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Business

crude oil prices

Oil Gains $3 on Tight Supply, OPEC+ Unwavering Output Plan

May 27, 2022
By Adedapo Adesanya Oil prices were flying high on Thursday due to signs of tight supply as the Organisation of the Petroleum Exporting Countries and allies (OPEC+) is expected to approve its moderate monthly increases in crude production when it decides output levels for July. During the session, the price of the Brent crude jumped by $3.13 or 2.74 per
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TerraClassicUSD

Naira to N418.88/$1 at I&E as Luna Rebrands to TerraClassic

May 27, 2022
By Adedapo Adesanya The value of FX transactions at the Investors and Exporters (I&E) window of the foreign exchange market significantly increased by 45.4 per cent or $49.13 million on Thursday, putting pressure on the local currency. According to data obtained from the FMDQ Securities Exchange, the turnover for the day was $157.46 million compared with the $108.33 million published
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NASD Market capitalisation

Market Capitalisation of NASD OTC Exchange Increases to N1.05trn

May 27, 2022
By Adedapo Adesanya The market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange expanded on Thursday by 0.5 per cent or N5.2 billion to settle at N1.05 trillion in contrast to the previous day’s N1.04 trillion. This increase occurred despite a decline in the NASD unlisted securities index (NSI) by 0.03 per cent or 0.23 points to 794.83 points from
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Stock Investors

Stock Investors Gain N301bn Amid 30% Drop in Volume of Trades

May 27, 2022
By Dipo Olowookere A renewed buying pressure sustained the gains on the floor of the Nigerian Exchange (NGX) Limited on Thursday as the trading platform further closed higher by 1.06 per cent. Unlike the previous session, the mood of stock investors was upbeat yesterday, resulting in a higher number of price gainers than price losers. A total of 27 equities
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Cititrust

Cititrust Joins Unlisted Securities Exchange at N5.50

May 27, 2022
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange has announced the admission of Cititrust Holdings Plc to the fold of companies trading on its platform. The firm joined the unlisted securities exchange on Thursday, May 26, increasing the number of organisations on the platform to 40. This is coming after Access Bank listed more than 35.545 billion shares valued
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Politics

local bourse bear market

Airtel Africa, Others Revive Local Bourse by 0.84% Despite Bearish Sentiment

May 17, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited ended in the green territory on Thursday after it gained 0.84 per cent, thanks to Airtel Africa and some insurance equities. However, investor sentiment at the local bourse remained weak as a result of sustained profit-taking in the banking and consumer goods sectors. Data showed that the insurance index was the sole
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Travel

Latest

PAL Pensions Unveils Campaign to Deepen Market Penetration

By Dipo Olowookere The management of Pensions Alliance Limited (PAL Pensions) on Tuesday launched a new campaign tagged ‘Retire with a Smile’ to encourage more individuals to save towards retirement. The campaign, unveiled yesterday at the Oriental Hotel, Lekki, is also part
February 7, 2018
NEXIM bank

NEXIM Bank Urges SMEs to Access N550b Export Funds

By Dipo Olowookere Owners of Small and Medium-Scaled Enterprises (SMEs) in the export industry have been advised to take advantage of the N550 billion export facilities under the care of the Nigerian Export-Import Bank (NEXIM) to grow their businesses. Managing Director of
February 7, 2018
Customers Forex Demands

Forex Repatriation: CBN Threatens to Sanction Exporters

By Dipo Olowookere Central Bank of Nigeria (CBN) has given exporters 90 days grace period to repatriate proceeds of their exports back into the country or be ready to face heavy sanctions. Addressing newsmen in Lagos yesterday, Chief Executive Officer of Citibank
February 7, 2018

OLX Shuts Down Offices in Nigeria, Lays Off Workers

By Dipo Olowookere Outlets of popular online classified advert platform, OLX, in Nigeria, Kenya and Ghana would be shut down. According to multiple reports, offices of OLX in these three African nations would be closed by the end of March this year.
February 7, 2018

Keystone Bank Introduces New Mobile Banking App

By Dipo Olowookere In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, Keystone Bank has announced the launch of a brand new mobile banking application with many user friendly features which can be accessed from the
February 7, 2018
t-bills market

T-Bills Yields Gain 0.33% as Market Trades Bearish

By Dipo Olowookere The treasury bills market was traded bearish on Tuesday amid massive selloff seen in the short tenured instruments. This was as the Central Bank of Nigeria (CBN) conducted another Open Market Operations (OMO) exercise yesterday. During the auction, the
February 7, 2018

Nigerian Pension Funds Diversify into Sukuk, Green Bonds

By Quantitative Financial Analytics Following Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016, the federal government of Nigeria issued its first Green Bond in the amount of N10.69 billion. Nigerian pension funds saw that as an opportunity
February 7, 2018

Sodium Brand Solutions Appoints Titi Oremade General Manager

By Modupe Gbadeyanka Consummate brand marketing expert, Titi Seun-Oremade, has been appointed as General Manager of leading Integrated Marketing Communications (IMC) firm in Nigeria, Sodium Brand Solutions. The appointment of Seun-Oremade, which took immediate effect, was confirmed on Tuesday in a statement
February 6, 2018
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