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CryptoLocally

CryptoLocally Lists Dogecoin on Decentralized P2P Platform

February 23, 2021
By Adedapo Adesanya CryptoLocally has announced that Dogecoin (DOGE) will be available to trade on its decentralized peer-to-peer (P2P) trading platform, giving Nigerian cryptocurrency traders ease of transactions. DOGE, the cryptocurrency that started as a joke, has become a poster child of the entire industry. Now, users will be able to take advantage of Dogecoin’s bullish market trend. In a
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oil prices fall

Oil Prices Slip on Surprise Inventory Build

February 24, 2021
By Adedapo Adesanya Oil prices slipped on Tuesday following a surprise inventory build in the United States after last week’s winter storm affected production. Brent Crude saw its value chip off 17 cents or 0.26 per cent to trade at $65.07 per barrel, while the United States’ benchmark, West Texas Intermediate (WTI) crude futures, dropped 3 cents or 0.05 per
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Unlisted Securities Market

Unlisted Securities Market Posts Fourth Consecutive Loss

February 24, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a loss on Tuesday and it was the fourth consecutive time this was happening. During the trading session, the unlisted securities market ended in negative territory as a result of the 0.49 per cent slide it closed with. This battered the NASD Unlisted Security Index (NSI) by 3.48 points to
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AIICO rights issue

AIICO, Zenith Bank, 14 Others Lift NSE Index by 0.03%

February 24, 2021
By Dipo Olowookere The Nigerian Stock Exchange (NSE) was saved from the claws of the bears on Tuesday, bringing a sigh of relief to investors, who had been forced to endure a turbulent time lately. The market appreciated by 0.03 per cent, thanks to AIICO Insurance, Zenith Bank and 14 other equities. Zenith Bank on its part contributed chiefly to
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Oando SEC crisis

Confusion Over Fresh Court Order on Suspended Oando AGM

February 24, 2021
By Dipo Olowookere There seems to be confusion over a fresh court order secured by a shareholder of Oando Plc concerning the suspension of the company’s Annual General Meeting (AGM). In 2019, the Securities and Exchange Commission (SEC) suspended the yearly shareholders’ meeting of Oando, preventing the energy firm from meeting its obligations of filing financial statements to the Nigerian
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Politics

unlisted securities exchange

NASD OTC Securities Exchange Drops 0.06%

May 4, 2024
By Adedapo Adesanya Afriland Properties Plc pulled down the NASD Over-the-Counter (OTC) Securities Exchange by 0.06 per cent on Friday, May 3 after its share price went down by 65 Kobo to N11.20 per unit from N11.85 per unit. Business Post reports that the NASD Unlisted Security Index (NSI) fell by 0.65 points to wrap the final session of the
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oil drilling

Nigeria Revokes Licences of Six Oil Blocks

By Modupe Gbadeyanka The operating licences of six oil blocks in Nigeria, Africa’s largest producer of crude oil, have been revoked by government. The affected oil blocks are the Oil Mining Lease (OML) 98 operated by Pan Ocean Oil Corporation, OML 120
June 6, 2019
mtn-sells-shares

MTN Nigeria Awaits CBN Approval for Banking Licence

By Modupe Gbadeyanka Last year, the chief executive officer at MTN Group, Africa’s largest telecommunications company, Mr Rob Shuter, said at an event in South Africa that the firm, which operates in Nigeria, was planning to acquire an independent banking licence in
June 6, 2019

Fresh $938.89m OTC FX Futures Contract Matures on FMDQ

On Wednesday, May 29, 2019, the 35th OTC FX Futures contract, NGUS MAY 29 2019, with value of $938.89 million, matured on the FMDQ platform. According to the FMDQ, this maturity brings the total value of matured Naira-settled OTC FX Futures contracts
June 6, 2019
Angola

Oil Companies Jostle for Licenses in Angola

Angola is at the centre of global energy deals this week as its capital Luanda hosts a plethora of global CEOs and energy investors, and over 1,000 oil industry stakeholders at the Angola Oil & Gas 2019 Conference, organized by Africa Oil
June 6, 2019

DHL Takes eShop to More African Markets

After the initial success recorded by its e-commerce platform, eShop, DHL Africa is looking at entering more African markets. When it started the platform, DHL Africa launched the app in 11 countries across Sub Saharan Africa, with impressive growth recorded in first
June 6, 2019

Azuri Technologies Announces $26m Equity Investment

Leading provider of pay-as-you-go solar home solutions to off-grid households across Africa, Azuri Technologies, has announced a strategic investment of $26 million, led by Fortune Global 500 company, Marubeni Corporation, with additional participation from existing shareholders, including FTSE 250 company IP Group
June 6, 2019
AfCFTA

ECA, ITC Engage Private Sector on AfCFTA

From May 29-30, 2019 in Banjul, The Gambia, the Economic Commission for Africa (ECA) and the International Trade Centre (ITC) held a Gambian Private Sector Workshop on the African Continental Free Trade Area (AfCFTA). The AfCFTA was launched on March 21, 2018
June 5, 2019
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