NSE Records N29.2b Turnover as Index Rises 6.07%

By Bliss Okperan A foremost content reader, FeedSpot, has named Business Post Nigeria as one of the Top 25 Nigeria Personal Finance Blogs. In the list, Business Post was placed in the 8th position, ranking among other reputable online platforms serving readers with quality and educative business and financial news reports and articles. In the top 10, FeedSpot listed Nairametrics as number one, followed by UBA Group, Financial Nigeria Magazine, Investors King, Cowrywise Blog, Financial Watch, MakeMoney, Business Post Nigeria, Nigeria Galleria Blog, and Money Matters with Nimi. Other platforms listed were LagosMums, Financengr, Rosabon Financial Blog, Ohimai Consulting Blog,

By Adedapo Adesanya Though the supply of foreign exchange (FX) in Nigeria has remained low, the Naira closed stronger against the United States Dollar in the Investors and Exporters (I&E) and the Peer-to-Peer (P2P) segments on Wednesday, September 20, and maintained stability in the parallel market. According to data obtained from FMDQ Securities Exchange, the local currency appreciated against the Dollar in the midweek session by 0.76 per cent or N5.89 to sell for N770.71/$1 versus the previous rate of N776.60/$1 amid a decline in the value of forex transactions by 9.4 per cent or $6.65 million to $64.36 million

By Adedapo Adesanya The average price of Premium Motor Spirit (PMS), otherwise known as petrol, surged by 230.8 per cent on a year-to-year basis to N626.70 per litre in August 2023 versus N189.46 per litre in the same period of 2022. This is according to the National Bureau of Statistics (NBS) in its Premium Motor Spirit (Petrol) Price Watch (August 2023), which showed that the average retail price increased on a month-on-month basis by 4.39 per cent from N600.3 per litre in July. The skyrocketing cost of petrol came as President Bola Tinubu, during his inauguration speech on May 29,

By Modupe Gbadeyanka On Friday, June 17, 2022, a total of 779 intending pilgrims from Oyo State will leave the shores of Nigeria for this year’s Hajj exercise in Saudi Arabia. According to information gathered by Business Post, the first batch of pilgrims will travel to neighbouring Lagos State from Ibadan on Thursday, June 16 before boarding a flight to the Holy Land the following day. On Wednesday, June 15, the Governor of Oyo State, Mr Seyi Makinde, is expected to meet with the intending pilgrims to bid them welfare. While of Hajj clothes, bags and other needed materials to

By Dipo Olowookere A strategic partnership has been signed between Fashion One LLC, a New York-based international fashion, entertainment and lifestyle television network, and Virtual Xchange Group, Africa’s leading creative, production and events company. The deal is expected to make African viewers be at the forefront of the latest fashion and lifestyle trends, with Virtual Xchange Group and Fashion One collaborating on the production of bespoke content for African audiences besides showcasing Fashion One’s industry-leading global content. Virtual Xchange Group will also engage a broader audience through collaborative marketing activity on digital platforms. The partnership means that Fashion One will

By investors Hub European stocks are turning in a lackluster performance on Friday as weak GDP data from China has rekindled growth worries and doubts swirl both about the merits of Boris Johnson’s Brexit deal and about the likelihood of the deal getting through parliament. A slew of disappointing earnings has also kept investors nervous. While the French CAC 40 Index has fallen by 0.4 percent, the U.K.?s FTSE 100 Index and the German DAX Index are nearly unchanged. Renault shares have slumped after the automaker cut its operating margin and revenue outlook for fiscal year 2019, citing a less

By Investors Hub Asian stocks rose on Friday after U.S. shares extended their winning streak to five sessions overnight, shrugging off concerns over inflation and higher interest rates. Trading volumes remained light across Asia as markets in China, Hong Kong, Indonesia, Malaysia, Singapore and Taiwan remained closed for the Lunar New Year holiday. Chinese markets remain closed until February 21st. Japanese shares saw a relief rally after the government nominated Haruhiko Kuroda to serve a second five-year term as the head of the Bank of Japan, a signal that easy monetary policy will continue. The Nikkei 225 Index jumped 255.27

By Dipo Olowookere Small business owners looking to improve earnings and stay up to date with the latest ways of doing business will have the opportunity to do so. This is because the Development Bank of Nigeria (DBN) is planning to organise a training programme for those in the Micro, Small and Medium Enterprises (MSMEs) sector in Nigeria. The bank has concluded plans to hold the 2020 edition of its Entrepreneurship Training Programme in a demonstration of its commitment to provide capacity building for business owners in the country. According to a statement from the lender, participants will be equipped

By Dipo Olowookere This week, treasury bills worth N234.32 billion will mature via both the primary and secondary markets. This will be more than enough to offset treasury bills worth N53.96 billion to be auctioned by the Central Bank of Nigeria (CBN). Consequently, market players are expecting moderation in interbank lending rates this week amid expected ease in financial system liquidity. Last week, the central bank auctioned treasury bills worth N95.72 billion via the primary market; viz 91-day bills worth N6.22 billion, 182-day bills worth N4 billion and 364-day bills worth N85.50 billion. Their respectively spot rates fell to 11.75

By Adedapo Adesanya The federal government is targeting the elimination of 300 tonnes of electronic waste (e-waste) from the environment by the first quarter of 2021 through the implementation of its Global Environmental Facility (GEF) programme. This was disclosed by the Director-General, National Environmental Standards and Regulations Enforcement Agency (NESREA), Mr Aliyu Jauro, while declaring open a four-day training on e-waste management in Lagos. The theme of the training is Executable Building Programme for Enforcement Officers and Value Chain for the EPR on the Circular Economy; Approaches for Electronic Sector in Nigeria and will run from Monday, November 23 –

By Investors Hub Asian stocks finished mostly lower on Thursday as investors fretted about slowing Chinese growth and the impact of rising U.S. interest rates. Treasury yields edged higher and the dollar firmed up after minutes of the Federal Reserve’s latest monetary policy meeting showed broad consensus for further interest rate hikes on the back of robust economic growth and strong labor market conditions. Chinese markets succumbed to heavy selling as core lending data disappointed and the yuan hit its weakest level in almost two years, testing the government’s ability to maintain financial stability amid slowing economic growth. The benchmark