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FGN bonds records 20.85m units in OTC market

A turnover of 20.85million unitsworth N19,155.65million in 24 deals was recorded last week in the Over the Counter (OTC) market , in contrast to a total of 124.66 million units valued at N128,971.29 million exchanged in 221 deals recorded penultimate week , ended Thursday, December 23, 2010.

Julius Berger pays N12 bn tax in 2009

The total tax paid by Julius Berger Nigeria Limited in 2009 including its Pay As You Earn(PAYE) in the various states of the federation, was about N12 billion.This translates to about N1 billion on a monthly basis.

Nigeria-Pakistan trade hit N840m

Bilateral trade between Nigeria and Pakistan reached N840 million or $56 million in 2010 while the Islamic country exported a N3.75trillion or $25billion globally.

Union Assurance gross premium drops by 12%

Union Assurance Company Limited, a subsidiary of Union Bank Plc has recorded a gross premium of N2.39 billion for the financial year ended December 30, 2010.This represents a decrease of 12 per cent from N2.72 billion in recorded in 2008 to N2.39 billion in 2009.

Stock market indicators fluctuate further by 0.05%

The fluctuating trend on the Nigerian Stock Exchange (NSE) continued Thursday, as the market indicators for measuring the performance indices, the market capitalisation and the All share index appreciated by 0.05 per cent.

“The only way to improve our economy is to be productive”

After the compulsory one year national youth service in August 2003, Mrs. Dorcas Abimbola Adeluwoye left for Lagos in search of a job. She was in the job market for about three months without success so instead of wasting her time and resources, she decided to do something on her own.

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