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ATS Training NGX

NGX Gains 0.75% as FBN Holdings Sustains Aggressive Buying Momentum

October 16, 2021
By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.75 per cent on Friday as the local demand for FBN Holdings Plc stocks was sustained during the final trading day of the week. This raised the All-Share Index (ASI) by 308.17 points to 41,438.15 points from 41,129.98 points and as for the market capitalisation, the listing of 1.964 billion
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Oyo Commissioner for Agriculture Adeniyi Adebisi

Oyo Seeks Ideas on Sustainability of Food Value Chains, Others

October 18, 2021
By Aduragbemi Omiyale The Oyo State government has called on stakeholders in the agricultural sector to come up with ideas and suggestions that would lead to improved productivity, profitability and sustainability of the food value chains in the state. This appeal was made by the Commissioner for Agriculture and Rural Development, Mr Adeniyi Adebisi, in a statement issued over the
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meyer paints plc

Meyer Bounces Back to Profitability in Q3 2021, Cuts Admin Costs

October 18, 2021
By Ashemiriogwa Emmanuel Mayer Plc, a key player in the manufacturing industry and marketer of high-quality paints in Nigeria, on Friday, October 15, released its unaudited financial statement for the third quarter ending September 30, 2021. In the quarterly filing, which was published on the Nigerian Exchange (NGX) Limited, the group declared a gross profit of N254.5 million within the
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Champion Breweries stocks

Champion Breweries Stocks Record 49.52% Spike in Value

October 18, 2021
By Dipo Olowookere Champion Breweries stocks appreciated by 49.52 per cent week-on-week on the floor of the Nigerian Exchange (NGX) Limited as it closed the week as the best performer at N3.14. The company’s equities recorded a significant increase in demand as well as FBN Holdings, which witnessed growth in value by 29.59 per cent to trade at N12.70. Royal
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FX Buffer

Nigeria’s FX Buffer Now $379.7m Shy of $40bn

October 18, 2021
By Ashemiriogwa Emmanuel The total amount in Nigeria’s external reserves went up by 3.8 per cent or about $1.4 billion in one week to $39.6 billion from $38.2 billion in the previous week. With this development, the nation’s foreign exchange (FX) buffer is now about $379.7 million away from hitting the $40 billion threshold being projected to reach before the
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Politics

Afreximbank

Afreximbank Records Improvement in Operating Efficiency in Q1 2024

May 20, 2024
By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first three months of 2024, recording growth in the face of challenging geopolitical and macroeconomic conditions. According to a statement, the Cairo-based lender demonstrated year-on-year growth and improvement in operating efficiency, with a lower cost-to-income ratio of 14.5 per cent in Q1 2024 compared
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business in nigeria

Nigeria Plans $328m ICT Deal with China

By Modupe Gbadeyanka President Muhammadu Buhari is expected to join his Chinese counterpart, Mr Xi Jinping, to witness the signing of an agreement worth $328 million on the National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11) between Galaxy Backbone
September 3, 2018

Why Nigeria Airways Pensioners Can’t Be Paid Now—PTAD

By Modupe Gbadeyanka The Pension Transitional Arrangement Directorate (PTAD) has explained the main reason for the delay in paying the N45 billion severance package of former workers of the defunct Nigeria Airways. Executive Secretary of PTAD, Mrs Sharon Ikeazor, while addressing members
September 3, 2018
Reserves

Foreign Reserves Shed $216m in One Week to Close at $45.8b

By Modupe Gbadeyanka Last week, the free-fall in the Nigerian external reserves continued, depreciating by $216.2 million to close at $45.88 billion as at Thursday, August 30, 2018. According to data obtained by Business Post from the Central Bank of Nigeria (CBN),
September 3, 2018
buhari thinking deep

Buhari Assures Nigerians Free, Fair Elections in 2019

By Modupe Gbadeyanka On Sunday, President Muhammadu Buhari said as a beneficiary of free and fair elections, he is not afraid of a credible process in 2019. Mr Buhari made this disclosure in Beijing, China, at an interactive session with members of
September 3, 2018
Manufacturing Sector PMI

Manufacturing Index Expands for 17th Month to 57.1%—CBN

By Modupe Gbadeyanka For the 17th consecutive month, the Manufacturing Purchasing Managers’ Index (PMI) grew in the month of August 2018 to 57.1 index points, the Central Bank of Nigeria (CBN) has disclosed. In its latest report, the apex bank stated that
September 2, 2018

Buhari Okays Masanawa as MD of NSPMC

By Modupe Gbadeyanka The appointment of Mr Abbas Umar Masanawa as the Managing Director of Nigeria Security Printing and Minting Company (NSPMC) has been approved by President Muhammadu Buhari. This followed the recommendation by the Governor of Central Bank of Nigeria (CBN),
September 2, 2018
Pension Fund Managers

Pension Fund Hits N8.2tr in Q2 2018 With 8.1m Workers

By Dipo Olowookere Latest figures released by the National Bureau of Statistics (NBS) have revealed that in the second quarter of 2018, the Pension Fund Asset under Management stood at N8.23 trillion as against N7.94 trillion in the first quarter of this
September 1, 2018

T-Bills Yields Drop 0.20% as Cost of Funds Sheds 0.09%

By Dipo Olowookere The treasury bills market closed bullish on Friday with the rates recording a marginal decline of 0.20 percent. It was observed that the yields moderated as a result of the buoyant level of liquidity in the system on the
September 1, 2018
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