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Business

Trading Volume

NGX Index Rises 0.32% on Improved Trading Volume

August 20, 2021
By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.32 per cent on Thursday backed by double-digit growth in the trading volume. Business Post reports that the volume of shares transacted by investors yesterday rose by 52.82 per cent to 201.8 million units from 132.1 million units transacted on Wednesday. However, the value of trades went down by 37.17
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IGuide Nigeria

FG Urges Investors to Explore iGuide Nigeria Platform

August 20, 2021
By Ashemiriogwa Emmanuel The federal government has advised investors to take advantage of iGuide Nigeria, an online platform designed to enable capitalists to make informed decisions concerning the country. The initiative was launched in 2018 and as it houses information about every aspect of starting and running a business in Nigeria. The Minister of Industry, Trade and Investment, Mr Niyi
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Petroleum Act

Petroleum Act: Sylva Charges Team to Transform Sector

August 20, 2021
By Adedapo Adesanya The Minister of State for Petroleum Resources, Mr Timipre Sylva, has charged the Steering Committee to do a stellar job in the implementation of the Petroleum Industry Act (PIA). The Minister gave this task to the team headed by him at the inauguration ceremony in Abuja following the approval of President Muhammadu Buhari to form a panel
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Rabiu Olowo Onaolapo

Lagos to Borrow Fresh N125bn for Infrastructure from Bond Sales

August 20, 2021
By Sodeinde Temidayo David The Lagos state government is planning to approach the capital market to raise funds worth N125 billion through the sale of bonds to execute some projects in the state. This is not the first time the commercial capital of Nigeria is exploring the local debt market to source capital for infrastructure. In 2020, the state government
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12.5kg Cooking Gas

12.5kg Cooking Gas Sold at N4,422 in July—NBS

August 20, 2021
By Ashemiriogwa Emmanuel The average price of refilling a 12.5-kilogramme cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, increased by 3.1 per cent in July to N4,422. This was disclosed by the National Bureau of Statistics (NBS) in its Liquefied Petroleum Gas (LPG) Price Watch Report for July 2021. In the report analysed by Business Post, the
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Politics

map of nigeria

Nigeria to Lose Africa’s Largest Economy Status, Drop to Fourth—IMF

April 19, 2024
By Adedapo Adesanya Nigeria is likely to lose its status as Africa’s largest economy and drop to fourth place this year after a series of Naira devaluations, International Monetary Fund (IMF) forecast show. According to the IMF’s World Economic Outlook as reported by Bloomberg, Nigeria’s estimated gross domestic product stands at $253 billion based on current prices this year. This
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Travel

Latest

Group Begs Atiku to Develop South East

By Dipo Olowookere The Central Working Committee (CWC) of the South East Revival Group (SERG) has declared the emergence of former Vice President Atiku Abubakar as a good omen for the country at large and the south eastern Nigeria in particular. While
October 10, 2018
insurance industry

Insurance Sector Stakeholders Seek Improved Tax Regime

By Dipo Olowookere Government has been called upon to collaborate with stakeholders in the insurance sector to work out ways of streamlining the taxation applicable to the industry. This appeal was made recently in Lagos at the one-day seminar organized by Leadway
October 10, 2018
Unilever Nigeria

Unilever Nigeria Returns Market Indices to Danger Zone

By Dipo Olowookere The Nigerian Stock Exchange (NSE) reversed the gains recorded on Monday to close bearish on Tuesday after shedding 0.08 percent to leave the year-to-date loss to 15.23 percent. However, the volume of shares transacted by investor at yesterday’s session
October 10, 2018

Money Market Rates Remain Calm as T-Bills Yields Shed 0.05%

By Dipo Olowookere The money market rates were relatively calm on Tuesday as system liquidity remained buoyant at N244 billion positive. Business Post reports that the average money market rates depreciated by 0.46 percent following the 0.33 percent and 0.58 percent decline
October 10, 2018

Renmoney Wins Microfinance Excellence Award

By Dipo Olowookere Nigerian consumer lending company, Renmoney, has emerged winner of the Award for Excellence in Microfinance Banking. The award was presented to the firm recently at the 8th New Age Banking Summit held at the Lagos Continental Hotel, Victoria Island.
October 9, 2018
senate-scrapped-ncc-nominee

Buhari Seeks Approval to Borrow $2.8b for 2018 Budget

By Dipo Olowookere President Muhammadu Buhari on Tuesday, October 9, 2018, wrote a letter to the Senate, seeking its approval to borrow $2.8 billion from the international capital market. This information was made known today by the Senate President, Mr Bukola Saraki,
October 9, 2018

Asian Equities Crash as Investors Watch Yuan Movements

By Investors Hub Asian stocks ended mostly lower on Tuesday as investors fretted about the impact of rising interest rates, U.S.-China tensions and Italy’s decision to expand budget deficits. The trade war between China and the United States may intensify after China
October 9, 2018
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