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Business

FrieslandCampina

FrieslandCampina, Capital Bancorp Chop Off N20.61bn from NASD

May 21, 2022
By Adedapo Adesanya   The NASD Over-the-Counter (OTC) plunged by 1.95 per cent on Friday, May 21 as negative price movements in FrieslandCampina WAMCO Nigeria Plc and Capital Bancorp Plc chopped off N20.61 billion from the bourse. Consequently, the market capitalisation of the unlisted stock exchange finished at N1.04 trillion compared with the preceding session’s N1.06 trillion, while the NASD Unlisted
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Spot Market

Naira Sells N419.02/$ at Spot Market, N615/$ at P2P

May 21, 2022
By Adedapo Adesanya The Naira appreciated by 0.31 per cent or N1.31 against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday, May 20. At the spot market, the exchange rate of the Naira to the greenback closed at N419.02/$1 in contrast to the N420.33/$1 it was traded in the previous
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positive investor sentiment

Equities Shed N159bn amid Positive Investor Sentiment

May 22, 2022
By Dipo Olowookere Despite witnessing a positive investor sentiment, the last trading session of the week at the Nigerian Exchange (NGX) Limited closed 0.55 per cent lower on Friday following profit-taking by traders. Business Post reports that all the five key sectors of the exchange closed in the green territory, with the insurance index appreciating by 1.95 per cent. The
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Cross Deals

NGX Attracts N31.784bn from Stock Trading in Five Days

May 23, 2022
By Dipo Olowookere The Nigerian Exchange (NGX) Limited was very busy last week as investors took advantage of the recent rise in the prices of stocks to book profit, resulting in higher market activity. In the week, investors transacted 3.021 billion shares worth N31.784 billion in 29,153 deals compared with the 1.816 billion shares worth N27.194 billion transacted in 36,286
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NASD Unlisted Securities Index

In One Week, NASD Investors’ Wealth Shrink by N19.24bn

May 23, 2022
By Adedapo Adesanya The 20th week of trading of this year at the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange ended on a negative note with a 1.82 per cent loss. The alternative bourse in Nigeria shrank by N19.24 billion as the market capitalisation went down to N1.04 trillion from the preceding week’s N1.06 trillion just as
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Politics

minimum wage gimmicks

Labour Rejects FG’s N48,000 Minimum Wage Proposal

May 15, 2024
By Aduragbemi Omiyale The N48,000 minimum wage proposed by the federal government has been rejected by organised labour, which stormed out of a meeting on Wednesday. The minimum wage committee, known as the Tripartite Committee on New National Minimum Wage, met today with members of the two key labour unions, the Nigeria Labour Congress (NLC) and the Trade Union Congress
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Travel

Latest

Dangote Cement shares

Dangote Cement Announces Closed Period From Today

By Dipo Olowookere One of the heavyweights on the floor of the Nigerian Stock Exchange (NSE), Dangote Cement Plc, has announced its closed period on trading of its shares at the market. A statement issued on Monday, February 12, 2018 disclosed that
February 12, 2018
ecobank customer forum

Ecobank Obtains $200m Loan from Dutch Bank for SMEs

By Dipo Olowookere A syndicated loan facility worth $200 million has been secured for Ecobank Transnational Incorporated (ETI) by the Dutch development bank (FMO), Business Post has learnt. The loan would be used by Ecobank to fund a number of subsidiaries across
February 12, 2018
Stock Market Watch

Stock Recommendation For This Week (February 12)

By Dipo Olowookere Another trading week has commenced today, Monday, February 12, 2018, and investors at the Nigerian Stock Exchange (NSE) are looking forward to a bullish week. Last week, the stock market was in red all through the five trading days
February 12, 2018
Dangote Refinery returnee graduate engineers

Dangote Refinery Engineers Vow to End Fuel Scarcity

By Dipo Olowookere Returnee indigenous India trained Graduate engineers of the Dangote Refinery have promised to deploy the knowledge and skills acquired during the training to ensure Nigeria is saved the embarrassment of fuel scarcity when the refinery come on stream. The
February 12, 2018

UAE Unveils Humanitarian Aid Databank at World Government Summit

By Dipo Olowookere The UAE has launched a humanitarian logistics databank at the World Government Summit (WGS) in Dubai. Announced by HRH Princess Haya bint Al Hussein, Chairperson of the International Humanitarian City, the databank will improve the speed and efficiency of
February 12, 2018
Lekki Toll gate

SERAP Seeks Reversal of ‘Unfair Lekki Toll Charges’

By Dipo Olowookere Governor Akinwunmi Ambode of Lagos State has been urged “to take steps to immediately reverse the unfair and discriminatory charges at the Lekki-Epe Expressway and Lekki-Ikoyi Link Bridge toll gates by the Lekki Concession Company (LCC), if the government
February 12, 2018

eTranzact Throws Party for Outgoing Chairman Felix Ohiwerei

By Modupe Gbadeyanka Leading provider of mobile banking and payment services, eTranzact International Plc, over the weekend organised a dinner party to celebrate its pioneer and out-going chairman, Mr Felix Ohiwerei, who has distinguished himself as a leader worthy of emulation. The
February 11, 2018
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