Author: InvestAdvocate

FG releases funds for salary increase – Olaitan

  By Agency Reporter   Thursday, 9 Sep 2010   The Chairman, Joint National Public Service Negotiating Council, Mr. Olakunle Olaitan, said on Wednesday that the Federal Government had provided “cash backing” for the implementation of the new salary structure. Olaitan told the News Agency of Nigeria in Abuja that […]

FG plans N4.56tn budget for 2011

    By Ihuoma Chiedozie, Abuja   Thursday, 9 Sep 2010   The Federal Government plans to spend N4.56tn in the 2011 fiscal year.   The plan is contained in the 2011 budget proposal, which was approved by the Federal Executive Council at its meeting on Wednesday.   However, the […]

NSE demutualisation: ‘No need for foreign participation’

    By Ademola Alawiye   Thursday, 9 Sep 2010   A former Director-General, Securities and Exchange Commission, Mr. Wole Adetunji, has joined other experts in condemning SEC’s pronouncement that the Nigerian Stock Exchange needs foreign investors‘ participation in its demutualisation plans.   Demutualisation is a process whereby the NSE […]