Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
NERC opens office to resolve BEDC’s power disputes
The National Electricity Regulatory Commission (NERC) has opened a forum office in Benin, the Edo State capital, to be closer to the consumers in addressing unresolved electricity issues between the Benin Electricity Distribution Company (BEDC) and its customers within latter’s coverage area of Edo state.
NECA secures waiver for quoted companies on returns filing
The Nigeria Employers’ Consultative Association (NECA) has secured 100 percent waiver of all penalties imposed on quoted companies from 2008 to 2010 from the Securities and Exchange Commission, SEC, for late/non-filing of returns.
Dangote Cement commits N800bn to capacity upgrade
Dangote Cement Plc has said it is on track to deliver on its target of achieving 62million metric tons capacity utlisation by 2016 as it pursues its expansion to 13 African courtries.
Verve: Curbing unemployment through creativity
The role of secondary financial services providers as catalyst for economic growth and development cannot be over emphasized in the present cashless policy scheme.
GDP stands at 6.5 per cent in 2 quarter of 2014 – NBS
The National Bureau of Statistics (NBS) said on Sunday that the growth rate of real Gross Domestic Product (GDP) stood at 6.54 per cent in second quarter of 2014.
