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Patience Oniha DMO

Window Opens for Retail Investors to Buy September FGN Savings Bond

September 6, 2021
By Sodeinde Temidayo David Retail investors who missed out on the FGN savings bond last month now have the opportunity to purchase the debt instrument targeted at them. The Debt Management Office (DMO), which sells the securities on behalf of the Federal Government of Nigeria, issued a circular to announce the exercise for September. According to the disclosure obtained by
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Saudi oil cut

Oil Woes Continue as Saudi Slashes Prices to Win Asian Market

September 7, 2021
By Adedapo Adesanya Oil fell further on Monday after Saudi Arabia slashed crude contract prices for Asia as part of its plans to capture the world’s largest importer. The action revived concerns over the demand outlook as the price of the Brent crude fell by 39 cents or 0.54 per cent to settle at $72.22 per barrel, while the West
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Unlisted Securities Market

Unlisted Securities Market Opens Week in Bears Territory

September 7, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange opened the new week in the negative territory with a 038 per cent decline on Monday. The loss followed the negative price movements in three securities – FrieslandCampina WAMCO Nigeria Plc, Food Concepts Plc and Nigerian Exchange Group Plc. This weakened the market capitalisation of the bourse to fall yesterday by
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FX Liquidity Crisis

FX Liquidity Crisis Crashes Naira to N532 to $1 at Black Market

September 7, 2021
By Adedapo Adesanya The liquidity crisis in the foreign exchange (FX) market in Nigeria further caused devastating damage to the Naira at the black market on Monday. The local currency traded against the United States Dollar at a new all-time low of N532/$1 at the unregulated forex market yesterday as the FX liquidity crisis deepens. At the preceding session, which
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consumer goods stocks

Consumer Goods Stocks Smash NGX Index by 0.02%

September 7, 2021
By Dipo Olowookere The Nigerian Exchange (NGX) Limited suffered a 0.02 per cent loss on Monday as a result of profit-taking in consumer goods stocks like Flour Mills and Dangote Sugar. This heavily impacted the consumer goods sector, closing lower by 0.41 per cent at the close of transactions yesterday. The counter was the only decliner of the five major
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Politics

Airtel eSIM

Airtel Provides Unlimited Data Connection at Nigeria Public Relations Week

April 25, 2024
By Modupe Gbadeyanka Participants of the ongoing Nigeria Public Relations Week (NPRW) at the June 12 Cultural Centre, Abeokuta, Ogun State, are enjoying unlimited data connection courtesy of Airtel Nigeria. The leading telecommunications service provider did this to support the event, which commenced on Monday, April 22, 2024, and is expected to end on Friday, April 26, 2024. The programme
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Travel

Latest

Dangote Simplifies Block Moulding with BlocMaster Cement

By Dipo Olowookere Builders and other stakeholders have lauded the BlocMaster Cement which was formally launched by Dangote Cement Plc last week in Kano, Kano State, describing it as extra strong and the best for block moulding in Nigeria. Before it was
September 23, 2018

Publiseer Begins Distribution to YouTube Music

By Dipo Olowookere If Publiseer has been asked one question more than any other, it’s “Since Publiseer gives so many things away for free, how does it make any money?” But a close second question is, “When will Publiseer start distributing songs
September 22, 2018

Asian Stock Markets Record Strong Growth

By Investors Hub Asian stocks rose broadly on Friday to extend a recovery as investors veered around to the view that the U.S.-China trade dispute will be less harmful to global growth than first feared. Chinese stocks posted strong gains as investors
September 22, 2018
European Shares

European Shares Remain in Green Territory

By Investors Hub European stocks have risen on Friday to extend recent gains as investors veered around to the view that the U.S.-China trade row will be less harmful to global growth than first feared. Sentiment was also underpinned by expectations that
September 22, 2018

Nissan Considers Assembly Plant in Ghana

By Dipo Olowookere Leading multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan, Nissan Motor Company Ltd, otherwise known as Nissan, is planning to establish an assembly plant in West Africa and its destination is Ghana. Minister of Trade and Industry, Mr Alan
September 22, 2018
Patrick Akinwuntan Ecobank Nigeria

Ecobank Plans Aggressive Expansion in Nigeria

By Dipo Olowookere Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, has disclosed that the major task before him is to grow the Ecobank brand in the country by delivering it as a brand of choice and making sure the lender’s services
September 22, 2018
naira depreciate

Naira Suffers 0.14% Loss at I&E on Rising FPI Outflows

By Cowry Asset In the just concluded week, the local currency remained unchanged against the US Dollar at both the Bureau De Change (BDC) segment and the parallel (black) market at N358/$ and N361/$ respectively amid sustained special intervention by the Central
September 22, 2018
NSE index falls

NSE Index Closes Week Bullish, Gains 0.18%

By Dipo Olowookere Life was brought back on the trading floor of the Nigerian Stock Exchange (NSE) on Friday after the market closed in the green territory. Gains recorded by stocks in the oil and gas, banking and consumer goods sectors helped
September 22, 2018

NSE Suspends Trading of Skye Bank Shares

By Dipo Olowookere The Nigerian Stock Exchange (NSE) on Saturday announced placing an embargo on trading of the shares of Skye Bank Plc on its platform. This followed the withdrawal of the operating license of the lender by the Central Bank of
September 22, 2018
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