Dangote cement unclaimed dividends

NGX Sheds 1.77% as Investors Selloff UPDC, Dangote Cement

December 10, 2021
By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated on Thursday by 1.77 per cent on the back of profit-taking in the shares of UPDC, Dangote Cement and 13 others. The duo lost 10.00 per cent each yesterday to close at N9.00 and N252.00 respectively, while Neimeth went down by 6.86 per cent to N1.63, May & Baker dropped 6.46
crude oil

Fears of Chinese Demand Outlook Crash Crude Oil

December 10, 2021
By Adedapo Adesanya Crude oil prices settled lower on Thursday on fears over the economic outlook of the world’s biggest oil importer, China, weakening the Brent crude futures by $1.40 or 1.9 per cent to $74.42 a barrel and the United States West Texas Intermediate (WTI) crude futures by $1.42 or 2 per cent to $70.94 a barrel. The market
exchange rates

Naira-Dollar Exchange Rate Unchanged at I&E Amid 100% Surge in FX Demand

December 10, 2021
By Adedapo Adesanya The Naira to Dollar exchange rate remained unchanged at N415.07/$1 for the second straight session at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Thursday. The local currency sustained its stability at the official market segment yesterday amid a surge in FX demand as data from the FMDQ Securities Exchange stated that
CSCS Stocks

CSCS, Friesland Return Sanity to NASD With 0.9% Growth

December 10, 2021
By Adedapo Adesanya The bull returned to the floor of the NASD Over-the-Counter (OTC) Securities Exchange following a 0.9 per cent rise on Thursday, December 9. The favourable outcome came on the back of gains recorded by Central Securities Clearing Systems (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc. Friesland made a N1.85 or 1.6 per cent rise to close at
FGN Savings Bonds

Subscription for FGN Savings Bond for December Closes Today

December 10, 2021
By Modupe Gbadeyanka Retail investors and low-income earners who intend to purchase the FGN savings bond for the month of December 2021 have till the noon of Friday, December 10, 2021, to do so. The subscription for the investment tool started on Monday and the sale is being conducted by the Debt Management Office (DMO). The FGN savings bond is

Politics

Jumia EasyBuy

Jumia Nigeria Partners EasyBuy for Buy Now Pay Later Service

May 17, 2024
By Modupe Gbadeyanka A new service has been introduced by the leading e-commerce platform in Nigeria, Jumia, made possible with a partnership with EasyBuy. The new offering is Buy Now Pay Later (BNPL), allowing consumers across Nigeria to buy their desired products and make flexible payments over a time. A statement from Jumia disclosed that with this collaboration, consumers will

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Latest

OYBIR Hands Over Two Fake Tax Collectors to Police

By Dipo Olowookere Chairman of the Oyo State Board of Internal Revenue (OYBIR) has ordered officers of the board to hand over two members of a fake tax collection syndicate apprehended last Friday in Ibadan to police for investigation. The two suspects
July 15, 2018

Certificate Saga: Adeosun’s Silence Very Dangerous—SERAP

By Dipo Olowookere Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has been urged to “without further delay show responsibility and clear the air over the damaging certificate forgery allegations against her and settle the facts of the case once and for all.”
July 15, 2018
business in nigeria

Nigeria’s Trade Surplus with Netherlands Healthy—Envoy

By Dipo Olowookere Nigerian Ambassador to the Netherlands, Mr Oji Ngofa, has described the nation’s trade surplus with the Netherlands as “healthy.” According to him, the European country is currently Nigeria’s largest trading partner, with trade volume of over €3 billion (about
July 15, 2018
forex Black Market

I&E FX Window Records $779b Turnover as Naira Gains 0.39%

By Dipo Olowookere Last week, the Nigerian Naira appreciated week-on-week (w-o-w) against the US Dollar at the Investors & Exporters Forex Window (I&E FXW) by 0.39 percent to close at N361.16 amid a 13.76 percent w-o-w increase in turnover to $778.96 billion
July 15, 2018

CBN Orders Banks to Supply Transaction Data Daily

By Dipo Olowookere All financial institutions operating in the country have been mandated by the Central Bank of Nigeria (CBN) to furnish it with their daily transaction data through the Nigeria Inter-Bank Settlement System (NIBSS). The daily return is part of the
July 15, 2018