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Business

Crude Supply

Oil Climbs 1% on Tightening Crude Supply

October 23, 2021
By Adedapo Adesanya Oil prices resumed their climb on Friday on continued tightness in US crude supply even as coal and gas prices eased following fears of gas-to-oil switching. Brent crude, the global benchmark, made a $1.01 or 1.19 per cent climb to sell at $85.62 per barrel while the United States West Texas Intermediate (WTI) made a $1.30 or
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Road Infrastructure Tax

Road Infrastructure Tax is to Bridge Nigeria’s Revenue Gap—Nami

October 23, 2021
By Adedapo Adesanya To help cover Nigeria’s revenue shortfall, the Federal Inland Revenue Service (FIRS) says it is proposing the introduction of road infrastructure tax by making the informal sector contribute to building a modern society. The Executive Chairman of FIRS, Mr Muhammad Mamman Nami said this when a delegation of the Nigeria Union of Journalists (NUJ) led by its
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naira and dollar

Investors, Exporters Exchange Dollar at N415.07 Friday

October 23, 2021
By Adedapo Adesanya The Naira to Dollar exchange rate at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market in Nigeria maintained stability on Friday. According to data harvested from FMDQ Securities Exchange by Business Post yesterday, the domestic currency was traded at N415.07/$1, the same amount it was sold on Thursday. It was observed that the
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nigerian stock exchange

Nigerian Exchange Jumps 0.14% on Renewed Investor Confidence

October 23, 2021
By Dipo Olowookere The Nigerian Exchange (NGX) Limited further appreciated by 0.14 per cent on Friday on the back of a renewed investor confidence, triggering a rise in the level of activities. This was largely driven by demand for the shares of FBN Holdings, Ecobank, Cutix, amongst others and at the end of the session, the trading volume rose by135.98
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Friesland WAMCO

Friesland Drowns Unlisted Securities Market by 0.33%

October 23, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in the negative territory at the last trading session of the week on Friday by 0.33 per cent. It was the first time the market was closing bearish this week and this drowning of the unlisted securities market yesterday was caused by a decline in the equity price of FrieslandCampina
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Politics

NNPC guarantee energy security

NNPC, First E&P Empower NGOs With N53m

May 12, 2024
By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited and First Exploration & Production Limited (First E&P) joint venture (JV) have donated a sum of N53 million to non-governmental organizations (NGOs) in Nigeria as part of their Corporate Social Responsibility (CSR) initiatives. Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such
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Travel

Latest

Rivers APC Condemns Disruption of Rivers Bye-Election

Rivers State Chapter of All Progressives Congress (APC) has accused the state government of using security officials attached to the Government House in Port Harcourt to cart away electoral materials, rig and cause general disruption in the Saturday PHALGA 3 State Constituency
August 19, 2018
PDP anambra election

Rivers Bye-Election: PDP Accuses APC of Violence

The Rivers State chapter of the Peoples Democratic Party (PDP) has accused the faction of the All Progressives Congress (APC) led by Mr Ojukaye Flagg–Amachree of violently disrupting the bye-election into Port Harcourt State Constituency 3 scheduled yesterday by the Independent National
August 19, 2018
NASD OTC market

Nigeria’s Unlisted Securities Gain 0.71% in One Week

By Dipo Olowookere Companies trading their unlisted securities on the floor of the NASD OTC Exchange recorded a growth of 0.71 percent last week. At the close of transactions on Friday, the Unlisted Securities Index closed at 692.47 points in contrast to
August 19, 2018

BREAKING: Oyo Govt Demolishes Yinka Ayefele’s Music House

By Modupe Gbadeyanka The Oyo State government on Sunday, August 19, 2018 finally demolished the building housing Mr Yinka Ayefele’s radio station, Fresh FM in Ibadan, the state capital. The demolition was carried out despite the popular gospel singer going to court
August 19, 2018

SEC: Market Reaction to 2019 Elections Normal, Calls for Caution

By Dipo Olowookere Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC), Ms Mary Uduk, has disclosed that the current reaction of investors to the nation’s capital market to the forthcoming general elections next year is nothing to worry about. Events lately
August 19, 2018
ibrahim magu efcc

Magu’s Chief of Staff Not Under Investigation—EFCC

By Dipo Olowookere The management of the Economic and Financial Crimes Commission (EFCC) has reacted to a media report that Mr Ola Olukoyede, the Chief of Staff to Acting Chairman of the commission, Mr Ibrahim Magu, was under investigation for an alleged
August 19, 2018
Nigerian Stock Market

Stock Market Records N13b Turnover Last Week Amid Panic Selling

By Dipo Olowookere Transactions at the Nigerian equities market were bearish last week amid selloffs by foreign portfolio investors, who were scared of uncertainties in the country and emerging markets across the world, which Nigeria belongs to. During the five-day trading week,
August 19, 2018
NSE All-Share Index

NSE Finally Delists Paints and Coatings Manufacturers Nigeria

By Dipo Olowookere Paints and Coatings Manufacturers Nigeria Plc has finally been delisted on the Nigerian Stock Exchange (NSE), Business Post has confirmed. This information was confirmed by the management of the stock exchange in its weekly X-Compliance Report. In the report
August 19, 2018
buhari thinking deep

Deep-Seated Corruption in Nigeria

By Kester Kenn Klomegah One of the biggest problems in the African continent is corruption, but in Nigeria, corruption has gotten to a frightening level. It has reached the level whereby government policies and actions are decided by incorrigibly corrupt officials. It
August 19, 2018
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