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brent crude oil

Crude Oil Stumbles After Reaching $86 Early Thursday

October 22, 2021
By Adedapo Adesanya Crude oil prices tumbled at later sessions on Thursday after hitting a three-year high of $86 per barrel earlier in the day driven by tight supply and continuous global energy crunch. Brent crude fell 1.26 per cent or $1.08 to close at $84.74 per barrel while the United States West Texas Intermediate (WTI) recorded a fall of
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Spot Market

Naira Slumps 0.24% to N415.07/$1 at Spot Market

October 22, 2021
By Adedapo Adesanya After appreciating for three consecutive sessions at the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX), the Naira fell by 0.24 per cent or N1 against the greenback on Thursday, October 21. Business Post reports that the local currency was traded at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market yesterday at N415.07/$1 in
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Alternative Bourse NASD Securities

Nigeria’s Alternative Bourse Stretches Growth by 0.01%

October 22, 2021
By Adedapo Adesanya The positive run at the NASD Over-the-Counter (OTC) Securities Exchange continued on Thursday after closing marginally higher by 0.01 per cent when trading activities were rounded up. The favourable outcome came on the back of the growth recorded by NASD Plc as the equity price of the company appreciated by 15 kobo or 1.1 per cent to
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Cross Deals

NGX Index Grows 1.10% as MTN, Airtel, Nestle Witness Cross Deals

October 22, 2021
By Dipo Olowookere The Nigerian Exchange (NGX) Limited finished strong on Thursday as it appreciated by 1.10 per cent on the back of sustained bargain hunting by investors. Consequently, the All-Share Index (ASI) went up by 454.40 points to 41,704.11 points from 41,249.71 points, while the market capitalisation rose by N238 billion to N21.764 trillion from N21.526 trillion it finished
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crude oil prices

Crude Prices to Average $74 Per Barrel in 2022—World Bank

October 22, 2021
By Adedapo Adesanya The World Bank in its latest Commodity Markets Outlook says crude prices will average $74 per barrel next year. Crude oil prices (an average of Brent, WTI and Dubai) are expected to average $70 in 2021, an increase of 70 per cent and are projected to be $74 a barrel in 2022 as oil demand strengthens and
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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

Latest

Union Pickets Ikeja Electric Over Sack of 40 Members

By Taiwo Omilani Some aggrieved members of the National Union of Electricity Employees (NUEE) yesterday stopped operations at the corporate headquarters of Ikeja Electric (IE) Plc in Alausa, Ikeja, Lagos State, as well as branches of the company across the Lagos metropolis.
August 9, 2018

Naira Relatively Stable Across Market Segments on Wednesday

By Modupe Gbadeyanka The Nigerian Naira was relatively unchanged against the Dollar at the foreign exchange (forex) market on Wednesday, August 08, 2018. An analysis of the day’s transactions by Business Post showed that apart from the Investors and Exporters (I&E) segment
August 9, 2018

Ibeto to Build New Cement Factory in Nkalagu

By Modupe Gbadeyanka Nigerian businessman and Chairman of Ibeto Group, Mr Cletus Ibeto, has promised to establish a new cement factory in Nkalagu under Ishielu local government area of Ebonyi State. Mr Ibeto made this pledge when he visited Governor David Umahi
August 9, 2018

ASEN Will Enable Capital Market Policies, Boost Efficiency—Onyema

By Modupe Gbadeyanka Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, has described the launch of Nigeria’s first association of domestic securities exchanges as a good development for the nation’s capital market. According to him, “Coming together provides
August 9, 2018
Banking Stocks

Banking Stocks Dominate Trading as Investors Lose N12b

By Modupe Gbadeyanka For the third consecutive session, transactions at the nation’s bourse ended on a negative note on Wednesday, closing 0.09 percent lower to sink the Year-to-Date (YtD) returns deeper to -5.08 percent. The loss recorded during the mid-week trade was
August 9, 2018

Lagos Applauds Fidson’s Commitment to Children’s Education

By Taiwo Omilani Lagos State government has commended Fidson Healthcare Plc for its relentless commitment to the academic development of Nigerian children through the company’s ASTYMIN brand annual flagship programme, Astymin Brilliance Reward. Speaking at the 9th edition of the Astymin children
August 9, 2018

Land Grabbing: Oyo Runs to Judiciary for Help

By Modupe Gbadeyanka Members of the judiciary have been urged by the Oyo State government to adopt the principle of substantial justice in dealing with the growing menace of land grabbing in the state, saying that the state had timeously risen to
August 8, 2018

Abeokuta Flood: Presidential Committee Visits Ogun

By Modupe Gbadeyanka On Wednesday, the Presidential Committee on Flood Assessment visited Ogun State to access the extent of damage of the recent flash flood in the state. Chairman of the committee, Prof. Emmanuel Adanu, speaking to newsmen after visiting Governor Ibikunle
August 8, 2018
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