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NIGERIAN BUSINESS NEWS
Investors had reasons to smile home in the week that just went by. For one thing, it was a bright one for investment on the floor of the Nigerian Stock Exchange as the major indices closed in the positive.
According to data released by NSE on Domestic and FPI reports for the month of May, foreign investor participation in the equities market slumped to 35% of total transactions from 52%.
Honeywell Flour Mills Plc has disclosed its financial result for the financial period period ended March 31st, 2019. We have the details...
The Securities and Exchange Commission (SEC) has advised shareholders of defunct Skye Bank Plc that have unclaimed dividends to contact Cardinalstone Registrars in order to process their dividend payments.
The Central Bank of Nigeria (CBN) has called on SMEs to take advantage of opportunities from the bank to boost their businesses, as the apex bank extends a total sum of N66 billion as loans to boost cotton, soya beans and cassava production in Nigeria.@cenbank
The Standard Organisation of Nigeria (SON), in collaboration with the International finance Corporation, a member of the World Bank Group, are developing standards for the development of solar products and systems @ifc_org and @sonnigeria
A report by @PwC_Nigeria has revealed that Nigeria still holds between $300 billion to $900 billion worth of dead capital in residential real estate and agricultural land alone.
Prestige Assurance Plc has announced its resolve to raise fresh capital by way of share offering to the tune of 14 billion shares.
In its continued intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) injected a cumulative sum of $2.04 billion to further sustain the improved liquidity and relative stability in the market.
As part of its commitment to entrench good corporate governance in Nigeria, the Institute of Directors (IoD) Nigeria has established a panel to investigate the lingering dispute between the Securities and Exchange Commission (SEC) and Oando Plc.
NEM Insurance Plc's Chairman, Dr. Fidelis Ayebae, has disclosed the company's intention to increase its issued share capital.
Airtel Africa will announce officially today its exact share price and other details pertaining to its listing on the Nigerian Stock Exchange (NSE) on 4th July, 2019. The pre-IPO interest in the company shares is said to have hit $200 million.