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Business

FGN Savings Bonds

NGX Lists Two Additional FGN Savings Bonds

August 18, 2021
By Aduragbemi Omiyale Two additional FGN savings bonds have been listed on the trading platform of the Nigerian Exchange (NGX) Limited. The new papers, issued to investors in August 2021, were admitted on the exchange on Wednesday, August 18, 2021, a notice from the NGX confirmed. In a notification, the stock exchange disclosed that the amount issued under the 8.864
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oil drilling

Apprehension as Oil Trades $67 on Poor Demand Outlook

August 19, 2021
By Adedapo Adesanya Oil prices weakened further by more than 2 per cent on Wednesday, compounding more worries for the global market due to a sour outlook for fuel demand as COVID-19 cases surge worldwide, outweighing a fall in crude inventories. Yesterday, the Brent crude oil futures went down by $1.59 or 2.3 per cent to $67.44 per barrel, while
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Parallel Market

Naira Drops to N517/$1 at Parallel Market

August 19, 2021
By Adedapo Adesanya The Naira depreciated by N2 against the US Dollar at the parallel market on Wednesday, August 18 to trade at N517/$1 compared to N515/$1 it sold at the previous session. Also, at the same unregulated segment of the foreign exchange (FX) market, the local currency depreciated against the Pound Sterling by N1 to sell for N707/£1 in
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FrieslandCampina

FrieslandCampina Lifts NASD OTC Bourse by 0.04%

August 19, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) returned to the positive zone on Wednesday with a growth of 0.04 per cent, thanks to FrieslandCampina WAMCO Plc. The share price of the milk producer closed 50 kobo or 0.2 per cent higher yesterday to N120.50 per unit compared with the previous closing price of N120.25 per unit. This appreciation in the
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Volatility Index for Nigerian Stock Market

Selloffs Bring Down Nigerian Stock Market by 0.01%

August 19, 2021
By Dipo Olowookere The Nigerian stock market succumbed to profit-taking on Wednesday, losing 0.01 per cent as a result of selloffs in GTCO, FBN Holdings, Access Bank, Ecobank and 13 others. The delay in the release of the half-year results of tier-one banks at the Nigerian Exchange (NGX) Limited is still making some investors trade cautiously. They want to see
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Politics

Salesforce Public Sector Einstein 1 for Service

Salesforce Introduces Tool to Boost Government Service Delivery

April 19, 2024
By Modupe Gbadeyanka An innovative solution to help government employees automate administrative tasks and provide faster service to constituents has been introduced by Salesforce. The trusted generative Artificial Intelligence (AI) application known as Public Sector Einstein 1 for Service combines the power of Customer Relationship Management (CRM) with trusted AI and data analytics. It will allow agencies to quickly and
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Travel

Latest

Senegal to Host Youth Olympic Games 2022

By Modupe Gbadeyanka The International Olympic Committee (IOC) has nominated Senegal as host country for the 4th Summer Youth Olympic Games (YOG) in 2022, making it the first Olympic event in history to take place on the African continent. One of the
October 12, 2018

DHL Retains Spot as Top Employer in Africa

By Modupe Gbadeyanka DHL Express has been recognised as a Top Employer in Africa for the fifth consecutive year, at the prestigious Top Employer Africa 2019 certification ceremony, held at the Sandton Convention Centre in Johannesburg on Thursday, October 4, 2018. Hennie
October 12, 2018

Uduaghan Makes Case for Operators of Illegal Refineries

By Modupe Gbadeyanka Former Governor of Delta State and senatorial candidate of the All Progressives Congress (APC) in Delta South Senatorial District, Mr Emmanuel Uduaghan, has called on the Nigerian authorities to look for better ways to handle to issue of illegal
October 12, 2018

Cowbellpedia 2018: South-South Picks Last Semi-Final Slots

By Modupe Gbadeyanka Representatives of the South-South states of Rivers, Akwa Ibom and Bayelsa have grabbed the last four slots in the on-going 2018 Cowbellpedia Mathematics Television Quiz Show. The programme is sponsored by makers of Cowbell Milk, Promasidor Nigeria Limited, which
October 12, 2018
polaris bank nigeria

AMCON to Sell Polaris Bank Before 2021

By Modupe Gbadeyanka Last month, the Central Bank of Nigeria (CBN) revoked the operating license of Skye Bank Plc, announcing Polaris Bank Limited as a bridge bank. The move by the apex bank generated mixed reactions with some observers pointing out that
October 12, 2018
Stockbrokers

SEC Gives Deadline for Stockbrokers to Join Trade Groups

By Modupe Gbadeyanka All Capital Market Operators (CMO) in Nigeria have been given till December 31, 2018 to belong to at least one trade groups or associations in the industry. This directive was contained in a statement issued by the management of
October 12, 2018
Nigerian Stock Market

Would Markets Blow off Good Q3 Earnings?

By United Capital Research The lingering conception about markets is that “profits drive prices”. Yet, the Q2-18 earnings season turned this truth on its head; despite earnings growth of more than 3 percent, market performance was largely underwhelming as investors had more
October 12, 2018

BGAM Services Limited Acquires New Vessel

By Modupe Gbadeyanka BGAM Services Limited has become the first oil and gas company to access the Nigerian Content Intervention Fund (NCI Fund). The firm recently acquired a security vessel after accessing the local content fund in care of the Nigerian Content
October 12, 2018
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