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Business

UAC Shareholders

UAC Shareholders to Meet for Transfer of UPDC REIT Stocks

August 20, 2021
By Dipo Olowookere On Monday, September 20, 2021, shareholders of UAC Nigeria Plc will gather for a court-ordered meeting (COM) to decide on what to do with the shares of the company in UPDC Real Estate Investment Trust (REIT). Business Post reports that on Friday, July 23, 2021, the company obtained an order from a federal high court to convey
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Price of Petrol

Price of Petrol Rises 0.2% to N165.91/Litre in July 2021

August 20, 2021
By Sodeinde Temidayo David The average price paid by consumers for premium motor spirit (PMS) otherwise known as petrol increased month-on-month by 0.2 per cent to N165.91 in July 2021 from N165.61 in June 2021. In its Premium Motor Spirit (Petrol) Price Watch for July 2021, the National Bureau of Statistics (NBS) said the commodity saw a rise on a
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FAAC disburses

FAAC Disburses N760.7bn to FG, States, LGs in August

August 21, 2021
By Aduragbemi Omiyale The federal, states and local governments in Nigeria have shared the sum of N760.7 billion generated as revenue in July 2021. A communiqué issued by the federal government at the end of the virtual meeting of the Federation Accounts Allocation Committee (FAAC) on Friday, August 20, 2021, confirmed this. According to the notice, the federal government got
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unlisted stocks Nigeria

Value of Unlisted Stocks in Nigeria Declines to N639.77bn

August 21, 2021
By Adedapo Adesanya The last trading session of the week on the floor of the NASD Over-the-Counter (OTC) Securities Exchange ended on a sour note. This was because the unlisted securities market depreciated by 0.11 per cent at the close of transactions on Friday, August 20, 2021. The fall reported yesterday further reduced the value of unlisted stocks in Nigeria
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brent crude oil

Brent Drops Below $65 as Delta Variant Further Weakens Demand

August 21, 2021
By Adedapo Adesanya The price of the Brent crude further fell on Friday, August 20 as it sold below $65 per barrel after losing $1.27 or 1.91 per cent to $64.87 per barrel. The global crude benchmark was not the only decliner yesterday as the United States’ crude benchmark, the West Texas Intermediate (WTI) crude oil futures, went down by
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Politics

DLM trust

DLM Trust Launches DLM Single Asset Trust

May 2, 2024
DLM Trust, a subsidiary of DLM Capital Group has introduced DLM Single Asset Trust, a variant of the Living Trust construct that allows for a groundbreaking solution for individuals or corporations seeking to settle assets into a trust, for the benefit of themselves and their chosen beneficiaries. The DLM Single Asset Trust guarantees that peoples’ assets are protected and managed
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Travel

Latest

Cutix plc

Cutix Imports 95% of Raw Materials—Management

By Dipo Olowookere Nigeria-based manufacturer of electric cables and wires, Cutix Plc, has disclosed that 95 percent of its raw materials are imported into the country. This disclosure was made by the company’s Head of Quality Control Department, Engineer Arinze Okwuosa while
October 23, 2018
DBN New TV Commercials

Development Bank of Nigeria Joins SME Finance Forum

By Dipo Olowookere The SME Finance Forum now has a new member and it is the Development Bank of Nigeria (DBN), a company established by the federal government in collaboration with global development partners to address the major financing challenges facing Micro,
October 23, 2018
naira and dollar

Naira Depreciates by 0.02% at Interbank, I&E Windows

By Dipo Olowookere The local currency opened bearish at the first trading day of the week on Monday, going down by 0.02 percent at both the interbank and Investors and Exporters segments. Business Post reports that the Naira closed at N306.55 against
October 23, 2018
t-bills market

T-Bills Market Bullish as Yields Drop to 13.73%

By Dipo Olowookere Activities resumed yesterday at the secondary market for treasury bills with investors cherry-picking on attractive rates on the short end of the curve (Nov – Jan). Also, market players maintained a risk off stance to maturities on the longer
October 23, 2018

No Plan to Impeach Ambode Now–Lagos Assembly

By Modupe Gbadeyanka Lagos State House of Assembly has allayed fears that the is an underground plot to remove Governor Akinwunmi Ambode from office. Speaker of the legislative arm of the Lagos State government, Mr Mudashiru Obasa, said during plenary on Monday
October 22, 2018
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