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Business

NASD OTC Market Capitalisation

NASD to Launch Investor Protection Fund, Strengthen Trading in H2 2021

August 17, 2021
By Ashemiriogwa Emmanuel Following a very impressive first-half performance, the NASD Over-the-Counter (OTC) Securities Exchange is set for an active second half of 2021. In this half of the year, there are plans to commence the NASD Investor Protection Fund (IPF), among other implementations to further strengthen the unlisted securities bourse. The Managing Director and Chief Executive Officer (CEO) of
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BOC Gases

TY Holdings Increases Stake in BOC Gases to 72%

August 17, 2021
By Dipo Olowookere The management of BOC Gases Nigeria Plc has announced the increase of the stake of TY Holdings Limited in the company to 72 per cent. Business Post reports that TY Holdings, owned by a retired army general, Mr Theophilus Yakubu Danjuma, recently acquired 60 per cent of the organisation’s stocks amounting to 249,746,823 units from BOC Holdings
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Bamboo

Illegal FX Transactions: Panic as CBN Freezes Accounts of Bamboo, Chaka, Others

August 18, 2021
By Adedapo Adesanya The Central Bank of Nigeria (CBN) threw another bombshell on Tuesday as a federal high court in Abuja granted its request to freeze bank accounts of a few financial technology (fintech) companies for 180 days. The affected companies were Rise Vest Technologies Limited, Bamboo Systems Technology Limited, OPNS, Chaka Technologies Limited, CTL/Business Expenses and Trove Technologies Limited.
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crude oil in gongola

Surging COVID Cases, Poor Asian Demand Further Weaken Crude Prices

August 18, 2021
By Adedapo Adesanya Crude oil prices weakened for the fourth session on Tuesday on the back of surging cases of coronavirus in Japan and a weak demand picture in Asia. Japan, the world’s third-largest economy, extended its state of emergency in Tokyo and other regions on Tuesday and announced new measures covering seven more prefectures to counter a spike in
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I&E

Naira Appreciates at Investors’ Segment as Cryptos Dip

August 18, 2021
By Adedapo Adesanya The Naira appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (FX) market on Tuesday, August 17 by 0.04 per cent or 17 kobo. Business Post reports that at the market segment yesterday, the Naira was sold for N411.50/$1 as against the previous rate of N411.67/$1. The local currency closed
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Politics

transcorp hotels financial results

Transcorp Hotels, Others Jumpstart Stock Market by 0.05%

April 26, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to the green territory on Thursday after two trading days in the bears’ domain, though weak investor sentiment remained. It marginally closed higher by 0.05 per cent yesterday on the back of bargain-hunting and cherry-picking in equities with sound fundamentals selling at cheaper prices. A pocket of buying pressure witnessed during
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Travel

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Ezekwesili Remembers Late Father

Frontline female candidate in the 2019 presidential elections, Obiageli ‘Oby’ Ezekwesili on Saturday marked the 30th anniversary of her father’s death with a post eulogising his memory. Her father, who raised Oby and her siblings from his income working at the Nigeria
October 21, 2018

NASD Joins Lagos Chamber of Commerce

By Dipo Olowookere The NASD OTC Securities Exchange Plc has officially joined the Lagos Chamber of Commerce and Industry (LCCI). The LCCI is the 2nd oldest chamber of commerce in Africa. With its joining of the group, NASD brings its services as
October 21, 2018
Quickteller Global Mall

Quickteller Launches New Product to Ease International Trade

By Dipo Olowookere A new product to make international trade less cumbersome and safer has been launched by Quickteller. The new service, known as Quickteller Global Mall, was developed in furtherance of the company’s commitment toward enhancing easy and better service delivery.
October 21, 2018

Manchester United, True Religion Unveil Denim Range

By Dipo Olowookere A luxury denim brand known as True Religion has partnered with leading football outfit, Manchester United of England, to launch a range of premium club branded denim wear. A first for the club, the new global partnership with the
October 21, 2018

FedEx Acquires Manton to Expand Freight Forwarding Services

By Dipo Olowookere A deal has been agreed between FedEx Corporation and Manton Air-Sea Pty Ltd for the acquisition of the latter. Manton is a leading provider of logistics services, including freight forwarding and customs brokerage solutions. With operations across Australia, Manton
October 21, 2018

Alsea Gets Licence to Operate Starbucks Stores in Four Countries

By Dipo Olowookere Renowned coffee maker, Starbucks, has announced its intention to fully license its operations in France, the Netherlands, Belgium and Luxemburg to its longstanding strategic partner Alsea, the largest independent chain restaurant operator in Latin America. A statement issued by
October 21, 2018
insurance industry

NAICOM Suspends Recapitalisation of Insurance Firms

By Dipo Olowookere The implementation of Tier-based Minimum Solvency Capital policy for insurance companies operating in Nigeria has been suspended by the industry’s regulator, National Insurance Commission (NAICOM). This information was made known by NAICOM in a circular to all insurance institutions
October 21, 2018

Tonye Cole Will Defeat Wike in 2019—Tatua

By Ebireri Henry Ovie A chieftain of the All Progressives Congress (APC), Mrs Ibifuro Tatua, on Friday spoke on the entrepreneurial acumen of the party’s gubernatorial candidate in Rivers State, Mr Tonye Cole, saying he is the perfect antidote to Governor Nyesom
October 20, 2018

El-Rufai Finally Kicks Shehu Sani Out of APC

By Dipo Olowookere The supremacy battle between Governor Nasir El-Rufai of Kaduna State and the Senator Shehu Sani has finally been won by the former. Mr Sani is an activist and the lawmaker representing Kaduna Central Senatorial District at the National Assembly.
October 20, 2018
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