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Business

NAFEX

Naira Appreciates at NAFEX Window

October 19, 2021
By Adedapo Adesanya The Naira opened the week bullish as it recorded a 0.08 per cent or 34 kobo appreciation against the Dollar at the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) on Monday. This is coming at a time the foreign exchange (FX) market is gradually being freed of the devaluation fears that gripped it last week, which raised
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Unlisted Stock

NASD, CSCS Open Week Positive at Unlisted Stock Market

October 19, 2021
By Adedapo Adesanya NASD Plc and Central Securities Clearing Systems (CSCS) Plc championed the 0.03 per cent appreciation at the NASD Over-the-Counter (OTC) Securities Exchange recorded on Monday, October 18. The duo increased the total value of securities at the unlisted stock market yesterday by N210 million to N617.20 billion from N616.99 billion and raised the NASD Unlisted Security Index
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Stock Market Newspaper

Stock Market Drops 0.71% as Investors Sell Off MTN, FBNH

October 19, 2021
By Dipo Olowookere The first trading day of the new week at the Nigerian Exchange (NGX) Limited finished on a bad note due to the 0.71 per cent loss recorded on Monday as a result of profit-taking by investors. After recording gains in the past sessions, holders of FBN Holdings equities started to offload them gradually and with selloffs in
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fidelity bank

Fidelity Bank to Issue $500m of 5-year Unsecured Notes

October 19, 2021
By Dipo Olowookere and Adedapo Adesanya Fidelity Bank Plc has announced its intention to approach the international capital market again for a fresh Eurobond worth $500 million. A notice to the Nigerian Exchange (NGX) Limited signed by the company secretary, Ezinwa Unuigboje, disclosed that the unsecured and unsubordinated notes would carry a maturity of five years and would rank parri
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Apple AirPods

Apple Rolls Out New AirPods, MacBooks, Processor

October 19, 2021
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By Adedapo Adesanya At its virtual MacBook event on Monday, tech giant, Apple, launched the new generation AirPods which will support spatial audio, thanks to new sensors that support features like spatial audio. The new Airpods sport a new design, closer to the AirPods Pro, but they lack the rubber in-ear tip. The case also charges magnetically using Apple’s magnetic
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Politics

Lagos-Calabar Coastal highway project probe

Reps Investigate N15trn Lagos-Calabar Coastal Highway Project

May 9, 2024
By Adedapo Adesanya The House of Representatives has resolved to launch a comprehensive investigation into the controversial Lagos-Calabar Coastal highway project. The green chamber of the National Assembly at its Thursday’s plenary initiated the process following the adoption of a motion of urgent public importance moved by Mr Austin Achado, a Benue lawmaker. The second arm of the parliament directed
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Travel

Latest

Osun Polls: The Real Issues at Stake

By Abdulahi Waliyu The drumbeat of electoral campaign is gradually dominating the airwave in Osun State. Political candidates daily propagate their usual promises. Voters expectedly will be overwhelmed if not now but in the next few days. We must insist on strict
August 22, 2018

Andersen Global Partners Angola’s Oliveira & Associados

By Dipo Olowookere Andersen Global continues its expansion in Africa through a Collaboration Agreement with Oliveira & Associados, a law firm based in Angola, founded by Formosa Oliveira in 2016. Andersen Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz, commented, “The
August 22, 2018
Moody's logo

Moody’s Completes Acquisition of Omega Performance

By Dipo Olowookere The acquisition of Omega Performance, a leading provider of online credit training, by Moody’s Corporation has now been finalised. Recall that on July 8, 2018, Moody’s announced its intention to acquire Omega Performance, a business unit of TwentyEighty Inc.
August 22, 2018

Asian Stocks Close Mixed as Gold Hit One-Week High

By Investors Hub Asian stocks ended on a mixed note Wednesday after Michael Cohen, U.S. President Donald Trump’s former personal lawyer, pleaded guilty to campaign finance violations and other charges and Paul Manafort, Trump’s former campaign chairman, was found guilty on five
August 22, 2018

European Equities Inch Higher in Cautious Trade

By Investors Hub European stocks inched higher in cautious trade on Wednesday as investors kept an eye on the U.S.-China trade talks, political developments in the U.S and the latest FOMC minutes from the Fed meeting earlier this month. Brexit talks also
August 22, 2018

US Stocks Open Lower Amid Trump’s Legal Woes

By Investors Hub The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to give back ground following the strength seen in the previous session. The downward momentum on Wall Street comes amid concerns about President
August 22, 2018

UN Chief Condemns Killing of 19 by Boko Haram in Lake Chad

By Dipo Olowookere Secretary-General of the United Nations, Mr António Guterres, has vehemently condemned the attack launched by Boko Haram on Sunday in the Lake Chad region. According to media reports, at least 19 people were killed when fighters with the terrorist
August 22, 2018
Bond market

Lagos Govt Lists N6.9b Series 2 Bonds on NSE

By Dipo Olowookere An approval has been given to the Lagos State government to list its N6.911 billion Series 2 Tranche III: 15.60 percent Fixed Rate Bond Due 2024 and Series 2 Tranche IV: 15.85 percent Fixed Rate Bond Due 2027 on
August 22, 2018

How to Partake in FG’s Rent to Own Scheme—FMBN Boss

By Dipo Olowookere Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr Ahmed Dangiwa, has briefly explained the process of benefiting from the Rent to Own housing scheme of the federal government of Nigeria. Addressing State House correspondents after a closed-door
August 22, 2018
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