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Nigerian Naira

Naira Crashes to N535/$1 at Parallel Market

September 9, 2021
By Adedapo Adesanya The situation of the Naira worsened at the parallel side of the foreign exchange (FX) market on Wednesday as mounting pressure took away N3 from the value of the local currency. Business Post reports that at the midweek trading session, the domestic currency traded against the United States Dollar at N535/$1 at the unregulated forex window compared
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Nigeria's Unlisted Securities Market Sheds 0.78%, NASD Shares up 8.31%

Value of Stocks on NASD OTC Rises 0.15% to N637.40bn

September 9, 2021
By Adedapo Adesanya The total value of stocks trading on the NASD Over-the-Counter (OTC) Securities Exchange increased by 0.15 per cent or N960 million on Wednesday, thanks to Nigerian Exchange (NGX) Group Plc and NASD Plc. Business Post reports that the market capitalisation of the NASD OTC finished at N637.40 billion compared with N636.44 billion of the preceding session as
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Banking Shares

Banking Shares, Others Weaken NGX Index by 0.12%

September 9, 2021
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bearish on Wednesday by 0.12 per cent, following the profit-taking by investors. Banking shares were mostly affected by the sell-offs, especially GTCO, Zenith Bank, Stanbic IBTC, UAC Nigeria and others. Business Post reports that at the close of business, the insurance index depreciated by 1.01 per
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NNPC NGX stock exchange

NNPC to Explore Capital Raising Options at Stock Exchange

September 9, 2021
By Sodeinde Temidayo David The Nigerian National Petroleum Corporation (NNPC) has expressed its willingness to work in partnership with the Nigerian Exchange Limited (NGX) for a short term on the option of financing. This was made known by the Group Managing Director of NNPC, Mr Mele Kyari, during the visitation of the stock exchange team to his office in Abuja
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Belgian Entrepreneurs

Belgian Entrepreneurs to Expand Investments in Lagos

September 9, 2021
By Ashemiriogwa Emmanuel Belgium has expressed its readiness to expand bilateral ties with the Lagos State Government in order to further explore the several investment opportunities available in the commercial capital of Nigeria. The Ambassador of Belgium to Nigeria, Mr Daniel Bertrand, said this when he visited the Commissioner for Economic Planning and Budget, Mr Sam Egube, at his office
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Politics

Meet Africa Fashion Festival MAFEST

Nigeria’s Environment Ministry Endorses MAFEST

April 23, 2024
By Modupe Gbadeyanka The Meet Africa Fashion Festival (MAFEST) organised by Mena Communications Limited has received the endorsement of the Federal Ministry of Environment. The four-day international event will have an annual Eco-Friendly workshop as one of the programmes, which has pricked the interest of the Minister of Environment, Mr Balarabe Abbas Lawal. This part of the festival will provide
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Travel

Latest

Asian Stocks Fall as Beijing Snubs Talks With Washington

By Investors Hub Asian stocks fell on Monday after trade talks between chief U.S. and Canadian negotiators ended inconclusively last week and the Wall Street Journal reported that Beijing is considering declining the offer of talks with the U.S. aimed at diffusing
September 17, 2018

Renewed Trade Concerns May Lead to Pullback on Wall Street

By Investors Hub The major U.S. index futures are pointing to a lower opening on Monday, with stocks likely to give back ground after moving notably higher last week. Lingering trade concerns may weigh on the markets amid reports President Donald Trump
September 17, 2018

Oyo Govt Seals Diamond Bank, FCMB, Skye Bank Branches

By Dipo Olowookere Some branches of commercials banks in Ibadan were on Monday sealed by officials of the Oyo State government. This was because the affected financial institutions allegedly failed to pay some levies into the coffers of the state government despite
September 17, 2018

Why Kemi Adeosun Shouldn’t be Prosecuted—Rotimi Oladele

By Dipo Olowookere Former President of Nigerian Institute of Public Relations (NIPR), Mr Rotimi Oladele, has disclosed that former Minister of Finance, Mrs Kemi Adeosun, who resigned last Friday for being in possession of a fake NYSC exemption certificate, should not be
September 17, 2018
NAICOM

Insurance Sector Recapitalisation Will Proceed as Planned—NAICOM

By Dipo Olowookere Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM) has said the proposed tier-based capital structure of insurers operating in the country will continue as earlier planned. On August 27, 2018, NAICOM, through a circular, informed insurance
September 17, 2018

Lagos Hosts Biannual Africa Fintech Summit November

By Dipo Olowookere All is now set for the hosting of Africa’s premier fintech event, the Africa Fintech Summit, taking place for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition
September 17, 2018
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