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naira and euro

Confusion as Dollar Sells at N557/$1, Pound at N760/£1, Euro N645/€1

September 15, 2021
By Adedapo Adesanya The current situation of the Naira seems to be like the proverbial dog that is destined to be lost, which will never hear the hunter’s whistle. This is because, despite efforts by the Central Bank of Nigeria (CBN) to salvage the situation, its value against the United States Dollar at the parallel market is worsening with each
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Acorn Petroleum

Acorn, NGX Group Drag NASD Index Down to 736.64 Points

September 15, 2021
By Adedapo Adesanya It was a bad day for the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday as it was dragged down by 0.18 per cent by the duo of Nigerian Exchange (NGX) Group Plc and Acorn Petroleum Plc. The NASD Unlisted Security Index (NSI), which closed on Monday at 737.94 points, depreciated during the session by 1.3 points to
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Machinery Imports

Innovators Seek Research Funds to Reduce Machinery Imports

September 15, 2021
By Sodeinde Temidayo David Nigerian innovators and technologists have asked for the availability of research funds to enable them to produce machine parts and equipment to reduce the country’s dependence on imports. This was revealed at the Hardware Convention 2021 organised by Clintonel Innovation Centre (CIC), which was held in Aba, Abia State. CIC is a hardware startup incubator that
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Local Stock Exchange

UPDC, 13 Others Bring Fresh Air to Stock Exchange

September 15, 2021
By Dipo Olowookere For the first time in seven trading sessions, the stock exchange in Nigeria closed bullish on Tuesday with a marginal growth of 0.01 per cent, buoyed by mild bargain hunting. Investors used the opportunity of the low prices of stocks at the Nigerian Exchange (NGX) Limited to increase their portfolios, though the bearish sentiment still remained. This
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herbert wigwe Access Bank

Investors Stake $1.6bn on Access Bank’s $500m Eurobond at 6.13%

September 15, 2021
By Dipo Olowookere Eurobonds worth $500 million have been issued to offshore investors by Access Bank Plc, a notice from the financial institution has confirmed. Last week, the Nigerian lender announced its intention to raise the fresh capital and Absa, Barclays Bank, JP Morgan and Standard Chartered were chosen as joint bookrunners, while Chapel Hill Denham and Rand Merchant Bank
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Politics

Nigerian OTC securities exchange

OTC Exchange Rises 1.17% Amid High Trading Volume

May 18, 2024
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.2 per cent appreciation on Friday, May 17 amid a large trading activity that saw three price gainers and four price losers. The market capitalisation of the OTC exchange jumped by N19.85 billion during the trading day to N1.720 trillion from N1.700 trillion and the NASD Unlisted Security Index
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Nigerian Stocks

Nigerian Stocks Extend Losses by 0.79%

By Dipo Olowookere Profit-taking activities on the floor of the Nigerian Stock Exchange (NSE) on Wednesday further plunged the market in the negative territory. The local bourse finished the session with a 0.79 percent decline, leaving the year-to-date return at -15.14 percent.
October 4, 2018
T-bills yields

T-Bills Yields to Slightly Fall at Secondary Market

By Dipo Olowookere The average yield of treasury bills at the secondary market is expected to decline today as a result of expectations for an Open Market Operations (OMO) auction by the Central Bank of Nigeria (CBN), analysts at Zedcrest Research have
October 4, 2018
sec capital market

SEC Okays Take Over of 10m Shares of Ensure Insurance

By Dipo Olowookere A wholly owned subsidiary of Allianz SE, Societe Fonciere Europeenne B.V., has been given the approval to fully acquire 10 million ordinary shares of Ensure Insurance Plc. This approval was given by the Securities and Exchange Commission (SEC) and
October 3, 2018

Agip Lectures for Contractors on Local Content

By Dipo Olowookere The Nigerian Agip Oil Company (NAOC) and its joint venture partners have organized a workshop for its contractors on regulatory and procurement best practices. The workshop was organised in Yenagoa, Bayelsa State recently and sought to enlighten contractors on
October 3, 2018

First Bank MD/CEO Gets Honorary Citizenship of State of Georgia

By Dipo Olowookere Managing Director/CEO of First Bank of Nigeria Limited, Mr Adesola Adeduntan, has been conferred with the Honorary Citizenship of the State of Georgia and Congressional Commendation Award from the Georgia Senate – United States of America (USA). The Honour
October 3, 2018

Ebri Finally Declares Sanwo-Olu Lagos APC Guber Candidate

By Dipo Olowookere Mr Babajide Sanwo-Olu has been finally declared as winner of the governorship primary election of the All Progressives Congress (APC) held in Lagos State yesterday. Chairman of the APC National Working Committee (NWC) Panel appointed to monitor the process,
October 3, 2018
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