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Business

NASD OTC Bourse

Investors Lose N24.3bn at NASD Bourse in One Week

October 18, 2021
By Adedapo Adesanya The 41st week of trading at the NASD Over-the-Counter (OTC) Securities Exchange closed with a N24.3 billion loss largely as a result of the exit of the Nigerian Exchange (NGX) Group Plc from the platform. According to the weekly NASD market review and analysis by Business Post, the market capitalisation dropped to N616.99 billion from N641.28 billion
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Nigerian exporters

Nigerian Exporters Fail Due to Poor Training, Exposure—NEPC

October 18, 2021
By Ashemiriogwa Emmanuel The Nigerian Export Promotion Council (NEPC) has revealed that many Nigerian exporters, including women entrepreneurs, fail in the international market as a result of poor training and exposure to the business. According to the federal agency, it is necessary for anyone who wants to venture and succeed in the business to undergo adequate training in order to
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eNaira

CBN Adds New Feature to Yet-to-be-Launched eNaira

October 18, 2021
By Sodeinde Temidayo David The Central Bank of Nigeria (CBN) has announced that the yet-to-be-launched eNaira will have a new add-on that will enable users to complete transactions with mobile phones without Internet capability. The apex bank, in a document titled Design paper for the eNaira, disclosed that maximising the value and use cases of the nation’s digital currency would
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Weekly Forex Turnover

Weekly Forex Turnover at I&E Skyrockets to $1.1bn

October 18, 2021
By Sodeinde Temidayo David In one week, the total value of transactions recorded at the Investors and Exporters (I&E) window of the foreign exchange (forex) market in Nigeria rose to $1.1 billion. Data obtained by Business Post from the FMDQ Securities Exchange showed that the weekly forex turnover at the I&E was 18.73 per cent or $183.56 million higher than
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Oil Prices fall

Oil Prices Jump on Demand Recovery, Energy Switch

October 19, 2021
By Adedapo Adesanya Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures closed 59 cents or 0.7 per cent higher at $85.45 a barrel after hitting $86.04 earlier in
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Politics

excellence in corporate reporting

NGX RegCo Rewards Airtel, Seplat, Others for Excellence in Corporate Reporting

May 20, 2024
By Aduragbemi Omiyale On Friday, May 17, 2024, the Nigerian Exchange Regulation Limited (NGX RegCo) rewarded some companies for transparency and excellence in corporate reporting. Business Post reports that Dangote Cement secured the top position across all three categories, earning the Platinum award alongside the best-in-class award of excellence in corporate governance. Airtel clinched the gold award, securing the second
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Travel

Latest

PHOTO NEWS: eTranzact Holds 14th AGM in Lagos

By Dipo Olowookere On Thursday, August 30, 2018, eTranzact International Plc held its 14th Annual General Meeting (AGM) in Lagos. The event was attended by top executives of the leading payment technology provider as well as shareholders. The meeting took place at
August 31, 2018

UBA Offers N120m to 80 Customers in Wise Savers Promo

By Dipo Olowookere Tier-1 lender, United Bank for Africa (UBA), has promised to give 80 of its customers N1.5 million each in the UBA Wise Savers Promo. A statement by the financial institution explained that this is in line with its tradition
August 31, 2018
PDP anambra election

PDP Set to Self-destruct, Reawakens Impunity

By Isah Odaudu The Uche Secondus led Peoples Democratic Party (PDP) National Working Committee (NWC) and the PDP caucus of National Assembly held meeting at the Transcorp Hilton today at which very far-reaching decisions were made. Chief among the decisions is the
August 31, 2018

Anthony Joshua Joins William Hill as Global Brand Ambassador

By Dipo Olowookere British sporting icon, Anthony Joshua, has signed an initial one-year deal with William Hill and will become the firm’s global brand ambassador, representing the bookmaker and featuring in its integrated advertising campaigns over the next year and beyond. He
August 31, 2018
treasury bills yields

T-Bills Yields Spike by 1% as CBN Releases No-Sale OMO Result

By Dipo Olowookere Treasury bills yields increased on Thursday by one percent as market players repriced quotes in reaction to developments at the previous day’s auction. According to analysts at Zedcrest Research, trading activities were however relatively muted as investors cautiously anticipated
August 31, 2018
Capital Inflow

Lower but Still Healthy Capital Inflows in Q2

By FBNQuest Capital The National Bureau of Statistics (NBS) recently released its latest report on Nigerian Capital Importation, which covers Q2 2018. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in
August 31, 2018
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