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Market News

LATEST COMPANY RESULTS
GLAXO SMITHKLINE CONSUMER NIG. PLC. 1st Quarter 2008
GUINNESS NIG PLC 3rd Quarter 2008
MORISON INDUSTRIES PLC. 1st Quarter 2008
CAP PLC 1st Quarter 2008
BERGER PAINTS PLC 1st Quarter 2008
GOLDLINK INSURANCE PLC 1st Quarter 2008
FIRST ALUMINIUM NIGERIA PLC final year 2007
B.O.C. GASES PLC. final year 2007
P Z INDUSTRIES PLC. 3rd Quarter 2008
UACN PROPERTY DEVELOPMENT CO. LIMITED final year 2007
CUSTODIAN AND ALLIED INSURANCE PLC final year 2007
OANDO NIGERIA PLC final year 2007
TRANS-NATIONWIDE EXPRESS PLC. final year 2007
NATIONAL SPORTS LOTTERY PLC 1st Quarter 2008
SKYE BANK PLC Half year 2008
MOBIL OIL NIG PLC. final year 2007
NIG BOTTLING CO. PLC. final year 2007
TOTALFINAELF NIGERIA PLC. final year 2007
BANK PHB PLC 3rd Quarter 2008
ELLAH LAKES PLC. final year 2007
BANKING
Afribank showcases products, to reward participants at Enugu fair
AFRIBANK Nigeria Plc has assured participants and exhibitors at the 2008 Enugu International Trade Fair of reward for their patronage apart from the excellent services they will enjoy. Participants... GUARDIAN
Ecobank to showcase multi-currency debit card at Enugu fair GUARDIAN
Interest rate: CBN takes up challenge GUARDIAN
Afribank sells WAEC forms SUN
Bank PHB launches Islamic banking products SUN
Ecobank emerges best emerging market bank in Côte d`Ivoire SUN
Oceanic Bank`s profit drives share price higher VANGUARD
STOCK EXCHANGE
Exchange to de-list 18 firms
EIGHTEEN companies, listed in the 33 sub-sectors of the Nigerian Stock Exchange (NSE), have been earmarked for de-listing by the Exchange's governing council. Sources told the News Agency of Nige... GUARDIAN
SEC`s findings and decision on Cadbury`s misstatements in published accounts GUARDIAN
Stakeholders hail sanctions on Cadbury`s directors, others ...Share price dips by 235 kobo GUARDIAN
Outsource your work, NSE boss charges registrars SUN
Dormant stocks could be a goldmine – NSE DG SUN

PETROLEUM
Why fuel importation persists, by Ajumogobia
THE Minister of State for Energy (Petroleum), Mr. Odein Ajumogobia has said that meeting domestic fuel consumption was a big challenge to the administration due to the state of the nation's downstr... GUARDIAN
Oando Donates Ethanol testing facilities to FG VANGUARD

ENERGY
Govt perturbed over high spate of vandalism in power sector
THE rising spate of vandalisation of electricity transmission towers in the country, particularly those along the Power Holding Company of Nigeria's (PHCN) Ikeja West- Ayede (Ibadan) 330kv transmis... GUARDIAN
Expert predicts yearly energy growth rate of 1.3 per cent VANGUARD

AVIATION
Air transportation in Africa, catalyst for economic growth, says Fadugba
RESPECTED aviation expert, Nick Fadugba, has disclosed that air transportation in Africa can be a catalyst for economic development on the continent and one that can bring African people together. ... GUARDIAN
Airlines rush to beat e-ticket deadline GUARDIAN

MANUFACTURING
DSR posts N80bn turnover
The Chairman, Dangote Sugar Refinery Plc, Alhaji Aliko Dangote, has said that the company achieved a turnover of N80.7bn in its 2007 financial year. Dangote said this at the company’s Annual G... PUNCH
AGRICULTURE
Govt raises committees to survey agro-raw materials
TO position the agricultural sector properly so as to contribute significantly to the nation's non-oil sector, the Federal Government recently inaugurated committees on the survey of five selected ... GUARDIAN
Rice production in Ebonyi below 1.7 tonnes, says commissioner GUARDIAN
N70b textile fund: Bauchi mobilises cotton farmers GUARDIAN

CONSTRUCTION
Dangote acquires 45 per cent stake in South Africa`s cement firm
DANGOTE Group has acquired 45 per cent stake in a South African firm, Sephaku Cement, a subsidiary of Sephaku Holdings Limited. Sephaku is a Black Economic Empowerment (BEE) controlled minerals e... GUARDIAN
Bayelsa needs N110b to develop business district GUARDIAN

SERVICES
Govt should make laws that would help local content policy work— ISAN president
The performance of the local content of the federal government has been a subject of controversy. In  this report, Saturday Vanguard takes a look at the issues involved, the arguments projecte... VANGUARD

MARITIME
Foreign firm arrives project site for A/Ibom deep-water port
DESCO Marine Group of Japan, the technical partner in the integrated deep-water port project in Onna, Akwa Ibom, has arrived in Nigeria to start work. Mr Isao Koide, the company's president, told... GUARDIAN

EDUCATION
Nobel laureates, renowned scholars storm Lagos for Oceanic global leaders’ forum
Two Nobel laureates Professors Wole Soyinka and Eric Maskin are among the team of international scholars expected to arrive Lagos for this year’s Oceanic Bank International Global Leaders Forum hol... SUN
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