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First Bank, Fidelity plan to increase lending in 2011

By Ademola Alawiye with agency report First Bank of Nigeria Plc and Fidelity Bank Plc have said that they intend to grow their loan books this year and to also boost market share in retail and corporate banking. Bloomberg quoted First Bank’s Chief Financial Officer, Mr. Bayo Adelabu, as saying, […]

NSE Council: SEC calls for understanding among stakeholders

By Okechukwu Nnodim The Securities and Exchange Commission has called for understanding among stockbrokers on the Nigerian Stock Exchange following a protest by them against the recent appointments into the NSE Council. The Association of Stockbroking Houses of Nigeria in a letter dated April 13, 2011, faulted the resolution of […]

Foreign investments, peaceful elections boost index by 1.2%

By Udeme Ekwere The rekindled interest of players, especially foreign investors in the Nigerian capital market helped to boost equity trading activities last week, as major indicators closed higher. Analysts said this, as well as the peaceful elections experienced the previous weeks, contributed largely to increased activities in the market. […]