Author: InvestAdvocate

Okereke-Onyiuke’s removal: FG seeks explanation from SEC

By Ifeanyi Onuba, Abuja Friday, 3 Dec 2010 The controversy trailing the removal of the former Director-General of the Nigerian Stock Exchange, Prof. Ndi Okereke-Onyiuke, by the Securities and Exchange Commission assumed another dimension on Thursday. The Attorney-General of the Federation and Minister of Justice, Mr. Mohammed Adoke, directed the commission […]

Banking, mortgage, ICT stocks buoy trading at NSE

By Ademola Alawiye Friday, 3 Dec 2010 Trading in the banking, mortgage and Information and Communication Technology sub-sectors buoyed trading volume on the Nigerian Stock Exchange on Thursday. At the close of activities, a total of 220.90 million shares, valued at N1.98bn were exchanged in 5,740 deals. Activities in the banking […]

Standard Bank‘s annual earnings may fall by 12%

By Agency Reporter Friday, 3 Dec 2010 Standard Bank Group Limited, Africa‘s biggest lender, said full-year profit might fall by as much as 12 per cent as revenue came under pressure and it incurred ”substantial” costs to cut 1,745 jobs. Earnings per share in the year to December 31 are expected […]