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NSE Reduces Trade Alert Costs By Over N1 billion

NSE Reduces Trade Alert Costs By Over N1 billion

  In a bid to attract more investors to the Nigerian capital market, the Nigerian Stock Exchange, NSE, has decided to scrap the 0.06 per cent charge on the Trade Alert service from March 2014. While the management of the exchange scraps the old alert system, it has introduced X-Alert, an enhanced notification system, which

NSCDC Clamps Down on Petrol Hoarders

  The Nigeria Security and Civil Defence Corps, NSCDC, Ogun State command, has arrested some petrol attendants for selling petrol above the approved pump price. Officials of the command went round some petrol stations over the weekend, and found out that many of the stations have fuel in their underground tanks, yet claimed otherwise in

Bullet-Proof Cars: Court Grants EIE Access to Documents

  Enough is Enough, EIE, Nigeria, a non-governmental organisation, has been granted leave by a Federal High Court, Lagos, to apply to the court to compel the Nigerian Civil Aviation Authority, NCAA; First Bank of Nigeria, FBN; and Coscharis Motors Limited, to disclose the information requested by the organisation on the purchase of two bullet-proof

Minister Launches Broadband Campaign

Omobola Johnson, minister of communications technology, is one of the few Nigerian ministers who are passionate about how their ministries can contribute to the growth of the economy. The minister, during the soft launch of the Broadband awareness campaign organised by Compact Communications Limited in Lagos, disclosed that the information and communication technology, ICT, would

Nigeria Scares Away Foreign Investors – Benjamin Akande, US-based economist

Nigeria is popularly known as the giant of Africa and the growth rate of its economy, which is rated among the best in the world, above the United States, US, and United Kingdom, UK, confirms that lofty position. Aside from the state of the economy, most of the successful physicians, businessmen, and academics in the

Adams Oshiomhole Photo

IDH to Establish Ethanol Refinery in Edo

Efforts by the Edo State government to industrialise the state are beginning to bear fruits. Recently, Industrial Development Holding, IDH, a group of South African investors, expressed its resolve to turn Edo State into the China of Africa, beginning with the establishment of an ethanol refinery in the state. Mxolesi Mbetse, executive chairman, IDH, told

Akure Airport Now Cargo Terminal

The Akure Airport has been designated a perishable and non-perishable cargo airport by the federal government. Stella Oduah, minister of aviation, announced this during her courtesy visit to Olusegun Mimiko, governor, Ondo State, recently. According to the minister, the perishable cargo terminal project at the airport is meant to harness the agricultural export capacity of

Boom or Burst for Investors?

The Nigerian Stock Exchange outperformed others in Africa in 2013 posting 44.6 per cent return on investment, which experts say is a reflection of the growth of the economy. But are the returns sustainable? Since the Nigerian stock market witnessed a near crash in 2009, several investors have been sitting on the fence. However, with

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