Equity investors lose N4.9trn, as market uptrend reverses
By Peter Egwuatu The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on the Nigerian Exchange Limited, NGX. The development was driven by a sustained profit-taking move across major sectors. Consequently, the NGX market capitalisation, which represents the total value of stocks listed on the […]
Bajaj controls 35% motorcycle market share
Bajaj Auto Limited, manufacturers of Boxer motorcycles said it controls 35 percent share of the bike market, even as it offers free maintenance service to operators.
Shareholders call for legislation on SEC’s new code
Shareholders under the aegis of Independent Shareholders Association of Nigeria, ISAN, have called on the Director General of the Securities and Exchange Commission, Ms Arunma Oteh, to sponsor a bill to the National Assembly that will make some of the provisions of the new Code of Corporate Governance binding on quoted companies.
AFC invests N8bn in ARM
Africa Finance Corporation, AFC, has invested N8 billion (US$50 million) in Athi River Mining, ARM, to support ARM’s expansion in Eastern and Southern Africa.
Kwara state govt. to mop up farmers excess produce
The Kwara state government is putting in place, a program that will enable buyers to pay for the produce of its peasant farmers prior to commencement of planting.
West African ports move against Nigeria’s proposed hub bid
PORTS in neighbouring countries in the West African sub-region are currently constructing deep sea ports that will take mega ships so as to take up Nigerian bound cargoes.
