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Nigerian Naira

Nigerian Currency Loses 0.02% Against Dollar

December 8, 2021
By Adedapo Adesanya The Nigerian Naira lost 7 kobo or 0.02 per cent against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Tuesday. Data showed that the Nigerian currency was traded at N415.07/$1 at the spot market yesterday compared with N415/$1 it was sold at the previous session. The Naira
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Nigeria's Unlisted Securities Market Sheds 0.78%, NASD Shares up 8.31%

Friesland, CSCS Weaken NASD OTC Market by 1.85%

December 8, 2021
By Adedapo Adesanya FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc both allowed the bears to rip NASD Over-the-Counter (OTC) Securities Exchange apart by 1.85 per cent on Tuesday, December 7. The performance of the two stocks depleted the market capitalisation of the NASD OTC market by N11.41 billion to N604.45 billion from N615.86 billion it quoted
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Unclaimed Dividends

Unclaimed Dividends: SEC Engages Registrars, Stockbrokers, Others

December 8, 2021
By Dipo Olowookere The stubborn demon in the Nigerian capital market, unclaimed dividends, may soon become a thing of the past if the latest move by the Securities and Exchange Commission (SEC) yields meaningful results. The Director-General of the agency, Mr Lamido Yuguda, said to tackle the issue, key stakeholders in the market were engaged and it was discovered that
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Obligation of Leadership

Succession and Obligation of Leadership

December 8, 2021
By Jerome-Mario Utomi Am I a good leader? I do not know and I guess no one else does. The people, the future and history will stand judged and I will accept their judgments no matter what they might be. Nevertheless, I am fully convinced that I am leading my people, not only on the right part but on the
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NGX RegCo Tinuade Awe

NGX RegCo to Engage Issuers on Post-Listing Requirements

December 8, 2021
By Dipo Olowookere On Tuesday, December 14, 2021, issuers of securities on the Nigerian Exchange (NGX) Limited will have an engagement with the NGX Regulation, the regulatory arm of the NGX Group Plc. The meeting will give participants, especially companies trading their stocks on the local exchange, to share the challenges they face in meeting the various post-listing requirements. Publicly-quoted
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Politics

Unity Bank UnityCares

Unity Bank, FBN Holdings, Others Tumble Customs Street by 0.31%

April 20, 2024
By Dipo Olowookere The Nigerian stock market further depreciated by 0.31 per cent on Friday on the back of persistent selling pressure, especially in the banking sector. Twenty equities led by Unity Bank and FBN Holdings brought down Customs Street at the close of trading activities yesterday, as investor sentiment remained largely weak. Business Post reports that only 14 shares
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Travel

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Jumia CEO growth

Secrets of Our Rapid Growth—Jumia CEO

By Modupe Gbadeyanka Chief Executive Officer of Jumia Nigeria, Ms Juliet Anammah, has revealed the main secrets responsible for the growth across Africa. According to Ms Anammah, the firms’ integrated and interconnected ecosystem across its 23 markets in Africa has helped to
June 25, 2018

D’Banj’s One-Year Old Son Drowns in Swimming Pool, Dies

By Dipo Olowookere The one-year old son of popular Nigerian artiste, Dapo Oyebanjo, otherwise known as D’Banj, has died. The boy, Daniel Oyebanjo Jnr, reportedly died on Sunday evening at the entertainer’s residence in the Ikoyi area of Lagos State. According to
June 25, 2018
Nigerian Stocks

Nigerian Stocks Close 0.76% Lower on Sustained Selloff

By Dipo Olowookere Profit-taking activities persisted on the trading floor of the Nigerian Stock Exchange (NSE) last Friday, leaving the market to close 0.76 percent lower with the Year-to-Date (YtD) returns finishing at -1 percent. Business Post reports that the All-Share Index
June 24, 2018
FCMB customers Adam Nuru

How Safe Are Customer Deposits at FCMB?

By Dipo Olowookere A bank is a financial institution that accepts deposits, which could be in form of cash or valuables, from the public with intention of keeping them safe for the owners. However, when an institution that is supposed to be
June 24, 2018

Lagos Seals Total Filling Station Over Water Pollution

By Dipo Olowookere A filling station operating under the name Total Nigeria has been sealed up by the Lagos State government. The fuel station located in the Akoka area of the metropolis was shut down over issues relating to water pollution. According
June 24, 2018

2018 Budget: Implementation May be Strained

By United Capital Research On Wednesday, June 20, 2018, President Buhari signed the 2018 Budget into law, more than 200 days after it was presented in Nov-2017. Although less concerned about the aggregate increment to N9.1tn, the President was not pleased by
June 24, 2018

Naira Gains 0.02% at I&E Window as Turnover Hits $906.02m

By Dipo Olowookere It was a positive week for the local currency at the Investors & Exporters (I&E) segment of the foreign exchange market. This is because the Naira appreciated slightly by 0.02 percent at the forex window week-on-week (w-o-w) against the
June 24, 2018

NASD OTC Market Ends Week 0.1% Lower

By Dipo Olowookere Transactions at the NASD OTC Market finished the for the week on a negative note as the major indices pointed South for another week running. Specifically, the NASD Unlisted Securities Index decreased by 0.01 percent to close at 659.16
June 24, 2018
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