Business

$1trn economy: NACCIMA woos Chinese investors to boost industrialisation

By Yinka Kolawole The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the third edition of its Business and Investment Forum in Guangzhou, China, as part of efforts to attract sustainable foreign direct investment (FDI) and support the Federal Government’s ambition of building a $1 trillion economy by 2030. The forum, […]
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Dikko picks new management team, stress on discipline, punctuality

As part of efforts to achieve its aim of moving the Nigeria Customs Service (NCS) forward, the new Comptroller-General of Customs, Dikko Inde Abdullahi MFR, has appointment new management team to work with him. The new management team which comprises of five Deputy Comptroller General (DCG) and 13 Assistant Comptroller Generals (ACG’s).

APT Securities counter-claims against bank, demands N141m

APT Securities and Funds Ltd, has counter-claimed against Ariel Investment Management Ltd, Aims Achievers Consulting Ltd and Wema Bank Plc, over the suits against, it in respect of the Food Concepts and Entertainment Ltd shares it instructed the two firms to purchase for it.

Share value up by N120bn

Driven by investors renewed interest market, the value of listed equities appreciated, Tuesday, by N120.13 billion.The market capitalisation which opened at N5.15 trillion rose by 2.3 per cent to close at N5.27 trillion. Also the All-share index rose by 2.3 per cent or 524.06 basis points to close at 22,984.14 points from 22,460.08.Oando Plc recorded the highest share price gain, rising by N4.49 to close at N98.99 per share from N94.50 per share at which it opened, followed by Conoil Plc gaining N2.46 to close at N51.81 per share and Benue Cement Company Plc which appreciated by N1.64 to close at N34.56 per share.

Union Diagnostics declares N237mn dividend

Union Diagnostics and Clinical Services Plc has announced a dividend of N237 million for its shareholders in its 2008 financial year, representing a dividend per share of N0.08.

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