of Ademola Adebise as its Deputy Managing Director following approvals by the Central Bank of Nigeria (CBN). He will oversee Wema Bank’s Corporate and Business Directorate covering Corporate Banking,...

MedView Airline to be Listed on NSE

Medview Airline, one of Nigeria’s fastest growing flag carriers, will be listed by introduction on the Nigerian Stock Exchange on Jan. 31, a senior official said on Sunday in Lagos. Medview’s Executive...

Guinness Nigeria Plc has finalized plans to seek shareholder approval to raise N40 billion via a rights issue. The company hopes to secure shareholders approval at an Extra Ordinary Meeting scheduled for the 23rd of January 2017. Nairametrics will be tweeting live from the AGM. Guinness hopes to use the amount raised to “strengthen its balance sheet”...

WEMA Bank Appoints Ademola Adebise as DMD

The Board of Directors of Wema Bank Plc has announced the appointment of Ademola Adebise as its Deputy Managing Director following approvals by the Central Bank of Nigeria (CBN). He will oversee Wema Bank’s Corporate and Business Directorate...

Dangote Tomato Firm Re-opens

Managing Director of Dangote Tomato Processing Company, Kano State, Abdulkarim Kaita, has said the firm would resume full operations in the first week of February. Speaking in an interview with The Guardian, Kaita said, “When we stopped...

Access Bank Appoints New Executive Director

Access Bank has announced the appointment of Dr. Gregory Ovie Jobome, as executive director, Risk Management Division. Jobome has over 25 years of work experience obtained from Guaranty Trust Bank Plc, University of Liverpool Management...

MedView Airline to be Listed on NSE

Medview Airline, one of Nigeria’s fastest growing flag carriers, will be listed by introduction on the Nigerian Stock Exchange on Jan. 31, a senior official said on Sunday in Lagos. Medview’s Executive Director, Business Development, Mr Isiaq Na-Allah, said the listing would enable the airline to...

Snake in the Plane! Emirate Cancels Flight After Snake was Spotted on Board

A Dubai-based airline, Emirates, on Monday said one of its flights from Muscat, Oman, to the UAE was cancelled the previous day after a snake was spotted slithering in the cargo hold. It added that no...

Buhari sacks aviation heads, appoints Akinkuotu, others

President Muhammadu Buhari on Monday sacked the heads of four aviation agencies and promptly appointed their replacements. The agencies affected include the Nigerian Airspace Management Agency, Nigerian...

Passengers, Airlines Count Losses as Harmattan, Fuel Scarcity Disrupt Flights

Airlines and passengers are counting their losses as high cost of aviation fuel and harmattan haze are dealing a heavy blow on the industry right now. Air ticket prices for domestic flights rose by over...

Bayelsa Drags Agip to Court Over Oil Spill, Demands N1.6t

The Bayelsa Government has dragged Nigerian Agip Oil Company Ltd. to a Federal High Court in Port Harcourt over an oil spillage from the company’s SBM Sirius in Brass Local Government Area of the state. The...

Manufacturers demands 5% Concessionary Interest Rate

MANUFACTURERS Association of Nigeria (MAN), yesterday, differed with the Central Bank of Nigeria, CBN, over what they see as high interest rate driven by the apex bank’s Monetary Policy Rate, MPR, sustained...

Guinness Nigeria Plc has finalized plans to seek shareholder approval to raise N40 billion via a rights issue. The company hopes to secure shareholders approval at an Extra Ordinary Meeting scheduled...

Oil & Gas SURF Set to rise

In what seem to be a rising  breakthrough for Nigeria, there are strong indications that the country would benefit from the projected growth in Subsea Umbilicals, Risers and Flowlines (SURF) market. Report...