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foreign oil investors

Oil Settles Higher on Upbeat Demand Amid Bearish Threats

May 24, 2022
By Adedapo Adesanya Oil prices were in the positive territory on Monday as the Brent crude gained 69 cents or 0.61 per cent to trade at $113.20 per barrel and the United States West Texas Intermediate (WTI) rose by 45 cents or 0.8 per cent to $110.70 per barrel. The commodity settled higher as the market turned its attention away
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nigerian currency

Nigerian Currency Now Trades N618/$1 at P2P, N420/$1 at I&E

May 24, 2022
By Adedapo Adesanya All is not well with the Nigerian currency in the various segments of the foreign exchange (FX) market as its value against the major foreign currencies is depreciating by the day. On Monday, the Naira lost 0.31 per cent or N1.31 against the United States Dollar at the Investors and Exporters (I&E) window of the forex market
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CSCS Stocks

CSCS Leads NASD Bourse to 0.39% Loss

May 24, 2022
By Adedapo Adesanya The National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange opened the week on a bearish note as it lost 0.39 per cent on Monday on the back of a slip in the price of Central Securities Clearing System (CSCS) Plc. The share price of CSCS Plc went down by N1.23 or 7.8 per cent during
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GDP

Nigeria’s GDP Grows by 3.11% in Q1, What Next?

May 24, 2022
By Lukman Otunuga There are two ways one could interpret Nigeria’s latest Gross Domestic Product (GDP) figure of 3.11% in Q1 of 2022. The optimists will say the country’s economy grew for the sixth consecutive quarter in Q1 while pessimists may highlight how economic growth slowed for the third consecutive quarter. Either way, Nigeria’s economy continues to display resilience against
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Politics

FCMB_Logo

FCMB Proposes 50 Kobo Dividend for FY 2023

May 1, 2024
By Aduragbemi Omiyale The board of FCMB Group Plc has proposed the payment of a 50 Kobo dividend for the 2023 financial year, Business Post reports. The financial institution declared the cash reward to shareholders in its audited financial statements released to the Nigerian Exchange (NGX) Limited for the year ended December 31, 2023. In the period under review, FCMB
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Travel

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Dubai Unveils Dazzling New Attractions

By Modupe Gbadeyanka Ever evolving and growing, Dubai continues to surprise and amaze with stunning new attractions and world-class developments opening almost every week. 2017 saw a host of exciting new additions to the city’s must-visit list, and looking ahead there’s plenty
January 30, 2018
NSE index falls

Excitement as NSE Pricing Methodology Kicks Off

By Modupe Gbadeyanka The new pricing methodology and par value rules have triggered excitement among stakeholders in the Nigerian capital market. The new pricing method took effect from Monday, January 29, 2018. It was put in place to improve liquidity, narrow spreads
January 30, 2018
African Air Transport Market

IATA Backs Single African Air Transport Market

**Projects Extra 155,000 Jobs, $1.3b Annually for Continent By Modupe Gbadeyanka The launch of the Single African Air Transport Market (SAATM) initiative by the African Union (AU) has been lauded by the International Air Transport Association (IATA). In a statement on Monday,
January 30, 2018

Gavi Appoints Elumelu Africa’s Champion for Immunisation

By Modupe Gbadeyanka Notable public–private global health partnership organisation, Gavi, has appointed Dr Awele Vivian Elumelu as its Champion for Immunisation in Africa. According to the chief executive of Gavi, Dr Seth Berkley, the significance of Dr Elumelu’s appointment comes at a
January 30, 2018

Benedict Peters Denies Funding Political Movement

By Modupe Gbadeyanka Business mogul, Mr Benedict Peters, has refuted claims that he is the main financial of a new political movement in Nigeria called the Third Force. The oil magnate, in a statement issued last weekend, distanced himself from the speculations,
January 30, 2018

NSE Lists N50m Abacus Money Market Fund

By Modupe Gbadeyanka Fifty million units of Abacus Money Market Fund have been admitted by the Nigerian Stock Exchange (NSE). The Abacus Money Market Fund was listed last week on the NSE at the unit price of N100 by way of memorandum
January 30, 2018

Coalition Blasts Enugu APC Over Comments on Ugwuanyi

By Modupe Gbadeyanka A youth group in Enugu State has slammed the state chapter of the All Progressives Congress (APC) for comments on Governor Ifeanyi Ugwuanyi. The Governor was accused of violating the nation’s Electoral Act over the posting of his posters
January 30, 2018
Treasury Bills

CBN to Auction N253b Treasury Bills Tomorrow

By Modupe Gbadeyanka On Wednesday, January 31, 2018, the Central Bank of Nigeria (CBN) will carry out its second Primary Market Auction (PMA) of treasury bills in 2018. During the exercise, which holds tomorrow, the apex bank will offer N252.9 billion worth
January 30, 2018
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