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Business

South East Economy

South East Economy Under Threat as IPOB Declares Tuesday Work-Free

September 13, 2021
By Adedapo Adesanya Economic activities in the south eastern part of Nigeria will likely be halted on Tuesday, September 14, 2021, as the outlawed secessionist group, the Indigenous People of Biafra (IPOB), has asked residents of the region to observe a sit-at-home order to commemorate victims of the invasion of the compound of its leader, Mr Nnamdi Kanu, at Afaraukwu
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Brent Price

Brent Nears $74 Amid Slow Return of US Oil Output

September 14, 2021
By Adedapo Adesanya Brent crude neared $74 per barrel on Monday as it gained 31 cents or 0.42 cents to trade at $73.82 per barrel at the market, while the US West Texas Intermediate (WTI) crude rose by 34 cents or 0.47 per cent to sell at $70.78 per barrel. The rise in the prices of the two crude futures
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Unlisted Securities Market

Unlisted Securities Market Marginally Gains 0.01%

September 14, 2021
By Adedapo Adesanya The week opened with the bulls retaining their presence on the floor of the NASD Over-the-Counter (OTC) Securities Exchange following a marginal 0.01 per cent rise. The bullish outcome came on the back of the growth recorded by NASD Plc as its equity went up by 51 kobo or 9.1 per cent to close at N5.61 per
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Naira to Dollar Exchange rate

FX Crisis Worsens as Nigerians Now Buy Dollar at N550

September 14, 2021
By Adedapo Adesanya Nigerians and some business owners who could not access foreign exchange (FX) through the official channels bought the Dollar at the unregulated forex market on Monday at N550/$1. This followed the worsening FX crisis in the country as the Central Bank of Nigeria (CBN) scratches its head on the best way to solve this incessant problem. According
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SCOA Nigeria

Market Sheds 0.02% as SCOA Nigeria Leads Losers’ Chart

September 14, 2021
By Dipo Olowookere Sustained profit-taking weakened the Nigerian Exchange (NGX) Limited by 0.02 per cent on Monday, leaving the All-Share Index (ASI) down by 6.16 points to 38,915.62 points from 38,921.78 points. Also, the selling pressure further depleted the market capitalisation yesterday by N3 billion to settle at N20.276 trillion compared with the previous closing rate of N20.279 trillion. According
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Politics

Alternative Bourse NASD Securities

NASD OTC Exchange Loses 0.10%, Index Now 1,101.31 Points

April 26, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.10 per cent depreciation on Thursday, April 25 after the Unlisted Security Index (NSI) dropped by 1.15 points to wrap the session at 1,101.31 points compared with 1,102.46 points recorded at the previous session. Also, the market capitalisation of the NASD OTC Exchange lost N1.57 billion during the session
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Travel

Latest

NSE Approves May & Baker Nigeria’s N2.45b Rights Issue

By Modupe Gbadeyanka The board of May & Baker Nigeria Plc has received the regulatory approval it sought for the issuance of the N2.45 billion rights issue. The Nigeria’s first pharmaceutical company had written to the stock market regulator to raise the
September 16, 2018

NDIC Calls for Sound Corporate Governance in Banking Sector

By Modupe Gbadeyanka The need for effective collaboration between regulators and operators in the banking system for the establishment of sound ethics and professionalism in the banking industry has been emphasised by the Nigeria Deposit Insurance Corporation (NDIC). The recent involvement of
September 16, 2018
fintechs

Cyber Security Biggest Threat to FinTech Revolution—Bajomo

By Modupe Gbadeyanka The biggest threat to financial technology (FinTech) revolution has been identified by the Executive Director of Access Bank Plc in charge of Information Technology and Operations, Mr Ade Bajomo. According to the former senior staff of the Nigerian Stock
September 16, 2018

StarTimes Secures Exclusive Rights for UEFA Europa League

By Modupe Gbadeyanka As part of its determination to bring the best sport content to its subscribers, leading pay-TV operator in Nigeria, StarTimes, has obtained exclusive broadcasting rights to air UEFA Europa League matches in Sub-Saharan Africa until 2021. With this, StarTimes
September 16, 2018
Nigerian farmers BOA

NEXIM Bank Offers N1b Loan to Farmers in Katsina

By Modupe Gbadeyanka A credit facility worth N1 billion has been given to Kastina State government for disbursement to farmers in the state. This loan was provided by the Nigeria Export-Import Bank (NEXIM) for the development of an “export-worthy agricultural product” and
September 16, 2018

Audits Help Organisation Function Better—Ayine

By Modupe Gbadeyanka Nigeria’s Auditor-General, Mr Anthony Ayine, has stressed the importance of auditing an organisation, saying it improves performance of the entity. Speaking on Friday in Abuja when he paid a courtesy visit to the Director General of the National Identity
September 16, 2018

HSBC, Looters Ruined Nigeria’s Economy—Presidency

By Modupe Gbadeyanka Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, Mr Garba Shehu, has accused global banking giant, HSBC, of not being happy with the anti-corruption campaign of the present administration. Mr Shehu made this allegation in a
September 16, 2018
mastercard

MasterCard Track to Make Ease of Doing Business Easier

By Dipo Olowookere A new innovation has been introduced by leading payment platform, MasterCard, to make ease of doing business easier. The new initiative called MasterCard Track™ was launched on Wednesday, September 12, 2018 in collaboration with Microsoft. Track is a unique
September 16, 2018
kemi adeosun certificate sage

Certificate Saga: Adeosun Returns to United Kingdom

By Dipo Olowookere Former Minister of Finance in Nigeria, Mrs Kemi Adeosun, on Saturday returned to the United Kingdom (UK) after resigning from the cabinet of President Muhammadu Buhari on Friday. This followed her admittance of being in possession of a forged
September 16, 2018
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