Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
CBN’s operating surplus fall by 73% to N8.8 bn
Operating surplus of the Central Bank of Nigeria (CBN) fell sharply for the operating year ended 31st December 2008, reflecting the impact of the global financial crisis on the operations of the bank.
Three Nigerian firms top trade finance deals with N64.5billion
THREE Nigerian firms namely: Slok Nigeria Limited, Minaj Holdings and Arik Airlines Limited have topped trade financing deals totaling N64.5billion facilitated by Union Bank of Nigeria and Diamond Bank Plc.
Park & Shop, customer tangle over returned goods
Park & Shop, a highbrow supermarket along Adeola Odeku Street in Victoria Island, Lagos, has been accused by a customer of violating her rights by refusing to take back an item purchased from the shop.
Equity trading soars by 196%, despite bearish trend
Specifically, a turnover of 1.03 billion shares valued at N3.81 billion was recorded in 8,686 deals in contrast to the previous day’s turnover of 348.51 million shares valued at N3.32 billion in 11,168 deals.
FinBank assures Commerce Ministry on revenue drive
FinBank Plc has assured the Ministry of Commerce and Industry of increased revenue when the full implementation of the web portal being financed by FinBank for the Ministry becomes operational.
