The bearish trend recorded in the Nigerian capital market, in the last couple of days, continue to attain a worsening dimension, as the value of listed equities, driven by losses on the share prices of majority of quoted companies, dipped Wednesday, by N224.23 billion.

Union DICON Salt Plc, is to sell 51 per cent of its shareholding to a prospective core investor.This was disclosed by the Chairman of the company and former Minister of Defence, Lt Gen. Theophilus Danjuma. Danjuma who spoke at an extra- Ordinary General Meeting of the company at Command Guest House, Kaduna lamented the sorry state of affairs in Union DICON which he attributed to mismanagement by the former foreign technical partners.

The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1 per cent this year. But it adds that recovery is likely to be “weak and fragile” for some time.

“We know South Africa will deliver on his expectations… and more’ Roshene Singh, CMO at South African Tourism
ROBERT Crozier, a New Zealand national arrives in South Africa in early September to take up his prize as winner of the South African Tourism, BBC World ‘Journeys’ global marketing campaign.

Doha_based national carrier, Qatar Airways, has signed a firm contract for 24 Airbus A320 Family aircraft. The agreement includes the firming up of a contract for four A321 aircraft announced at the Farnborough Air show in July 2008.