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BCC records N9.4bn profit

    By Stanley Opara Tuesda 31 Aug 2010         Benue Cement Company has declared a turnover of N18.9bn while posting a profit after tax of N9.41bn for the half-year ended June 30, 2010. The company in a statement on Monday attributed the slip in turnover for […]

Compliance to margin exposure drags down indices

    By Ademola Alawiye Tuesday, 31 Aug 2010     Moves by banks to comply with the Central Bank of Nigeria’s directive to reduce their exposure to the capital market to 10 per cent is responsible for the current bearish trend at the Nigerian Stock Exchange, analysts have said. […]

Nigerian index dips towards five-month low

  By Gbenga Agbana with agency reports   Tuesday, 31 Aug 2010   The Nigerian Stock Exchange‘s All-share Index fell back towards five-months lowest level on Monday, after two days of gains, down by 53.35 points or 0.22 per cent to 24,221.13 points from 24,274.51, which it opened for the […]