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Banking index falls as 12 banks record losses

By Udeme Ekwere Tuesday, 16 Nov 2010 The negative trend, which began in the equities sector of the Nigerian Stock Exchange last Thursday, continued on Monday with major indicators recording losses. The NSE Banking Index, which stood at 398.94 points on Thursday, fell by 2.6 per cent or 10.31 to close […]

Niger Insurance boss harps on effective financial management

By Nike Popoola Tuesday, 16 Nov 2010 The Managing Director, Niger Insurance Plc, Mr. Justus Uranta, has emphasized the need for operators in the insurance industry to maintain effective financial management. He said that this would help them to be able to cope with challenges in the financial system. Uranta said […]

US stock-index futures gain; S&P 500 may rebound

By Agency Reporter Tuesday, 16 Nov 2010 United States stock futures rose, rebounding after the biggest weekly drop in three months for the benchmark Standard & Poor‘s 500 Index, as investors awaited reports that might show the economy is improving. Bloomberg News reported from the US on Monday, that Bucyrus International […]