Stock Watch
Market cap dips by N40 bn

Stories by Chidiebere Akanazu

Trading at the Nigerian Stock Market on Friday ended on a negative note with the market indicators falling by 0.1 per cent 

For the third week running investors continued to trade at a loss with most quoted companies’ stocks depreciating in share value.

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Focus on MFBs: Nigerians need education on MFBs - expert

By Musa Adamu

The Managing Director of Future Growth Micro-Finance Bank, Mr Peter Edoki, has said that public education on the operations and mandates of Micro-Finance Banks (MFBs) was desirable, if the sector must achieve what it had set out to do.

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Two coys violate privatisation laws

The Bureau of Public Enterprises (BPE) has said that two companies violated the post-privatisation laws meant to keep the running of the agencies in good shape after the federal government divested its investments.

The BPE spokesman, Mr Chigbo Anichebe, who stated this in an interview with Peoples Daily in Abuja said that other privatised agencies had not been found wanting in terms of compliance with the privatisation purchase agreement.

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Report as at November 28, 2008

Stocks          Open       High       Low        Close      Change  Deals     Units       Value

7UP                  40.85    40           38.81      40.85   0.00         26          27,870        1,082,348.70

ABCTRANS      2.01      2             1.91         1.91       (0.10)       14          347,500      666,207.00

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