Business (Page 46)

By Chinyere Joel-Nwokeoma Transactions on the Nigerian Stock Exchange returned to negative territory on Thursday,  following sell pressure on Dangote Cement and 10 other stocks. Consequently, the All-Share Index declined by 234.08 points or 0.60 per cent to 38,697.17 from 38,931.25 on Wednesday. Accordingly, the month-to-date and year-to-date losses increasedContinue Reading

By Moses Kolo The Kaduna Inland Dry Port (KIDP), on Thursday announced that it would soon commence export consolidation services to support exporters doing business in the northern corridor. Mr Rotimi Hassan, the KIDP Manager, made the announcement at a stakeholders’ meeting on Exporters and Export Processing Delivery, held inContinue Reading

By Ginika Okoye The Federal Government on Thursday advised capital market operators to consider retail investments, to enable ordinary citizens in the country to invest in the market. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, made the call at the 5th Budget Seminar webinar in Abuja. TheContinue Reading

By Chinyere Joel-Nwokeoma The nation’s bourse on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of approval of demutualisation. Specifically, the market capitalisation rose by N128 billion or 0.63 per cent to close at N20.369 trillion againstContinue Reading

  By Rukayat Adeyemi The Institute of Islamic Finance Professionals (IIFP) is seeking partnership with TrustBanc Arthur, a non-interest investment institution, to further deepen the penetration of Islamic finance in Nigeria. IIFP Acting President, Dr Tajudeen Yusuf, made this known when he led associate members of the institute on aContinue Reading