Jaiz Bank

Jaiz Bank Demonstrates Healthy Profitability, Stable Outlook—Fitch

December 10, 2021
By Dipo Olowookere A notable rating agency, Fitch Ratings, has assigned a rating of ‘B-‘ to Jaiz Bank Plc, a foremost non-interest banking institution in Nigeria. In a statement issued on Thursday, Fitch, apart from assigning the ‘B-‘ to the Long-Term Issuer Default Rating (IDR), also gave the lender a Stable Outlook and a Viability Rating (VR) of ‘b-‘. The
Taraba Assembly

Taraba Assembly Approves N149.8bn Budget for 2022

December 10, 2021
By Adedapo Adesanya The Taraba State House of Assembly has approved the 2022 budget of N149,784,896,396,82, into law, higher than the sum of N146,781,653,671,82 initially proposed by the Governor of the state, Mr Darius Dickson Ishaku. The 2022 budget now has recurrent expenditure of N78,072,587,679,90 and a capital expenditure of N71,712,308,716,82. According to the Speaker, Mr Albasu Joseph Kunini, the
Nembe Oil Spill

Nembe Oil Spill: Expert Wants Preservation of Failed Wellhead for Analysis

December 10, 2021
By Adedapo Adesanya An American university professor, Rick Steiner, has said between 532,000 and 1,064,000 barrels of crude oil has been spilt in the Nembe Oil Mining Lease (OML) 29 blowout, making the blowout one of the largest in world history. Mr Steiner in a letter to the Nigerian National Petroleum Corporation (NNPC) Limited advised that the failed wellhead of
brent crude oil

Brent Sells for $75 as Impact of Omicron on Demand Eases

December 11, 2021
By Adedapo Adesanya Brent crude returned to the $75 per barrel mark buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand. On Friday, the price went up by 73 cents or 0.98 per cent to $75.15 per barrel, while the price of the West Texas Intermediate (WTI) crude futures also gained 73
NASD Unlisted Securities Index

NASD Unlisted Security Index Sheds 4.26 Points Friday

December 11, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed lower by 0.58 per cent on Friday following renewed profit-taking by investors at the exchange. This scrapped off 4.26 points from the NASD Unlisted Security Index (NSI), which finished the last trading session of the week at 732.15 points compared with 736.41 points of the previous session. Similarly, the market

Politics

NASD OTC exchange

Aradel Holdings Lifts OTC Exchange by 3.06%

May 25, 2024
By Adedapo Adesanya Aradel Holdings Plc lifted the NASD Over-the-Counter (OTC) Securities Exchange by 3.06 per cent on Friday, May 24, with the energy stock rising by N257.90 to end the session at N3,680.90 per share versus the previous session’s N3,423.00 per share. The company watered the impact of the losses recorded by the duo of Afriland Properties Plc and

Travel

Latest

Group Mocks Kenneth Okonkwo over Guber Campaign Posters

By Dipo Olowookere A group known as the Enugu Youths Coalition has reacted to the official release of the campaign posters of the All Progressives Congress (APC) governorship aspirant for Enugu State, Mr Kenneth Okonkwo. In a statement released to newsmen in
July 20, 2018
T-bills yields

T-Bills Reverse Gains as CBN Mops up N496b via OMO Sales

By Dipo Olowookere The treasury bills market ended bearish on Thursday after profit taking dominated the market, leaving the yields to expand by about 0.16 percent on the average across the benchmark securities. It was gathered that yesterday’s poor outcome reversed the
July 20, 2018

Stakeholders Gear up for 2nd Coworking Confab in Lagos

By Dipo Olowookere On Thursday, July 26, 2018, policymakers, entrepreneurs, investors, service providers, the media and coworking space operators will gather at the IMAX Filmhouse in Lekki, Lagos for the second coworking conference. Organisers of the event, Venia Business Hub, explained that
July 20, 2018
chris ngige NSITF

How FG Agency Spent N5.7b on DSTV Subscription, Others

By Dipo Olowookere Not less than N5.7 billion was reportedly spent by employees of the Nigeria Social Insurance Trust Fund (NSITF) on pay TV subscription and fuel allowance, a report by the administrative panel of enquiry set up by the Minister of
July 20, 2018

FG Trains 5,916 Youths in Agro-Entrepreneurship

By Dipo Olowookere No fewer than 5,916 unemployed youths from 23 states of the federation have been trained by federal government in agro-entrepreneurship. This disclosure was made on Thursday by the Federal Ministry of Agriculture and Rural Development headed by Mr Audu
July 20, 2018