Stock market reverses rally as investors lose N1.3trn in one week
… Despite N11.1trn July gain By Peter Egwuatu Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and consumer goods stocks as investors cashed in on the strong gains […]
Revised listing rules targeted at SMEs, telcos, others – NSE
Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has disclosed that the newly revised listing rules are targeted at the Small Medium Enterprises, SMEs, telecommunication firms and oil and gas companies.
NEITI canvasses transparency, accountability in PIB
The Nigerian Extractive Industries Transparency Initiative, NEITI, has renewed calls for the passage of the Petroleum Industry Bill, PIB, stressing that the issue of transparency and development of the oil and gas industry and the national economy hinges on the passage of a robust and pragmatic legislation.
Partnership critical to cross border mobile services in Africa
Sustainable development of cross boarder mobile money services in Africa requires partnership in which industry stakeholders, policymakers, and regulators cooperatively share information, says African Development Bank (AfDB).
Charges: PHCN owes consumers N378bn – Group
The Coalition For Social Equality, a non-governmental organisation has revealed that the illegal imposition and collection of Meter Maintenance Charge from consumers by the Power Holding Company of Nigeria, PHCN, has amounted to about N378 billion.
Nigeria, Norway renew technical co-operation
The Department of Petroleum Resources, DPR, and the Norwegian Petroleum Directorate, NPD, have renewed a Memorandum of Understanding, MoU, for technical cooperation in the oil and gas industry, which began in year 2000.
