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crude oil market

Inflation, COVID-19 Quarantine Shrink Crude Oil Prices

October 21, 2022
By Adedapo Adesanya The prices of the crude oil grades were marginally down on Thursday, as worries about inflation dampening oil demand contended while China is considering easing COVID-19 quarantine measures for visitors. While the Brent crude futures fell by 3 cents to settle at $92.38 a barrel, the United States West Texas Intermediate (WTI) crude futures dropped 1 cent
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CSCS Stocks

CSCS Pushes NASD OTC Exchange to Danger Zone by 0.01%

October 21, 2022
By Adedapo Adesanya Central Securities Clearing System (CSCS) Plc halted the back-to-back stalemates at the NASD Over-the-Counter (OTC) Securities Exchange but dragged it into the red by 0.01 per cent up on Thursday, October 20. The performance of the stock shrank the market capitalisation of the bourse by N50 million to close at N961.89 billion compared with the N961.94 billion
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nigerian currency

Nigerian Currency Further Loses Value Against Dollar

October 21, 2022
By Adedapo Adesanya The Naira depreciated against the Dollar at the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market on Thursday by N3 or 0.4 per cent to trade at N756/$1 compared with the previous day’s N753/$1. Also, the Nigerian currency lost N4 against its American counterpart to close at N747/$1 in contrast to Wednesday’s closing price of N743/$1.
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grow women businesses

AfDB Plans Fresh $500m Disbursement to Grow Women Businesses

October 21, 2022
By Adedapo Adesanya The African Development Bank (AfDB) has announced plans to disburse another $500 million to further grow women businesses. This was disclosed by the President of the AfDB, Mr Akinwumi Adesina, at the ongoing Finance in Common Summit in Abidjan, Côte d’Ivoire. The third edition of the summit is co-organised by the bank and the European Investment Bank
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Nigeria oil exports

Oil Exports Resume at Shell’s Forcados Terminal After 10 Weeks

October 21, 2022
By Adedapo Adesanya Oil exports from Shell Plc’s Forcados terminal in Nigeria are due to resume after a 10-week interruption, offering a boost to the government amid tumbling crude production this year. Shipments are scheduled to restart following the completion of repair work at the coastal facility in the oil-rich Delta State. The SPDC’s media relations manager, Mrs Abimbola Essien-Nelson,
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Politics

ANOH Gas Plant

Tinubu To Commission Three Critical Gas Projects

May 3, 2024
By Adedapo Adesanya President Bola Tinubu will commission three critical gas infrastructure projects undertaken by the Nigerian National Petroleum Company (NNPC) Limited and its partners as part of efforts to use gas to boost the Nigerian economy. This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, on Friday, adding
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Travel

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Cryptocurrency

CBN Moves to Formally Legalise Crypto Currency in Nigeria

By Modupe Gbadeyanka Deputy Director/Head, Payments System Policy and Oversight at the Central Bank of Nigeria (CBN), Mr Musa Jimoh, has disclosed that the apex bank has commenced arrangement to introduce a digital currency in the country a move to key into
September 25, 2017
Newrest ASL Nigeria

Newrest ASL Nigeria Sells Off Stake in ASL Rwanda Ltd

By Modupe Gbadeyanka The management of Newrest ASL Nigeria Plc, formerly Airline Services & Logistics Plc, has announced divesting its entire stake in ASL Rwanda Limited. In a notice to the Nigerian Stock Exchange (NSE) last Friday, the firm said it no
September 25, 2017
Graduates Farmers

FG Vows to Safeguard Livelihoods of Farmers

By Modupe Gbadeyanka Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has disclosed that the Federal Government was committed to safeguarding the livelihoods of farmers across the country. Mr Ogbeh made this disclosure in his keynote address at the 2017 Farmers’
September 25, 2017
uba-court-case-missing-account

UBA Begins Use of AI-Powered Callback Technology to Satisfy Customers

By Modupe Gbadeyanka As part of efforts to boost its customer service, United Bank for Africa (UBA), has commenced the use of Artificial Intelligence (AI)-powered technology for instance response to enquiries. AI-powered solutions help entrepreneurs automate their business communication, generate insights from
September 25, 2017

CBN Begins MPC Meeting Today

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) will today, Monday, September 25, 2017 commence its Monetary Policy Committee (MPC) meeting. The MPC meeting continues of Tuesday and would be held at the MPC Meeting Room, 11th Floor, Wing C, CBN
September 25, 2017

Japanese Budget Smart Phone Maker FREETEL Enters Egypt

By Modupe Gbadeyanka Tokyo-based maker and seller of the FREETEL brand of budget smartphones, Plus One Global, has announced hitting the Egyptian market. The firm entered the North Africa country in partnership with Egypt’s largest smart phone distributor, MTI Group, on a
September 25, 2017

Triaconta Unveils New Safe Way to Invest in Cryptocurrencies

By Modupe Gbadeyanka As part of efforts to minimise the risks of investing in cryptocurrencies, Triaconta has announced the introduction of Combicoin to make the cryptocurrency market accessible for a larger audience. According to Triaconta, CombiCoin is 100 percent asset backed by
September 25, 2017

Ambode Approves Upgrade of Onikan Stadium

By Modupe Gbadeyanka The rehabilitation and upgrade of the 5,000 capacity Onikan Stadium, near Tafawa Balewa Square Lagos Island, has been approved by the Lagos State Governor, Mr Akinwunmi Ambode. A statement issued on Sunday by the Commissioner for Information and Strategy,
September 25, 2017
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