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Business

NASD Unlisted Securities Index

Unlisted Securities Extend Rally by 0.38% at Midweek

October 21, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange returned from the Eid-el-Maulud holiday on Wednesday, October 20 on a positive note with the bulls retaining control of the floor by a further gain of 0.38 per cent. This was made possible by the growth in the share prices of three securities; Niger Delta Exploration and Production (NDEP) Plc, NASD
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oil prices cancel iran deal

Oil Prices Continue Ascent as US Crude Inventories Drop

October 21, 2021
By Adedapo Adesanya Oil prices showed no sign of slowing yet again on Wednesday as a drop in crude inventories in the United States supported the market amid a supply crunch in the energy market. Brent crude rose by 80 cents or 0.94 per cent to trade at $85.88 per barrel and the US West Texas Intermediate (WTI) crude added
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bitcoin nigerians

Naira Appreciates to N414.07/$1 as Bitcoin Hits $66k

October 21, 2021
By Adedapo Adesanya The Naira appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market by 0.16 per cent or 66 kobo on Wednesday, October 20 as trading returned after the Eid-el-Maulud holiday break. At the close of business at the midweek session, the local currency was sold for N414.07/$1 in contrast
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NGX Group Shares

NGX Group Gains 10% to Lift Stock Market by 0.26%

October 21, 2021
By Dipo Olowookere The nation’s stock market rebounded by 0.26 per cent on Wednesday after going down by 0.71 per cent on Monday, which was the last trading session as the exchange was closed on Tuesday for a public holiday in Nigeria. Investors were in high spirits yesterday when they returned to the market and this reflected in the level
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Encourage Entrepreneurship

CBN Puts Down N500m to Encourage Entrepreneurship Among Students

October 21, 2021
By Ashemiriogwa Emmanuel As part of its policy measures to address rising youth unemployment and underemployment, the Central Bank of Nigeria (CBN) has disclosed that it will support students in tertiary institutions to encourage entrepreneurship. According to the apex bank, a grant of N500 million would be awarded to five top Nigerian polytechnics and universities with the best entrepreneurial pitches
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Politics

Jim Ovia Nigerian Education Loan Fund

Jim Ovia to Chair Nigerian Education Loan Fund Board

April 27, 2024
By Modupe Gbadeyanka The Chairman of Zenith Bank Plc, Mr Jim Ovia, has been appointed by President Bola Tinubu to chair the Nigerian Education Loan Fund (NELFUND) board. The veteran banker is expected by Mr Tinubu to “bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student
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Travel

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mtn-sells-shares

Nigeria Gives MTN Deadline to List Shares on Stock Exchange

By Dipo Olowookere A deadline has been given to leading telecommunications firm, MTN Nigeria, to list its shares on the Nigerian Stock Exchange (NSE). In November 2015, MTN Nigeria was fined $5.2 million for failing to disconnect lines of 5.2 million unregistered
August 10, 2018
Bank of Industry BoI MSMEs

Firm Slams N4.9b Suit on Bank of Industry

By Dipo Olowookere The Bank of Industry (BoI) has been accused by Reagan Cement Limited of breaching terms of the loan agreement both parties signed. The company said this alleged action of the nation’s premier development financing institution has caused it massive
August 10, 2018
business registration in Nigeria

CAC Considers Reduction in Cost of Company Registration

By Dipo Olowookere Acting Registrar-General of Corporate Affairs Commission (CAC), Ms Azuka Azinge, has revealed that the agency plans to reduce the amount charged for the registration of companies and businesses in Nigeria. At the moment, the official cost of registering a
August 10, 2018

9mobile Sale: NCC Plans Fresh Due Diligence on Teleology

By Dipo Olowookere Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, has disclosed that the agency was conducting another round of due diligence on the preferred bidder for 9mobile, Teleology Holdings Limited. Addressing newsmen on Wednesday in Abuja
August 10, 2018
Jaiz Bank

Jaiz Bank Targets 40 Branches Before End of 2018

By Dipo Olowookere Managing Director of Jaiz Bank Plc, Mr Hassan Usman, has disclosed that the non-interest lender plans to have at least 40 branches across Nigeria before the end of 2018. Mr Usman disclosed that the bank had commenced a five-year
August 10, 2018
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