Economy - Page 1606

Oil Prices Plummet on US Inventory Build, Inflation

May 2, 2024

By Adedapo Adesanya Oil prices continued plummetting on Wednesday following a surprise inventory build and uncertainty about interest rate cuts in the United States

Economy

Dangote Replies BUA Group Allegations

December 20, 2017

Dipo Olowookere

By Dipo Olowookere The allegations raised by BUA International Limited against Dangote Group have been responded to by the latter. In a statement issued

Economy

Nigeria 6th on Africa Financial Markets Index

December 20, 2017

Dipo Olowookere

By Dipo Olowookere Nigeria has been ranked sixth on the Africa Financial Markets Index released recently think tank Official Monetary and Financial Institute Forum

Economy

Interbank Rate Jumps after CBN N130b Liquidity mop-up

December 20, 2017

Dipo Olowookere

By Dipo Olowookere Overnight interbank lending rate in Nigeria increased sharply on Tuesday after the Central Bank of Nigeria (CBN) sold treasury bills through

Economy

Asian Stocks Rise as World Bank Raise Forecast for China’s Growth

December 19, 2017

Modupe Gbadeyanka

By Investors Hub Asian stocks advanced on Tuesday as investors remained optimistic about the outlook for Republican tax reform and the World Bank raised

Economy

European Stocks Close Mixed as Investors Remain Cautious

December 19, 2017

Modupe Gbadeyanka

By Investors Hub European shares were mixed on Tuesday, with dollar weakness and disappointing business confidence figures from Germany keeping investors cautious ahead of

Economy

Futures Pointing to Initial Strength on Wall Street

December 19, 2017

Modupe Gbadeyanka

By Investors Hub Major U.S. index futures are pointing to a mixed opening on Tuesday after the upward move to record highs in the

Economy

Stockbrokers Institute Inducts Onyema as Associate Member

December 19, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The Chartered Institute of Stockbrokers (CIS) of Nigeria has inducted Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar

Economy

Profit Takers Weaken Stock Market Further by N62b

December 19, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka Activities of profit-takers on the floor of the Nigerian Stock Exchange (NSE) further left the market in the red territory today,

Economy

Stanbic IBTC Allots 49.5m Scrip Shares to Shareholders

December 19, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka A total of 49,465,731 ordinary shares of 50k each have been distributed to shareholders of Stanbic IBTC Holdings. The addition ordinary

Economy

Court Dismisses Fraud Suit against Aiteo’s Benedict Peters

December 19, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The fraud allegations against oil entrepreneur and Executive Vice Chairman of Aiteo Group, Mr Benedict Peters, have been described as baseless

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