PDP wants suspended council chiefs reinstated
THE Peoples Democratic Party, PDP, in Edo State has asked Governor Adams Oshiomhole to respect the rule of law by abiding with the motion passed by the House of Representatives, asking him to reverse the suspension of the Chairmen of Orhiomnwon and Akoko Edo local government councils of the state.
South African ATM expert hails directive of off-site ATMs
Managing Director of Spark ATM System, the second largest off-site ATM management company in South Africa, Mr. Mark Sternberg has said that the CBN’s directive on Off-site ATMs will boost to business model of Independent ATM Deployers (IAD) in Africa.
Bonds: Why states are unable to raise funds
There are clear indications that only few states were able to access the Nigerian capital market for funds via bonds as only nine states have so far raised N108 billion between 1999 to date.
Honeywell records 307% increase in third quarter profit
Honeywell Flour Mills Plc has recorded significant improvement in its bottom lines for the third quarter ended, December 31, 2010, financial statements, announcing a 307 per cent growth in it profit after tax to N870.5 million.
Investors lose N15bn on NSE
The declining trend in the Nigerian Stock Exchange (NSE) continued for the second straight week, as investors holdings in the capital market dropped, last week by N14.71 billion.
Market forecast drives Conoil price at NSE
Indication has emerged that following the market forecast, Conoil Plc shares last week sustained an upward trend.
Stockbrokers stated that the rise in demand for Conoil shares is an indication of substantial improvement in the company’s performance and favourable return on investment for its 2009 financial year.
