Business

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 […]
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E-banking critical to building a stronger Nigeria-Ibru

Group Managing Director/Chief Executive, Oceanic Bank International Plc bank, Dr. Cecilia Ibru, has identified massive deployment of electronic banking solution as a critical factor to building a stronger Nigeria
Speaking at the on-going 9th edition of Card Expo Africa, an international conference and exhibition on cards holding in Lagos, Ibru stated that the bank’s philosophy of building a stronger Nigeria would not be fully realized until electronic banking solutions are found to the banking transaction needs of the customers, especially those whose businesses cut across countries and continents.

Sale: PENGASSAN gives Addax mgt July 3 ultimatum

PETROLEUM and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has given a July 3, 2009 deadline for all labour/industrial relations matters including pensions and gratuities of members that must be discussed and finalised before any alleged planned sale of Addax Petroleum Development Nigeria Ltd is consummated to avoid the wrath of organised labour.

Bearish trend persists, share value plunges by N65bn

The bearish trend in the Nigerian capital market continued Monday, as key indicators of the Nigerian Stock Exchange (NSE) recorded significant depreciation, brought about by profit-taking activities by investors.

Disability cover now part of group life insurance

Dr Timi Austen-Peters who read the position paper on behalf of a group of participants that reviewed the paper, Pension Act 2004: An Assessment of the Adequacy of the Legal Framework delivered by Dr Kanu Agabi, former Attorney-General of the Federation said it was important that the disability cover is key to the insurance package.

Air France crash may drive up rates

The fatal June 1 crash of an Air France flight may cause further price increases in the aviation insurance market, although it is too early to say for sure, according to observers.

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