Lagos, Nigeria, 26 June, 2012: The management of Starcomms Plc has said the chairman of the company, Chief Maan Lababidi, was not detained by the Economic and Financial Crimes Commission (EFCC) in connection with its on-going investigation into the company’s N64 billion 2008 private placement. There had been reports on the […]
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Index dips by 0.4% as 28 stocks lose
Equity trading activities on the Nigerian Stock Exchange closed on a negative note on Tuesday, extending the losses which began last Friday. The NSE’s All-Share Index fell by 0.4 per cent or 10.05 basis points from 21,357.22 basis points on Monday, to 21,347.17 points. The market capitalisation of the listed […]
External reserves drop to $36.93bn
Nigeria’s external reserves have continued to plummet in the last three weeks, dropping by $837m to $36.931bn on June 25, from $37.768bn it stood at June 6, 2012. Latest figures released by the Central Bank of Nigeria showed that the reserves fell by $837m in 19 days. Forex reserves had […]
