Economy - Page 1370

Panic as Nigerian Government Resumes Clampdown on Street FX Traders

May 7, 2024

By Dipo Olowookere There is palpable fear in the black market segment of the currency market in Lagos as security officials have resumed clampdown

Economy

NEM Insurance Risks NSE Suspension, Fined N.575m

October 25, 2018

Dipo Olowookere

By Dipo Olowookere For contravening Rule 19.3 of its Rulebook, the Nigerian Stock Exchange (NSE) has fined NEM Insurance Plc, one of the insurance

Economy

PotNetwork Holdings Grows Revenue by 37% to $6.1m in Q3

October 25, 2018

Dipo Olowookere

By Dipo Olowookere A 37 percent growth in revenue has been recorded by PotNetwork Holdings in the third quarter results released by the firm

Economy

Baker & Taylor Joins Publiseer to Expand Library Distribution Services

October 25, 2018

Dipo Olowookere

By Dipo Olowookere Book libraries are a big deal and a growing opportunity for independent authors around the world. This is the reason why

Economy

AfDB Unveils $500m Insurance Deal

October 25, 2018

Dipo Olowookere

By Dipo Olowookere A $500 million credit insurance deal has been signed between the African Development Bank (AfDB) and African Trade Insurance Agency (ATI).

Economy

Equities Lose N287b as Investors Take Profit

October 25, 2018

Dipo Olowookere

By Dipo Olowookere The equities market in Nigeria was returned to the red territory on Wednesday as a result of profit taking by investors.

Economy

Treasury Bills Yields Rise Ahead of Anticipated OMO Auction

October 25, 2018

Dipo Olowookere

By Dipo Olowookere Ahead of the anticipated sale of treasury bills via the Open Market Operations (OMO) by the Central Bank of Nigeria (CBN)

Economy

FG Renews Oranto Petroleum Licence for OPL 293 Oil Block

October 24, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The operating licence granted to Nigeria-based Oranto Petroleum for OPL 293 oil and gas block has been renewed by federal government.

Economy

T-Bills Market Reverses Gains as Cost of Funds Drop

October 24, 2018

Modupe Gbadeyanka

By Modupe Gbadeyanka The cost of funds depreciated on Tuesday as the average money market rate declined by 5.75 percent to close at 15.40

Economy

NSE Index Sustains Growth by 0.69% Despite Drop in Trading Volume

October 23, 2018

Dipo Olowookere

By Dipo Olowookere The local stock market maintained its bullish trend on Tuesday as the third quarter earnings continue to impress investors. More companies

Economy

How Solar Power is Changing Lives in Africa

October 23, 2018

Dipo Olowookere

By Dipo Olowookere In June 2018, Bouake, the second largest city of Cote d’Ivoire, suffered its first-ever shutdown of domestic water supply. The country’s

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