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Business

NASD OTC Bourse

NASD OTC Bourse Records 0.64% Decline

September 3, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange fell by 0.64 per cent on Thursday, September 2 on the back of the negative price movements in the shares of Central Securities Clearing Systems (CSCS) Plc and Nigerian Exchange (NGX) Group Plc. Both companies had lifted the unlisted securities market at the previous day but they reversed the gains yesterday
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oil prices driving up Trump

Weaker Dollar, Drop in US Crude Inventories Lift Oil Prices

September 3, 2021
By Adedapo Adesanya Oil prices were up on Thursday following a weaker Dollar and a bigger-than-expected fall in crude stocks in the United States. Brent crude rose 48 cents or 0.46 per cent yesterday to settle at $72.89 a barrel, while the US West Texas Intermediate (WTI) crude went up by 56 cents or 0.79 per cent to settle at
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Parallel Market

Naira Plunges to New Low of N530/$1 at Parallel Market

September 3, 2021
By Adedapo Adesanya The Naira depreciated to a new low against the US Dollar at the parallel market segment of the foreign exchange (FX) market on Thursday, September 2 to trade at N530/$1. Business Post reports that at the preceding session, the local currency was traded at N528/$1, indicating that it lost N2 to the greenback yesterday as forex shortage
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Agricorp International spices export

Agricorp Raises N7.2bn to Boost Spices Export, FX Earnings

September 3, 2021
By Sodeinde Temidayo David Nigerian-based spices producing, processing and exporting company, Agricorp International, has raised $17.5 million, about N7.2 billion in Series A funding to increase its processing capacity up to 7,000 metric tonnes. According to the firm, this was in a bid to build processes to enhance global food systems, as it will become the largest spices export startup
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FX Reserves

Nigeria’s FX Reserves Leap to 3 Month-High of $34.1bn 

September 3, 2021
By Ashemiriogwa Emmanuel For the first time since June this year, the total amount in the external reserves of Nigeria has reached the $34 billion threshold. Data obtained by Business Post from the Central Bank of Nigeria (CBN) showed that the foreign exchange (FX) buffers increased to $34.1 billion on Wednesday, September 1 from $33.5 billion exactly a week earlier.
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Politics

tax compliance

Nigeria Plans New National Tax, Spending, Borrowing Policies

May 13, 2024
By Adedapo Adesanya  Nigeria is set to announce a new set of policies that revolves around borrowing, spending, and taxation before the year ends, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) set up by President Bola Tinubu, Mr Taiwo Oyedele, has disclosed. “Additionally, a new National Tax Policy, Spending Policy, and Borrowing Policy will be
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Travel

Latest

Nigeria’s Parcel-it Secures Funds to Expand Business

By Dipo Olowookere An on-demand logistics start-up in Nigeria known as Parcel-it has obtained funding support from an investor based in Germany to expand its operations and reach out to more markets. The Germany-based investor, Greentec Capital, wants to assist the Nigerian
October 14, 2018
fintechs

First Bank Holds FinTech Summit Wednesday

By Dipo Olowookere One of the leading financial institutions in the country, First Bank Nigeria, will on Wednesday, October 17, 2018, hold a Financial Technology (FinTech) summit in Lagos, the nation’s commercial hub. The event is in line with its corporate strategy
October 14, 2018
t-bills market

T-Bills Market Trades Flat on Liquidity Constraint

By Dipo Olowookere Friday’s session at the treasury bills market was relatively quiet as constraint in system liquidity was significantly compressed by funding for a Retail FX auction by the Central Bank of Nigeria (CBN). According to analysts at Zedcrest Research, there
October 14, 2018
NSE Investors

Market Indices Close Bullish as Investors Gain N14b

By Dipo Olowookere The last trading day of the week on the Nigerian Stock Exchange (NSE) ended bullish on Friday as investors take advantage of the low prices of high value stocks to increase their holdings. The bargain hunting led to the
October 13, 2018
Nigeria's total debts

Nigeria Not in Debt Crisis at the Moment—DMO

By Modupe Gbadeyanka Director-General of Nigeria’s Debt Management Office (DMO), Ms Patience Oniha, has allayed fears of some observers that the country was already in a debt crisis. However, the debt office boss admitted that the nation was not generating enough revenue
October 12, 2018
business in nigeria

Investors Eye Nigeria’s Multi-Billion Dollar Retail Market

By Modupe Gbadeyanka The convergence of AI, tech, and data on Nigeria’s multi-billion dollar plus retail market will be a strategic focus to local and international developers, investors and retailers at the 4th annual West Africa Property Investment Summit taking place on
October 12, 2018
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