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NSE to increase trading hours to 2.30pm; holds AGM on 231110

November 17, 2010   The Nigerian Stock Exchange (NSE) appear to have concluded plans to increase the trading hours from 1300hrs to 1430hrs with effect from December 1, 2010.   Proshare NI understands that this was a decision agreed to between The Exchange, SEC and the stockbrokers and should encourage […]

Insurance sector recorded N50bn premium growth in 2009 – Investigation

By Nike Popoola Wednesday, 17 Nov 2010 Despite the devastation inflicted by the global economic meltdown on many world economies, the Nigerian insurance industry was largely unaffected. Investigation by our correspondent showed that the industry’s premium grew by 33.5 per cent or N50bn from N150bn in 2008 to N200bn in 2009. […]

Allied Irish must pay $1.8bn bonds by year end

Wednesday, 17 Nov 2010 Allied Irish Banks Plc, struggling to raise the capital it needs to stay out of government hands, must meet the equivalent of about $1.8bn of early bond repayments before the end of the year. Bloomberg News reported from London on Tuesday that Ireland‘s second-largest lender, which […]