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Business

Domestic Currency

Domestic Currency Appreciates to N411.5/$1

September 4, 2021
By Adedapo Adesanya The Naira finished the week stronger against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday. At the trading session, the domestic currency appreciated by 17 kobo or 0.04 per cent to sell at N411.5/$1 compared to N411.67/$1 it was transacted on Thursday. The local currency was strengthened
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NASD OTC market

CSCS, UBN Property Depress NASD Market Cap by 0.68%

September 4, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the negative zone on Friday as it went down by 0.68 per cent at the close of business. The NASD market closed bearish as a result of the decline in the share prices of Central Securities Clearing Systems (CSCS) Plc and UBN Property Plc. During the trading
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Nigerian Stock Market

Nigerian Stock Market Posts 0.02% Growth

September 4, 2021
By Dipo Olowookere A marginal growth of 0.02 per cent was recorded at the Nigerian stock market on Friday on the back of a sustained bargain hunting in consumer goods and industrial goods equities. This pushed the consumer goods and the industrial goods sectors higher by 0.13 per cent and 0.11 per cent respectively, while the insurance, energy and banking
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Nigeria's Private Sector

Nigeria’s Private Sector Records Slowest Growth in Six Months

September 5, 2021
By Modupe Gbadeyanka Last month, the private sector in Nigeria witnessed its slowest growth in six months, data from the Purchasing Managers’ Index (PMI) of Stanbic IBTC Bank Plc has shown. In the Stanbic IBTC Bank Nigeria PMI, it was disclosed that the index slipped to 52.2 in August from 55.4 in July, with the decline attributed to softer inflows
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securities trading patterns

NGX Hints at Change in Securities Trading Patterns

September 6, 2021
By Aduragbemi Omiyale In the next few months, securities trading patterns on the floor of the Nigerian Exchange (NGX) Limited by investors would witness changes, the Chief Executive Officer of the bourse, Mr Temi Popoola, has hinted. Speaking on Business Morning Show on Channels Television last Tuesday, Mr Popoola said the exchange will carry out these changes through technology. According
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Politics

Jim Ovia Nigerian Education Loan Fund

Jim Ovia to Chair Nigerian Education Loan Fund Board

April 27, 2024
By Modupe Gbadeyanka The Chairman of Zenith Bank Plc, Mr Jim Ovia, has been appointed by President Bola Tinubu to chair the Nigerian Education Loan Fund (NELFUND) board. The veteran banker is expected by Mr Tinubu to “bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student
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Travel

Latest

Sifax Boss Taiwo Afolabi Honours Son With Classy Wedding

By Dipo Olowookere On Saturday, September 15, 2018, Lagos was nearly shut down for the talk of the town wedding ceremony of Mr Olayinka Mayor Afolabi and Miss Abisola Olufunke Omisade. The event was graced by the who-is-who of Nigeria, including traditional
September 26, 2018

Michael Kors Acquires Luxury Fashion Brand, Versace, for $2.12b

By Dipo Olowookere Global fashion luxury group, Michael Kors Holdings Limited, has signed a definitive agreement to acquire all of the outstanding shares of Italian luxury fashion house, Gianni Versace, for a total enterprise value of €1.83 billion or $2.12 billion. Versace,
September 26, 2018
AfDB Nigeria Country office

AfDB Provides $2m for Youth, Women Empowerments

By Dipo Olowookere Nearly $2 million has been provided by the African Development Bank (AfDB) for its Youth in Africa initiative under the Fund for African Private Sector Assistance (FAPA). FAPA, of which the Government of Japan is a major donor, along
September 26, 2018

Rivers APC Hails Approval of Indirect Primaries for State

By Nwaorgu Faustinus The Rivers State chapter of All Progressives Congress (APC) has welcomed the decision of the National Working Committee (NWC) of the party to approve the adoption of indirect primaries for the state. “This decision is in line with the
September 25, 2018
NSE Investors

NSE: Investors Gain N242b on Renewed Buying Interest

By Dipo Olowookere The local stock market recorded a gain on Tuesday after opening bearish on the first trading day of this week on Monday. This was mainly due to activities of bargain hunters on the floor of the Nigerian Stock Exchange
September 25, 2018
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