NASD OTC Bourse Extends Green Run by 0.41% in Week 38

By FBS As Black Friday approaches, global broker FBS delves into the relationship between the year’s biggest sales season and its impact on the financial markets. The FBS analysts particularly discover the trends of the world’s largest economy – the American. They analysed reactions across assets and macroeconomic conditions to understand the Black Friday impact better. What influences the Black Friday numbers FBS analysts highlight three critical indicators for gauging Black Friday’s impact on the US economy: the number of buyers, the average amount spent, and the total spending. Over the past 18 years, notably successful in terms of total

By Adedapo Adesanya  Oil prices fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium and indicated that the Israel-Hamas tensions may not have much effect on the oil market. Brent crude futures depreciated by 84 cents or 1 per cent at $80.58 a barrel, while the US West Texas Intermediate (WTI) crude dropped $1.56 or 2 per cent to close at $75.54. There was no settlement for WTI on Thursday owing to the US Thanksgiving holiday. Prices notched their first week of gains in over a month ahead of next week’s meeting of

By Aduragbemi Omiyale The sum of N75 million has been disbursed to 15 small and medium-sized businesses (SMBs) in Nigeria to support their expansion drive. The funding package was given by Google’s Hustle Academy, with beneficiaries drawn from various industries, including agriculture, and fashion, among others. The 15 Nigerian small business owners were among the 5,300 entrepreneurs who graduated from the academy, designed by the tech giant to provide an avenue for participants to enhance their business skills and knowledge, and contribute to the growth of the continent’s economy. The recipients of the funding support are Ifeoma Augusta Anselem of

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded yet another positive week-on-week performance after stretching its gains by 1.44 per cent in Week 47. This expanded the portfolios of NASD investors by N17 billion in the week to N1.162 trillion from the N1.145 trillion recorded in Week 46, as the NASD Unlisted Security Index (NSI) increased by 12.16 points to 857.29 points from 845.13 points in the previous week. The trading week was with three price gainers and three losers, with Aradel Holdings Plc on top of the advancers’ chart after it grew by 10 per cent to finish

By Dipo Olowookere Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Kacalla Baru, has said efforts were on the way to repair Kaduna-Kano; Kaduna-Jos; Kaduna-Suleja) pipelines. He made this disclosure over the weekend when he supervised the recommencement of loading operations activities at its Mosimi Area depot in Ogun State, which marked a major milestone in NNPC’s quest to ensure steady supply and distribution of white petroleum products across the entire nation. “Already, plans are underway to re-commission System 2D (Kaduna-Kano; Kaduna-Jos; Kaduna-Suleja) pipeline. Very soon Kano, Jos and Suleja will experience the impact of our

Do you know the name of Alexander Chapman Ferguson? Unlikely. The only thing that indicates the legendary coach is his surname. If you think of Sir Alex Ferguson, then you are absolutely right. He is considered a living football legend and the most successful coach of our time. Ferguson played for various clubs until he got to Manchester United. Not all of them can be found in the live score section because most of them have remained in history. Alex Ferguson took over Manchester United back in 1986. The first thing the new coach did was modernize the existing training

By Dipo Olowookere A whopping N600 million has been set aside by Diamond Bank Plc to reward its loyal customers in the DiamondXtra Season 9 bonanza. Activities planned for the season include extra ordinary draws that will produce 3164 lucky winners throughout Q3 2017. According to information made available to the press, the Bank stated that in the months of July, August and September, N137 million will be given out to lucky customers that will emerge from the draws: 8 millionaires in July and September while 24 millionaires will emerge in August as N1 million will be won by a

By Dipo Olowookere By the year 2020, Nigeria’s crude oil and gas reserves should have reached 40 billion barrels and 200 trillion cubic feet respectively, the Nigerian National Petroleum Corporation (NNPC) has said. The current Nigeria’s oil and gas reserves are around 37 billion barrels and 192 trillion cubic feet (tcl) respectively. The agency promised to sustain frontier exploration in the inland basins in order to meet Federal Government’s aspiration to achieve this. Group Managing Director of NNPC, Dr Maikanti Baru, while speaking in a keynote address titled: ‘NNPC’s Commercial Strategy and Priorities’ at the Nigeria Oil and Gas Conference

By Modupe Gbadeyanka The globally recognised real estate-focused West African Property Investment (WAPI) Summit, which recently took place between the 28th and 29th of November 2017 provided delegates with insight into a real estate sector that is set to rebound strongly in 2018. During the summit, two of the continent’s foremost real estate analysts presented a collaborative white paper: Nigeria’s Real Estate Investment Trust (REITs) market, which provides cause of optimism in one of the most underinvested and marginalised markets of the Nigerian stock market. The white paper is authored by Stanbic IBTC’s head of real estate finance for West

By Dipo Olowookere A formidable group in Delta State known as Inspired Youths is drumming support for ex-governor and Delta South senatorial candidate of the All Progressives Congress (APC), Dr. Emmanuel Ewetan Uduaghan to represent the zone in 2019. The group which spoke through their leader, Joy Omodafe reiterated that their support for the former governor was not unconnected with his landmark achievements during his tenure in the state as governor. She disclosed that they were prepared to mobilize thousands of their supporters who are mostly youths and women from across Delta South Senatorial District come 2019 elections especially as

By Dipo Olowookere There are strong indications that fresh funds would be injected into Diamond Bank Plc from new investors interested in the Nigerian tier-2 lender. However, to make this a reality, some key members of the board of directors of the bank had to be sacrificed to make way for representatives of the new moneybags in the board. Lately, shareholders of Diamond Bank had not been happy with the results of the financial institution. Specifically, they have not been comfortable with the management style of the Managing Director/CEO, Mr Uzoma Dozie. In fact, some of the shareholders had been

By Modupe Gbadeyanka Last Friday, Minister of State for Petroleum Resources, Mr Emmanuel Ibe Kachikwu, laid the foundation of the Nigerian Oil and Gas Park being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Emeyal-1, Ogbia Local Government Area of Bayelsa State. When completed, the park will generate about 2000 jobs and also create a regional low-cost manufacturing hub that will produce equipment components and spare parts to be utilized in the nation’s oil and gas industry. NCDMB said it was working to establish oil and gas parks in five oil producing states, with the Emeyal-1 project