Capital Market

$250,000 fraud: Court frees businessman

By Kemi Obasola   Thursday, 7 Oct 2010 A Lagos High Court in Ikeja has discharged and acquitted a businessman, Mr. Adekunle Fagade, who was alleged to have conspired with four others to obtain money by false pretences. In his judgment, Justice Joseph Oyewole held that the Economic and Financial […]

NSE Demutualisation to be Concluded in 2012 -Oteh

  By Obinna Chima and Chinazor Megbolu , 09.28.2010   The proposed demutualisation of the Nigerian Stock Exchange (NSE), which was suspended last year would now be concluded in 2012, the Director General, Securities and Exchange Commission (SEC) of Nigeria, Ms Arunma Oteh, has said. Oteh dropped this hint while […]

Shareholders approve Dangote/BCC merger

  The proposed merger between Dangote Cement and Benue Cement Company Plc, was given a boost yesterday as shareholders gave their blessing at a court-ordered meeting held in Kano. Chairman BCC Alhaji Aliko Dangote speaking at the meeting assured shareholders of immense benefits from the merger which include: reduced operational […]