Sunday, 27th November 2022
<To guardian.ng
Search
Breaking News:

Business

30 Sep 2009
I. Introduction THE month of June 2007 marked yet another significant point in the juridical development of the Nigerian capital market, with the enactment of a new Investments and Securities Act (ISA) to replace the pre-existing 1999 Act. The passage of the new ISA was the culmination of a long process of consultation starting with the inauguration of a panel of capital market experts under the Chairmanship of the House of Representatives' Capital Market Committee Chairman, Honourable Ahmed Aliyu Wadada, which panel's findings and recommendations later resulted in the ISA 2007.
30 Sep 2009
THAT the world's eighth largest oil producer has a pitiable industrial sector speaks volumes on quality of Nigeria's leaders, especially since the era of Structural Adjustment Programme (SAP), when phenomenal de-industrialisation crept into the nation's economic set-up. The statistics are indeed appalling.
30 Sep 2009
TRANSACTIONS on the Nigerian Stock Exchange (NSE), closed on a moderate note yesterday, as 602.7 million shares, valued at N4.1 billion was exchanged in 8,183 deals, over 542.5 million units worth N4.1 billion deals on Monday. However, heavy share price losses suffered by most blue chip companies brought down market indices further by 0.9 per cent.
30 Sep 2009
THE Director-General of the Nigerian Stock Exchange (NSE), Prof. Ndi Okereke-Onyiuke has assured the management of First Bank of Nigeria Plc that its proposed N500 billion bond issues will receive positive response from the investing public.
30 Sep 2009
THE Nigerian government has called on the Nigerian shipping community to ensure a reduction of emission from ship, saying the entire world was facing severe threats orchestrated by climatic change.
30 Sep 2009
THREE months after the Federal Government's amnesty package was introduced to stem hostility and kidnapping in the Niger Delta region, another episode of restiveness capable of truncating the prevailing normalcy in the oil-rich area may be brewing.
30 Sep 2009
NIGERIAN ship owners have condemned in strong terms the move by the Federal Government to float a National Shipping Line, about 15 years after the defunct national carrier, the Nigerian National Shipping Line (NNSL) was liquidated.
30 Sep 2009
NOTWITHSTANDING the difficult operating environment in the country, NEM Insurance Plc was able to post impressive results as it announced a gross premium income of N4.0 billion for the year ended December 31, 2008. It represents a 56.7 per cent increase over the N2.6 billion figure recorded the preceding year.
30 Sep 2009
STACO Insurance Plc has lived up to its promise of 'prompt claims payment', as it paid a total claims of N538.13 million for the half-year ended June 30, 2009 to its customers in various classes of general insurance business.
30 Sep 2009
THERE were indications that the National Insurance Commission (NAICOM) may impose conditions that underwriting companies wishing to establish off-shore subsidiaries must meet before the industry regulator would grant approval for the take-off.
30 Sep 2009
TWO top management staff of a Kaduna State Government parastatal, Kaduna State Development and Property Company (KSDPC) Limited, have been suspended from office for allegedly embezzling N9.7 million belonging to the company.
30 Sep 2009
OIL prices fell below $66 a barrel yesterday as stock markets sank and investors eyed a slew of economic data this week that will help shed light on the health of the U.S. economy.

Latest

27 mins ago
Police used water cannon and teargas after coming under attack from football supporters who brought havoc to the centre of Brussels on Sunday following Morocco's shock 2-0 World Cup win over Belgium in Qatar.
1 hour ago
Somali police launched an investigation Sunday after 20 foreigners were discovered near territory controlled by the Al-Shabaab militant group claiming to be fishermen who had been held hostage for years.
1 hour ago
The Federal Government through a recently approved policy has banned the export of raw gold, gemstones and other mineral deposits.
2 hours ago
The 14 Brigade Nigerian Army in Abia, on Saturday conducted free medical outreach in Afaraukwu-Ibekwu, the hometown of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB).
3 hours ago
Osun State Governor Ademola Adeleke has reversed all appointments Adegboyega Oyetola, his predecessor, made from July 7, 2022, till he left office. Adeleke, who was sworn in as Osun State governor on Sunday, also ordered the immediate freezing of all accounts of the state. Speaking after taking his oath of office at the Osogbo City…