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NSE trades N2.7bn worth of shares

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Weekly transactions on the Nigerian Stock Exchange (NSE) resumed on a negative note on Monday as the market indices depreciated by 0.15 percent. The market capitalisation of listed equities shed N12 billion to close at N8.072 trillion against the N8.084 trillion recorded Friday. The All-Share Index also dipped by 37.96 points to

New investors coming for eight rescued banks, says CBN

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•To limit interest rate increases

The Governor of the Central Bank of Nigeria (CBN) , Sanusi Lamido Sanusi, has said all the eight banks rescued with N620 billion bailout funds will find new investors, with

Stocks set for higher open after death of Osama bin Laden

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NEW YORK -- U.S. stocks are poised for a higher open, as investors cheer news that Osama bin Laden was killed by U.S. forces Monday.

The founder and leader of al Qaeda, Osama bin Laden, was killed by U.S. forces in Abbottabad, north of Pakistani capital of Islamabad.